Business Planning & Project Management (Individual Online Simulation)

Business Planning & Project Management is our introductory business simulation program designed to teach all the essential elements of running a business: finance, the cause and effect relationships between functional areas, satisfying customer demands and competitive analysis.

Participants will run a $40 million company for five to eight years. The company they start with has no clear direction, is not meeting customer demands and has sub-par financial results. The goal is to create a successful business in the face of tough competition.

The simulation operates in two market segments: low tech and high tech. At the start of the program, each company has one product but can develop a portfolio of up to five. Each simulated year, the management team shapes the company's future by making decisions in Research and Development, Marketing, Finance, Human Resources and Production. In later rounds, decisions in Total Quality Management are added.

Because the goal is to build a successful company with its own strategic direction, each management team has the opportunity of selecting their own benchmarks for success. They choose from two or more measures including Return on Equity (ROE), Return on Investment (ROI), Market Capitalization, Market Share (in Dollars), Cumulative Profit, Return on Assets (ROA), Asset Turnover and Stock Price.

Target Audience:
Business Competencies for Project Managers Business Simulation is ideal for associates, newer hires, supervisors and functional mangers. It can be offered as an instructor-led seminar (minimum 2 days) or on-line with instructor facilitation (minimum 2 weeks).

For complete flexibility, the company can be managed:

As an INDIVIDUAL in which you run the company competing against five computer-generated companies.

As a TEAM COMPETITION: up to five teams consisting of five members, each running a company and competing head to head.

Price: $695 per participant