Business Literacy Training
The Apples & Oranges is one of the hands-on business simulations where teams of four actually run your business for several years. At the beginning of the workshop the teams purchase your company with the help of shareholder equity and loans from the bank. In return for these investment dollars, the teams receive:
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Your company name
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The customer relationships your company has developed
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Projects moving through the front
The teams discover the importance of cash generation to the viability and success of your organization. After each of the simulation years the teams complete an income statement, balance sheet and important financial metrics such as Return on Equity (ROE) and Return on Assets (ROA). Throughout the workshop teams brainstorm ways to do business better and then implement process improvements to enhance the financial health of the simulation company.
A customized Connections Booklet is filled with exercises that help workshop participants come up with profit and cash improving ideas. We help our clients take ideas generated in the workshop and establish a process improvement flow where these ideas are implemented and measured.
Teams grapple with issues that are true to real life in your business:
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Reducing cost of service
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Reducing time to market
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Staffing the right competencies on the right projects
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Reducing safety stock of consumables
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Streamlining processes
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Collecting Account Receivable more quickly
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Trying to generate more cash
Through this hands-on experience employees SEE the significance of company initiatives and are more apt to get behind these initiatives which can lead to: Increasing Profitable Revenue, Decreasing Costs, and Managing Assets Wisely.
During Year 2 of simulation, the incredible message is the importance of spreading fixed costs and having all business functions communicating to achieve the best financial results. Teams are astounded to find out how just a slight increase in capacity utilization can turbo-charge cash, Return on Equity and Return on Assets, due to the nature of fixed and variable costs inside any operation!
Throughout the entire simulation, the custom Connections Booklets helps teams apply learned process improvement to your real business! In working with the visual work mat your employees are ready to generate profit and cash improving ideas during brainstorming sessions throughout the day. Then we can help you establish processes to gather the ideas, implement, and measure their outcomes, producing a very favorable return on your investment dollars.
M² Offerings:
Interviewing Employees
Lean Operations
Diagnostics
Continuous Improvement
Activity-based costing
Process Mapping
Waste Minimization & P2
> See Services section for more
