Knowsys The Euronet Simulation EngPresentation Transcript
Better Decisions. Better Results. Developing Strategic Decision Making capabilities through business simulation technologies
Our vision is …
… to be a recognized leader
in the development of Strategic Thinking
within businesses and organizations
Southeastern Europe and
the Eastern Mediterranean
Our mission is …
… to provide world-class
educational, consulting and research services,
aiming to develop Strategic Decision Making
through the use of business simulation
Our expanding portfolio of services …
Research Consultancy Business Simulation Technologies Strategic Decision Making
Our Know-How …
Since 1997 , we provide the opportunity, to teams of business executives and students, to develop their strategic and managerial capabilities, through the use of business simulations.
More than 500 executives have taken part in education, training and managerial assessment programs with the use of business simulations, in Athens and Thessaloniki.
We cooperate with corporate partners specialized in the development and application of business simulations for businesses and organizations.
Business Simulations Developing Strategic Decision Making capabilities through business simulation technologies
What is a Business Simulation?
… it is a dynamic representation or a dynamic model of a business process, a business function, a whole company, an industry or an economy
How are Business Simulations designed and implemented?
Business Simulations are based on real-life market information resulting from extensive research.
They are designed using the System Dynamics toolset and take into account a series of parameters, relationships and probabilities, with the aim of representing real-life situations as closely as possible.
How are Business Simulations designed and implemented?
The resulting models are coded into software programs, which provide us with the opportunity to see the results of our decisions, in a given set of circumstances.
Business Simulations are tested and fine-tuned so as to provide results which represent real-life situations, as closely as possible.
The EURONET Simulation Developing Strategic Decision Making capabilities through business simulation technologies
Welcome to EURONET
The Business Scenario
EURONET has been designed based on the structure, organization and operation of a vertically integrated company, competing in retail and wholesale markets.
The company is structured around four main functions: Marketing, Operations, Distribution (including Human Resources), and Finance.
Business Simulation Model …
Teams and Objectives …
Participants are put in teams of 3-5 and take control of the management of a virtual company, in the start of its 2nd year of operations.
The facilitator, sets team objectives which should be accomplished at the end of the simulation. These might include:
Or a combination of the above
The Decision Making Cycle
Teams follow a 4 step cycle during the decision making rounds
Decisions relate to the next quarter of company operations and should be submitted up to the deadline set by the facilitator.
The facilitator also sets the number of quarters the simulation will last.
Every team has access to their company headquarters …
from where it can view detailed reports of company performance …
information on competitors and the market …
its financial indicators …
even the progression of qualitative indices …
and being able to input decisions for the next quarter …
Περίοδος Περίοδος Περίοδος Περίοδος Μάρκετινγκ Τιμή Λιανικής: Υφάσματα (€) Τιμή Λιανικής: Οικιακός Εξοπλισμός (€) Τιμή Λιανικής: Έπιπλα (€) Διαφήμιση (€) Τιμή Χονδρικής: Υφάσματα (€) Τιμή Χονδρικής: Οικιακός Εξοπλισμός (€) Τιμή Χονδρικής: Έπιπλα (€) Κτλ.
Facilitator support throughout the Simulation
All participants have access to the Participants Manual and online help.
During the simulation the facilitator is available for questions and consultation.
Education, Training and Business Simulations Developing Strategic Decision Making capabilities through business simulation technologies
Education, Training and Business Simulations
Used by most leading business schools to train junior, midlevel and senior managers
Cover a wide range of business disciplines and industries such Strategy, Marketing, Sales, Hospitality, Banking, etc.
What do they offer?
A realistic context for knowledge creation and transfer
Knowledge to Action and Action to Knowledge
An objective and transparent assessment of managerial capabilities
Learning Outcomes Participants have to face and overcome a series of challenges, similar with what they face or will face in modern day organizational life:
Forming a Winning Team
Assigning Roles and Responsibilities
Agreeing on objectives and strategies
Managing a vast amount of Information
Negotiating Conflict and Disagreement
Using business tools to analyze and synthesize strategy decisions
Understanding the interrelations between business functions , and …
Learning Outcomes Managing and strategizing under uncertainty
KNOWSYS Business Simulation Portfolio Developing Strategic Decision Making capabilities through business simulation technologies
Business Simulation Portfolio KNOWSYS Challenge N/A KNOWSYS Online Semester (16 h ) KNOWSYS Academy N/A Three day (24 h ) KNOWSYS Decision N/A Two Day (16 h ) KNOWSYS Action KNOWSYS Open One Day (8 h ) for academic Institutions for companies and organizations for individual managers
For further information contact us… web: www.knowsys.gr email: dz @ knowsys.gr skype: dzarafopoulos mobile: (0030)6937151002 Developing Strategic Decision Making capabilities through business simulation technologies