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The “BOX” Simulation
 

The “BOX” Simulation

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The “BOX” Simulation is a carefully constructed full day simulation that will teach students both intellectually and emotionally, what it really means to be an entrepreneur. Students are led ...

The “BOX” Simulation is a carefully constructed full day simulation that will teach students both intellectually and emotionally, what it really means to be an entrepreneur. Students are led through an imaginary 6 months in the development of a new business and are faced with competition from other student groups all developing product in the same market. Leaders will rise to the surface but quickly find that team cooperation trumps individual brilliance.

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    The “BOX” Simulation The “BOX” Simulation Presentation Transcript

    • THE REAL LIFE BUSINESS GAME: ENTREPRENEURSHIP
    • IN THE FOLLOWING PAGES…§  About Team Business§  Our Programs§  BOX – Teaching Entrepreneurship www.teambusiness.com
    • ABOUT TEAM BUSINESS§  World class educational institutions engage Team Business to offer hands-on, interactive business simulations to students from high school through executive MBA audiences.  §  Through  the  experience  students  learn  financial  literacy,  business  literacy,  teamwork  and   communica:on  skills.  §  Students  learn  that  they  CAN  start  and  run  their  own  businesses,  learn  how  to  become     smarter  employees,  and  take  charge  of  their  financial  lives.  §  We  offer  a  range  of  business  simula:ons  for  varying  skill  levels  and  business  topics.     (BOX:  Entrepreneurship;  CAR:  Fundamentals  of  Business,  TEAM:  Team  Dynamics  and  Leadership,  and   Accoun:ng  Comes  Alive:  Accoun:ng  and  Financial  Literacy)  §  Thousands  of  students  have  experienced  our  programs  over  the  last  10  years  in  the     United  States,  Europe,  African  and  India.   “ You  teach  business  at  an  intellectual  and  emo:onal    level  faster  than            anyone  else  I  know.     ”  Greg  Conderacci,  Good  Ground  Consul1ng   www.teambusiness.com
    • COMMON TEAM BUSINESS THEMES§  Our clients incorporate us into their programs for various applications: §  A quick half or full day immersion program into understanding business §  A method of accelerating the pace at which students get to know one another, to jump start the rest of the program §  A way to provide students from varying backgrounds with a common experience from which to teach business lessons in greater depth §  An experience from which to observe students behavior and to provide them with a learning opportunity about themselves and their styles, in a safe learning environment §  A fun experience that keep students engaged for several hours without technology, and takes a generation used to communicating strictly via technology, to work as a team and to interact with one another www.teambusiness.com
    • WE TEACH BUSINESS THROUGH HANDS-ON,INTERACTIVE SIMULATIONS§  Common to all our programs: §  Business Education Programs §  Instructor-led Business Simulations §  Team Building Elements §  Team-Based, 4-5 Member Teams §  Extremely Competitive §  Highly Engaging §  Experiential & Shared Learning Methodology §  Learn from Peers, Your Team and the Competition §  Run by Team Business or Certify Your Own Trainers www.teambusiness.com
    • OUR BUSINESS SIMULATION PROGRAMS§  Teams run real,’ hands-on businesses in competition with each other. SIMULATION OUTCOME 1" Entrepreneurship 2 Fundamentals of Business 3 Team Building and Effectiveness 4 Accounting and Financial Analysis www.teambusiness.com
    • www.teambusiness.com
    • WHAT STUDENTS GETOUT OF THE BOX EXPERIENCE?§  Understand, hands on, what it means to be an entrepreneur, to have a career in business or to work in a corporation.§  How to be successful working as a part of a team.§  How you can’t be successful, unless you work with your team…§  How important it is to communicate and listen to others…§  That there is no one right answer in business…§  How to read and complete an income statement…§  More importantly… Why it’s important that more money comes in and less money goes out. Participants stay engaged for 4-8 hours, without digital technology. www.teambusiness.com
    • THE PROCESS§  Participants run businesses for 6 imaginary months, in one day, with several stages and challenges.§  Everyone participates in the management and production of a product.§  Challenges include: §  Supply/Demand §  Competitive Rivalry §  Impact of Technology §  Impact of Quality §  Challenge of the Future www.teambusiness.com
    • 1 TEAMS RECEIVE A BUSINESS CHALLENGE www.teambusiness.com
    • 2 THEY GO INTO A MANAGEMENT MEETING TO STRATEGIZE AND MAKE DECISIONS www.teambusiness.com
    • 3 THEY THEN IDENTIFY THEIR KEY VALUE AND COST DRIVERS… www.teambusiness.com
    • 4 THEY TURN THEIR BUSINESS PLAN INTO ACTION… AGAINST THE CLOCK www.teambusiness.com
    • 5 EACH TEAM MARKETS THEIR VALUE TO THEIR CUSTOMER… www.teambusiness.com
    • 6 THEY MEASURE AND ANALYZE THEIR BUSINESS RESULTS ON INCOME AND CASH FLOW STATEMENTS www.teambusiness.com
    • 7 MOST CRITICALLY, THEY REFLECT ON WHAT HAPPENED AND LEARN FROM THEIR MISTAKES AND SUCCESSES www.teambusiness.com
    • QUICK FACTS §  The cornerstones of business – customer satisfaction, costs, revenue, profit §  The impact of technology §  The challenge of reduced demand §  The role of qualityKey Concepts §  The role of advertising §  The concept of adding value §  The affordability of staff §  The dynamics of market forces and pricing §  The impact of interest and tax on profit §  The value chain – suppliers, inputs, processes, outputs, customersWorkshop Size §  4-5 member teams; 16-30 participants& Audience §  Students in any specialization (business, science etc)Time §  6-8 hours. Can be run in 1 full day or 2 half-day sessions www.teambusiness.com
    • www.teambusiness.com
    • THANK YOUFor further discussions, or to contact Team Business, call Lara Azzam at 301.537.8980 Or e-mail: lara@teambusiness.com www.teambusiness.com