Knowsys The Euronet Simulation Eng


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Knowsys The Euronet Simulation Eng

  1. 1. Better Decisions. Better Results. Developing Strategic Decision Making capabilities through business simulation technologies
  2. 2. Our vision is … <ul><li>… to be a recognized leader </li></ul><ul><li>in the development of Strategic Thinking </li></ul><ul><li>within businesses and organizations </li></ul><ul><li>in Greece, </li></ul><ul><li>Southeastern Europe and </li></ul><ul><li>the Eastern Mediterranean </li></ul>
  3. 3. Our mission is … <ul><li>… to provide world-class </li></ul><ul><li>educational, consulting and research services, </li></ul><ul><li>aiming to develop Strategic Decision Making </li></ul><ul><li>capabilities </li></ul><ul><li>through the use of business simulation </li></ul><ul><li>technologies </li></ul>
  4. 4. Our expanding portfolio of services … <ul><li>Education </li></ul>Research Consultancy Business Simulation Technologies Strategic Decision Making
  5. 5. Our Know-How … <ul><li>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. </li></ul><ul><li>More than 500 executives have taken part in education, training and managerial assessment programs with the use of business simulations, in Athens and Thessaloniki. </li></ul><ul><li>We cooperate with corporate partners specialized in the development and application of business simulations for businesses and organizations. </li></ul>
  6. 6. Business Simulations Developing Strategic Decision Making capabilities through business simulation technologies
  7. 7. What is a Business Simulation? <ul><li>… it is a dynamic representation or a dynamic model of a business process, a business function, a whole company, an industry or an economy </li></ul>
  8. 8. How are Business Simulations designed and implemented? <ul><li>Business Simulations are based on real-life market information resulting from extensive research. </li></ul><ul><li>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. </li></ul>
  9. 9. How are Business Simulations designed and implemented? <ul><li>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. </li></ul><ul><li>Business Simulations are tested and fine-tuned so as to provide results which represent real-life situations, as closely as possible. </li></ul>
  10. 10. The EURONET Simulation Developing Strategic Decision Making capabilities through business simulation technologies
  11. 11. Welcome to EURONET
  12. 12. The Business Scenario <ul><li>EURONET has been designed based on the structure, organization and operation of a vertically integrated company, competing in retail and wholesale markets. </li></ul><ul><li>The company is structured around four main functions: Marketing, Operations, Distribution (including Human Resources), and Finance. </li></ul>
  13. 13. Business Simulation Model …
  14. 14. Teams and Objectives … <ul><li>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. </li></ul><ul><li>The facilitator, sets team objectives which should be accomplished at the end of the simulation. These might include: </li></ul><ul><ul><ul><li>Profitability </li></ul></ul></ul><ul><ul><ul><li>Market Share </li></ul></ul></ul><ul><ul><ul><li>Share price </li></ul></ul></ul><ul><ul><ul><li>Or a combination of the above </li></ul></ul></ul>
  15. 15. The Decision Making Cycle <ul><li>Teams follow a 4 step cycle during the decision making rounds </li></ul>Analysis Strategy Formulation Strategy Implementation Performance Appraisal
  16. 16. Decision Making <ul><li>Decisions relate to the next quarter of company operations and should be submitted up to the deadline set by the facilitator. </li></ul><ul><li>The facilitator also sets the number of quarters the simulation will last. </li></ul>
  17. 17. Company Headquarters <ul><li>Every team has access to their company headquarters … </li></ul>
  18. 18. Company Headquarters <ul><li>from where it can view detailed reports of company performance … </li></ul>
  19. 19. Company Headquarters <ul><li>information on competitors and the market … </li></ul>
  20. 20. Company Headquarters <ul><li>its financial indicators … </li></ul>
  21. 21. Company Headquarters <ul><li>even the progression of qualitative indices … </li></ul>
  22. 22. Company Headquarters <ul><li>and being able to input decisions for the next quarter … </li></ul>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.        
  23. 23. Facilitator support throughout the Simulation <ul><li>All participants have access to the Participants Manual and online help. </li></ul><ul><li>During the simulation the facilitator is available for questions and consultation. </li></ul>
  24. 24. Education, Training and Business Simulations Developing Strategic Decision Making capabilities through business simulation technologies
  25. 25. Education, Training and Business Simulations <ul><li>Used by most leading business schools to train junior, midlevel and senior managers </li></ul><ul><li>Cover a wide range of business disciplines and industries such Strategy, Marketing, Sales, Hospitality, Banking, etc. </li></ul>
  26. 26. What do they offer? <ul><li>A realistic context for knowledge creation and transfer </li></ul><ul><li>Knowledge to Action and Action to Knowledge </li></ul><ul><li>An objective and transparent assessment of managerial capabilities </li></ul>
  27. 27. 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:
  28. 28. Learning Outcomes <ul><li>Forming a Winning Team </li></ul><ul><li>Assigning Roles and Responsibilities </li></ul><ul><li>Agreeing on objectives and strategies </li></ul><ul><li>Managing a vast amount of Information </li></ul><ul><li>Managing time </li></ul>
  29. 29. Learning Outcomes <ul><li>Negotiating Conflict and Disagreement </li></ul><ul><li>Using business tools to analyze and synthesize strategy decisions </li></ul><ul><li>Managing Crisis </li></ul><ul><li>Understanding the interrelations between business functions , and … </li></ul>
  30. 30. Learning Outcomes Managing and strategizing under uncertainty
  31. 31. KNOWSYS Business Simulation Portfolio Developing Strategic Decision Making capabilities through business simulation technologies
  32. 32. 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
  33. 33. For further information contact us… web: email: dz @ skype: dzarafopoulos mobile: (0030)6937151002 Developing Strategic Decision Making capabilities through business simulation technologies