the advanced business acumen simulation for manufacturing companies
EXECUTIVE CHALLENGE was developed from Management Challenge by increasing the number of products sold (from two to three) and adding a new product design decision. Originally designed for Ciba Geigy to replicate a basic pharmaceutical company it can be used for a wider range of manufacturing companies (a version exists where the scenario is a company selling a range of sport, power boats).
A second shorter manufacturing based simulation (Management Challenge) is available.
This simulation is one of a range of business acumen simulations exploring the issues facing manufacturing, service, retail, distribution, banking, training, professional services and not-for-profit industries.
"As the Simulation Coordinator, it was very pleasing to see the programme deliver all that was expected and more. It gave participants, who normally work in ‘silos’, a very strong message about the impact of one silo on the next and that each and every one of them can make a difference to the bottom line." Gambro
Walk through how this simulation might be used on your course.
KEY LEARNING: The simulation covers these issues:
- BUSINESS APPRECIATION
- BUSINESS OBJECTIVES & MEASURES
- FINANCE & MANAGEMENT MEASURES
- MARKETING - PRICING, PROMOTION & PRODUCT
- PRODUCT MIX & CONTRIBUTION
- OPERATIONAL CONTROL & FORECASTING
- TEAM WORKING
- BUSINESS PRESENTATION
This business simulation is designed to be used by your trainers.
Learn more about running a business simulation yourself.
DURATION: Approximately one day (although it can be run, in an accelerated manner, in half a day).
TARGET AUDIENCE: The simulation is designed to be used by trainees, junior management to middle management, functional specialists and supervisors. Or, abbreviated or with additional tasks, with senior management.
METHOD: After a short briefing the training group is divided into several teams of four or five participants. These teams consider the problem facing them and then make a series of decisions that are fed, by the tutor, into a microcomputer that simulates their effect. The results are returned for the team to analyse before making their next decisions. This decision-making cycle is repeated for at least six periods. At the end of the simulation phase the teams reunite to discuss and compare results.
NUMBER OF TEAMS: The simulation may be used with between two and eight teams that compete and interact directly with each other.
HARDWARE REQUIREMENTS: A single PC and printer for each group of two to eight teams (each of four or five participants).
The simulation uses an advanced simulator that supports tutoring, provides for ease of use and will run on all Windows operating systems from Windows 98 through Windows 8.1
The simulation involves running a complete business with decisions covering marketing (pricing, promotion, product power and sales force) and operations (production and capacity). So, it is especially suited to help participants appreciate the general management of a complete company, its main functions and how they interact.
BUSINESS OBJECTIVES & MEASURES
During the simulation, participants will be concerned with creating a profitable, growing business that survives. They will develop an understanding of business purpose, how this is influenced by their decisions and how the objectives and measures interact.
Participants without management experience may be especially challenged by the need to deal with ambiguity and make decisions without perfect information and, where, some information is provided as qualitative comments about the business.
FINANCE & MANAGEMENT MEASURES
The simulation introduces participants to financial fundamentals (costing, Profit & Loss Account, the Balance Sheet, cash flow and key ratios).
Optionally, using the work sheets provided, participants can test their understanding by, manually, preparing the financial reports.
For more advanced use, the Progressive and Compleat versions provide information on break-even, profit analysis and economic value added.
MARKETING - PRICING, PROMOTION & PRODUCT
Teams decide, for each product, price and promotion and, on a company wide basis, sales force size. They can reposition their products in the three markets by changing the product.
Besides considering customer needs and their responses, participants must consider the effect of the competitors' actions and the financial and operational consequences of their decisions.
Optionally, using the tutor's audit, the trainer running the simulation can provide market research to help teams identify the responses of the markets to their decisions.
PRODUCT MIX & CONTRIBUTION
Although only selling three products, participants need to decide how each of these contribute to the business's profitability, growth and cash flow. (For more advanced use, an optional report shows each product on a profit or investment centre basis and the manufacturing facility on a cost centre basis.)
OPERATIONAL CONTROL & FORECASTING
With decisions covering production levels and capacity, participants must forecast sales and plan their capacity and inventory levels. This must take into account the uncertainties of the impact of marketing decisions, competitive actions and the dynamics of the market-place. Also, with capacity increases delayed by a year, teams must take a long term view.
With participants working in small teams, they have the opportunity to share experience and knowledge, present and promote different viewpoints, and develop their people skills.
Optionally, at the end of the simulation, teams can be asked for make a formal board presentation covering objectives, strategies, process, the future (of the simulated business) and learning.
This simulation is available for company training on a per course rental basis (rather than on a per participant basis) and for academic (university) and school use on a per course and an annual unlimited use basis. For you convenience you can pay in pounds sterling (£), US Dollars (£) or Euros.
Learn more about the rental process
|Academic (annual use)||
|School (annual license)||
This business simulation can be used:
Documentation is provided separately for the UK and US Versions MS Word format and comprises:
A Participants' Manual that provides, for the participants. a description of the simulation, a description of their task and how to use the software.
The Background Notes describe the simulation for the trainer. (Please contact me to receive a copy of these).
The Decision Forms are the forms used to communicate a team's decisions to the trainer.
The Work Sheets are optional and are provided to allow participants to create manually the financial reports from the Preliminary Results and the Previous Period's Results.
The Reporting Pack documents the reports produced by all versions of the simulation. (Our design approach means that it is very easy to change these reports to reflect those your company/industry uses, training needs and business issues.)
Using the Simulator provides, for the trainer (and computer support staff), information about installing the simulation and the use of the software.
Running the Simulation provides, for the trainer, information about running the simulation.
Briefing is a MS Power Point briefing explaining the simulation to the participants. (You may find it useful if you review this before reading the briefs.)
Specimen Results are provided in Adobe PDF format and illustrate output from the simulation thus:
Preliminary Results are those produced and printed seconds after the period is simulated. They provide information for the teams to work on while their full results are prepared.
Standard Results are the detailed results showing a team's business results. The results shown here are the results produced for all periods for the Classic or Assessment versions of the simulation and for the first period of the Progressive version of the simulation.
Business Research is the report provided to teams showing their relative positions in terms of the marketplace and financial results.
Tutor's Audit provides comparative highlights of team results to the tutor to allow he or she identify which teams need coaching and which need challenging.
Team Commentaries provides on an individual team basis additional reports analysing their business performance and lists strengths and weaknesses.
Reconciliations are provided to help the trainer answer questions about how results were calculated. Thus, if a team asks how a result was calculated the trainer can select and print the appropriate report.
|UK Versions||US Versions|
|Using the Simulator|
|Running the Simulation|
This is provided to allow you to download an evaluation version of the simulation.
The table below shows the files to download, their description and size. You should copy them to a folder, a USB Flash Drive or even to floppy discs! Run setup.exe. The program will then install.
Note: When downloading the setup.lst file you must right click and then select Save As. (If you left click the file will open - this is a feature of Windows XP, Vista, Windows 7 and Windows 8.)
If, instead of installing from the Web, you are installing from the CD-ROM version of this resource you can install directly by clicking setup.exe and opening the file.
|setup.exe||Installation Program||137 Kbytes|
|Setup.lst||Installation Data||6 Kbytes|
|Exechal.cab||Simulator Files||2,359 Kbytes|
Most recent update: 10/04/15
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