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Seminar details

Management business game


Business economics to touch

No. 1641 10.12.2012 -
11.12.2012
€ 880,00

All participants in the OPEX company simulation are managers of their small business teams and responsible for the entire company. The initial situation is the same for all companies, the same conditions, the same market. Every company has the possibility to influence its success through sales, purchasing, financing and production decisions. After an introduction, where the game supervisor provides the participants with the required business knowledge and basic information on the OPEX game, the new management boards analyse the initial situation of the competing OPEX companies. Afterwards, the game supervisor supports the teams in developing alternative corporate strategies based on the corporate and market data, which the teams then use to make concrete decisions. Taking the decisions of the other companies and the economic environmental variables into account, the OPEX game simulates the results the participants are provided with. The results are checked in terms of budget and actual figures and used for new decisions.

objectives

The OPEX management game is a computer-based simulation of a consumer goods market. The participants assume the role of the company managers and make decisions for their company: from production to marketing and financing. The aim is to train complex thinking with regard to business decisions, especially focusing on the consistency of the decisions. Since OPEX is based on the information about balances, profit and loss accounts as well as the internal accounting of the simulated company, the management game can also be used very well for practicing internal and external accounting.
 

Target audience executive personnel, non-merchants, specialists
Duration 2 days
Contents

Strategic planning
Development and operationalisation of a consistent corporate strategy

Purchasing and stock holding
Reducing the costs by determining optimal order quantities

Production
Reducing the production costs by deciding for multiple shifts, investments in machinery, overtime for the employees, finished products supplied by third parties, new or increased investment in quality assurance etc.

Research and development
Investment in the research lab and the employees to improve the products

Marketing
Matching the marketing expenditure to the overall strategy of the company

Financial accounting and controlling
Confirming decisions, which affect profit and loss account; including break-even analysis and other control tools in strategic and operative decision-making

Financing
Optimisation of financing by optimising the amount of bank and supplier liabilities

Seminar language
Methods , company simulation, group exercises, teaching conversations
Price € 880,00 (plus VAT)
further dates:

Seminar contents may vary depending on their date. Please click on the respective date to view detailed contents.

No. 1640 € 880,00

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