Ökonomikus Finance
A business simulation to make and understand simple financial and business decisions.
Initial Situation
Participants have the opportunity to
• apply and deepen their understanding of basic business management principles,
• directly understand how operational decisions affect the financial situation,
• compare results directly with other teams and understand the differences between effective and less effective decisions.
The Game
Understanding the interplay of operational decisions and the resulting financial consequences is the basis for economic success. In the short term, liquidity management plays a central role. In ÖKONOMIKUS™ finance, companies are in competition with other companies and must operate successfully over several rounds in order to survive in the market. In this context, it is important not only to strive for economic success, but also to have cash flow under control and to create financial leeway thanks to forward-looking planning. Based on forecasts of the development of the economic environment as well as the assessment of competitors' strategies, decisions are made in the areas of product, service, sales, communication and pricing policy, which have an influence on attractiveness and ultimately on sales. The consequences of these decisions are immediately visible in the income statement and balance sheet, which are physically displayed on the board. By means of inputs as well as the actual case study, cash flow, liquidity planning and accounting basics are explained and experienced in a practical way and the results are compared with the other teams.
Target Group
ÖKONOMIKUS™ finance is especially suitable for such applications as:
• when the focus is on teaching the basics of cash flow, liquidity, success and accounting,
• when these key factors are not to be experienced and understood in isolation, but in the context of operational decisions and the resulting consequences,
• when the fundamentals are to be taught within a short period of time.
The Workshop
In the ÖKONOMIKUS™ finance simulation, companies compete with other companies in several rounds to hold their own in the market. The aim is not only to strive for economic success, but also to have cash flow under control and to create financial leeway through forward-looking planning.
The game is based on forecasts of economic development and the evaluation of competitors' strategies. This leads to decisions in areas such as product offering, service design, sales strategy, communication and pricing policy, which influence attractiveness and ultimately sales.
The immediate impact of these decisions is reflected in the income statement and balance sheet, which are physically mapped on the board. With the help of instructions as well as the practical case study, topics such as cash flow, liquidity planning and the basics of accounting are explained in an understandable way and made tangible. The results can be compared with the decisions of other teams to make the principles even more tangible.
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