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The Gym - Business Simulation
Duration: 4-6 hours + debrief
Participants: 6-24 (two to four teams of 3-6 per team)
Who: Staff at any level
PC required: Only one pc (or laptop) and printer required
Price:
£695.00
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As new owners of an ailing sport & leisure club are you prepared to make sweeping changes to turn the business round? This effective business simulation is a great test of business acumen.
From all the necessary data at your disposal, you learn about the ailing business - its falling membership, the state of the facilities, the weak management, the staff grumbles and declining profits. Something needs doing – and quickly!
Before considering all the business variables such as staff levels, prices, overheads, marketing spend etc you can obtain customer feedback and you can buy market research on competitors which will help you make good decisions. You can also add new facilities such as tennis courts, squash courts, a spa, a crèche, a golf course, but for each there are pros and cons. The Trainer acts as the Bank Manager with whom you can negotiate loans.
There are six, ’half-year’ rounds giving you and other teams ‘three years of business’ to make the club a success. Each period, you complete a Decision Form on key variables. The computer analyses these and prints your financial report. As well, each quarter there are staff problems and how you handle them has a knock-on effect on business! The key to success in this exciting business simulation is about listening to customers and innovation!
From all the necessary data at your disposal, you learn about the ailing business - its falling membership, the state of the facilities, the weak management, the staff grumbles and declining profits. Something needs doing – and quickly!
Before considering all the business variables such as staff levels, prices, overheads, marketing spend etc you can obtain customer feedback and you can buy market research on competitors which will help you make good decisions. You can also add new facilities such as tennis courts, squash courts, a spa, a crèche, a golf course, but for each there are pros and cons. The Trainer acts as the Bank Manager with whom you can negotiate loans.
There are six, ’half-year’ rounds giving you and other teams ‘three years of business’ to make the club a success. Each period, you complete a Decision Form on key variables. The computer analyses these and prints your financial report. As well, each quarter there are staff problems and how you handle them has a knock-on effect on business! The key to success in this exciting business simulation is about listening to customers and innovation!
- to assess the state of a business
- the value of listening to customers
- that innovation is crucial to any business
- to understand financial statements
- the value of knowing your competitors
- that informed decisions are best
- Introduce the activity using the PowerPoint.
- Issue Team Folders and allow 90 minutes for teams to study and discuss and complete their first Decision Form.
- Input each team’s decisions and print the financial results. Teams study results and complete a second Decision Form (25 minutes).
- Act as Bank Manager if loans are required. Guidance on how to do this is given.
- Repeat the Decision Form input for each period up to the sixth, final period.
- Conduct a Debrief and announce the winning team.
Comprehensive Trainer’s Notes makes this an easy activity to run.
S. Hunwick, Thomson FinancialUsed with technology managers as part of teamwork training, the best learning points included managing the time available, and listening skills. A fun way to get to work with your colleagues. The activity stimulates a lot of discussion, reasoning and negotiation. A great way to build a team! Very positive feedback from all the delegates.
Training Manager, AnonI used this activity with commercial technical underwriters (insurance sector). The best learning points were commercial & financial awareness; the need to 'be brave' and make sound decisions early on; that leadership doesn’t need to be assigned; and that everyone has the potential to display leadership skills.
An excellent, cost-effective business simulation that provides solid examples and learning points that can be built upon through a training event for leaders. The Gym was surprisingly easy to run and the learning points are easily identifiable, even technical underwriters had fun whilst learning!
Training Consultant, InRoads Inc USAA great business simulation - one of the best, real-world simulations I have ever used. It uses everyday business issues and has a huge emphasis on decision-making with multiple variables. The discussion around management, marketing and customer service is all very insightful. There is a need to work together and develop team cohesion and it sponsors great leadership and organization. Being able to see the financial impact of their decisions (from the computer printout) is very engaging for everyone - and it is fun!
G Neild, HR Dept, Burton Hospitals NHS Trust
Excellent for our purpose - to make NHS managers more commercial.
- Volkswagen Group
- John Lewis Partnership
- Napp Pharmaceuticals
- Monsoon Accessorize
- Norfolk & Waveney ES
- Dudley College Business School
- Center Parcs
- Pro Training UAE
- Stella Asia Pacific
- Lloyds TSB
- Trainer’s Guide
- Software & PowerPoint on CD-ROM
- Sets of Data-Cards
- Team folders each containing 14 pp of info… introduction / members’ fees / facilities / staff / marketing / your task / the winning team / refurbishment / outlook-1/outlook-2 / analysis of accounts / balance sheet explained /current profit & loss / current balance sheet
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