Business simulation is a technique for developing, testing, and evaluating business strategies in a virtual environment. With the latest computer technology, state of-the-art business simulations can manage hundreds of variables simultaneously and provide tremendous realism. It will provide the attendees a realistic and enjoyable learning experience and benefit with understanding the cross-functional relationships among various management functions, honing operative and strategic decision-making skills under constraints of time, finances and information.
Understanding the financial implications of the decisions taken, and the importance of team work under trying business situations and above all gets a synoptic view of a company's operations and experience the thrill of running a company in a competitive environment, developing business acumen through business simulation.
MDP 2021 Dates
28th - 29th January, 2022
The concept stands for 'Learning by Doing', a pure experiential mode. Like a flight or plant simulator, a participant here is better geared up towards making smarter decisions under stressful circumstances, managing time and resources. Participants adopt entrepreneurial approach that hones visioning, functional coordination and strategic thinking to implement/revise course of action and experience a transition from a functional leader to a strategy specialist at all levels.
This program is designed for all level of professionals who are looking at rising up the leadership ladder towards more accountable positions.
Upon the successful completion of the programme, participants will be conferred a Management Development Programme Certificate awarded by All India Management Association.
Session 1 (2 hours)
1. Introduction of Business Simulation and its takeaways
2. Introduction of business case study
3. Understanding of financial statements and other analytical reports
4. Rules of the simulation case study and its impact on Financial reports
Session 2 (1.5 hours)
1. Discussion on Trial round challenges
2. Building of excel models for product costing
3. Trial round decision making and submission
Session 3 (1.5 hours)
1. Analysis of Trial round results and competition
2. Financial ratio analysis
3. Discussion on new issues in quarter 1
4. Cost Benefit Analysis of projects choices using MS Excel
Session 4 (1.5 hours)
1. Quarter 1 Decision making & submission
2. Contractual Tender bid submission Analysis
3. Make or Buy decisions
4. Results and competition Analysis of quarter 1
Session 1 (2 hours)
1. Discussion on Q2 challenges
2. New product launching cost benefit analysis
3. Non- Financial factors influencing business decision
4. Selection of new vendor option
5. Financial & Competition Analysis after Q2 reports
Session 2 (1.5 hours)
1. Discussion on Q3 challenges
2. Cost Benefit analysis of New Technology using excel modeling
3. Factors involved in choosing the branding options
4. Analysis of expansion options through retail stores
5. Decision on adding new product
6. Financial & Competition Analysis after Q3 reports
Session 3 (1.5 hours)
1. Discussions on Q4 challenges
2. Inventory management
3. Company Acquisition decisions- cost benefit analysis
4. Disbandment of existing Plant decision
5. Financial & Competition Analysis after Q4 reports
Session 4 (1.5 hours)
1. Discussion on Q5 Challenges
2. Factors involved in bidding for contractual demand
3. Final Analysis and Debriefing
A team of maximum 2-3 members from different functional areas can be nominated by the Corporate and Institutional faculty. Multiple teams can also be nominated.
| No. of Team | AIMA/LMA MEMBERS (Per Team) | NON-MEMBERS (Per Team) |
|---|---|---|
| 1 Team | Rs. 20,000 | Rs. 22,000 |
| 2 – 5 Team | Rs. 18,000 | Rs. 20,000 |
| 6 Teams & Above | Rs. 15,000 | Rs. 18,000 |
GSTIN No. - 07AAATA1644A1ZH PAN No. - AAATA 1644 A
Ravi Jangra, Deputy Director
Mobile - 9811811231, Email- rjangra@aima.in
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