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Business Simulations

Business Simulations are a very effective tool in developing business management skills. They enable professional to develop their skills while at the same time being fun, realistic, challenging and competitive.

Just like they are used in the airline industry to develop and finetune the core capabilities of pilots, in the same way, they can be used to develop the capabilities required within the corporate environment.

 

They can be used as

 

  • A learning tool for developing corporate management skills
  • An assessment tool for internal promotions
  • An assessment tool for recruiting
  • A motivational & re-energising teambuilding tool at corporate events

 

Their objective is to give managers an overall understanding of the areas they need to consider when managing a department or business unit. Managers need to understand that in order to be successful, they must have the ability to take decisions having in mind the effects on the whole organization. Strategy can be developed and implemented in a near realistic environment giving the opportunity to managers to try things out without the danger of causing real damage to their actual company.

The higher levels of interactivity and engagement provide a learning environment where participants quickly get absorbed in the learning and immediately put this into practice. Participants leave the simulation with an enhanced capability and the desire to apply this into the workplace to achieve greater results for the organisation.

 

Some learning messages

  • Managers should work together as one team, not separate departments
  • Each Head of Department should act as a mini-CEO of the whole company
  • Consider the impact of your decisions on the whole company
  • Consider the effect of internal decisions on Customers and the market
  • The importance of keep control of the financials.

 

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Knowledge and practical application of the International Financial Reporting Standards (IFRSs) are a must. IFRSs have become the world’s most widely applied accounting standards and their application can have far reaching effects in a variety of business transactions.

Every manager should have a basic understanding of financial management so he or she can take informed decisions. A good understanding of Financial Statements and their analysis techniques enables organisations to have a clear picture of their financial structure and based on that, take informed decisions about their future strategic moves.

Executives need to be aware of their role in respect of corporate governance.

Companies need to protect themselves against fraud (internal and external) through applying vigorous internal auditing. They should also comply with all international anti-money laundering laws and need to demonstrate that all employees have received the respective training in relation to those AML measures.

 

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The Springboard Women’s Development Programme enables women to identify the clear, practical and realistic steps that they want to take to make a better world for themselves at work and home, whilst building the practical skills and confidence to take these steps.

This award winning and internationally acclaimed programme is now offered in 40 countries with more than 240,000 women having benefited from
attending so far. It is the creation of the Springboard Consultancy of the UK, one of the leading women’s development organisations internationally www.springboardconsultancy.com

Its success is due to its structured practical approach that delivers real results for both participants and employers. Women who have attended have described it as a “life changer” as it has enabled them to achieve work and life ambitions that they never thought possible. Employers have said that after attending the programme their women employees have shown increased levels of performance, react more positively to change and are more willing to take on responsibility.

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Overview

Today’s business environment is like an ocean. Sometimes calm and safe but more often, full of challenges that organisations have to skilfully deal with or navigate around.

Management teams are put to the test every day; they are presented with challenges, external as well as internal. How they handle these challenges, will determine whether the organisation sinks or swims or even wins the race.

Our aim at DanatCon is to provide our clients with the support and tools they need to navigate these challenging waters and why not win the race. Business & People management methodologies are constantly changing and improving. What worked yesterday may not work today, and will probably not work tomorrow. For example, managing today’s young generation requires a very different skillset and behaviour than previously.

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Contact Details

DanatCon HR Ltd

Address: P.O.Box 27672

              2432 Engomi

              Cyprus

Email: office@danatcon.com

Phone: +357 22 355 331

http://www.danatcon.com