The “BOX” Simulation

THE REAL LIFE BUSINESS GAME:
ENTREPRENEURSHIP

IN THE FOLLOWING PAGES…
§  About Team Business
§  Our Programs
§  BOX – Teaching Entrepreneurship

www.teambusiness.com

ABOUT TEAM BUSINESS
§  World class educational institutions engage Team Business to offer hands-on, interactive
business simulations to students from high school through executive MBA audiences.

§  Through
the
experience
students
learn
financial
literacy,
business
literacy,
teamwork
and

communica:on
skills.

§  Students
learn
that
they
CAN
start
and
run
their
own
businesses,
learn
how
to
become

smarter
employees,
and
take
charge
of
their
financial
lives.

§  We
offer
a
range
of
business
simula:ons
for
varying
skill
levels
and
business
topics.

(BOX:
Entrepreneurship;
CAR:
Fundamentals
of
Business,
TEAM:
Team
Dynamics
and
Leadership,
and

Accoun:ng
Comes
Alive:
Accoun:ng
and
Financial
Literacy)

§  Thousands
of
students
have
experienced
our
programs
over
the
last
10
years
in
the

United
States,
Europe,
African
and
India.

“ You
teach
business
at
an
intellectual
and
emo:onal

level
faster
than

anyone
else
I
know.

”

Greg
Conderacci,
Good
Ground
Consul1ng


COMMON TEAM BUSINESS THEMES
§  Our clients incorporate us into their programs for
various applications:
§  A quick half or full day immersion program into understanding business
§  A method of accelerating the pace at which students get to know one
another, to jump start the rest of the program
§  A way to provide students from varying backgrounds with a common
experience from which to teach business lessons in greater depth
§  An experience from which to observe students behavior and to provide
them with a learning opportunity about themselves and their styles, in a
'safe' learning environment
§  A fun experience that keep students engaged for several hours without
technology, and takes a generation used to communicating strictly via
technology, to work as a team and to interact with one another


WE TEACH BUSINESS THROUGH HANDS-ON,
INTERACTIVE SIMULATIONS
§  Common to all our programs:
§  Business Education Programs
§  Instructor-led Business Simulations
§  Team Building Elements
§  Team-Based, 4-5 Member Teams
§  Extremely Competitive
§  Highly Engaging
§  Experiential & Shared Learning Methodology
§  Learn from Peers, Your Team and the Competition
§  Run by Team Business or Certify Your Own Trainers


OUR BUSINESS SIMULATION PROGRAMS
§  Teams run 'real,’ hands-on businesses in competition
with each other.

SIMULATION OUTCOME

1" Entrepreneurship

2 Fundamentals of Business

3 Team Building and Effectiveness

4 Accounting and Financial Analysis


WHAT STUDENTS GET
OUT OF THE BOX EXPERIENCE?
§  Understand, hands on, what it means to be an entrepreneur, to have a career
in business or to work in a corporation.
§  How to be successful working as a part of a team.
§  How you can’t be successful, unless you work with your team…
§  How important it is to communicate and listen to others…
§  That there is no one right answer in business…
§  How to read and complete an income statement…
§  More importantly… Why it’s important that more money comes in and less
money goes out.

Participants stay engaged for 4-8 hours, without digital technology.


THE PROCESS
§  Participants run businesses for 6 imaginary months, in one day,
with several stages and challenges.
§  Everyone participates in the management
and production of a product.
§  Challenges include:
§  Supply/Demand
§  Competitive Rivalry
§  Impact of Technology
§  Impact of Quality
§  Challenge of the Future


1 TEAMS RECEIVE A
BUSINESS CHALLENGE


2 THEY GO INTO A MANAGEMENT MEETING TO
STRATEGIZE AND MAKE DECISIONS


3 THEY THEN IDENTIFY THEIR KEY VALUE
AND COST DRIVERS…


4 THEY TURN THEIR BUSINESS PLAN INTO ACTION…
AGAINST THE CLOCK


5 EACH TEAM MARKETS THEIR VALUE
TO THEIR CUSTOMER…


6 THEY MEASURE AND ANALYZE THEIR BUSINESS
RESULTS ON INCOME AND CASH FLOW STATEMENTS


7 MOST CRITICALLY, THEY REFLECT ON WHAT
HAPPENED AND LEARN FROM THEIR MISTAKES
AND SUCCESSES


QUICK FACTS

§  The cornerstones of business – customer satisfaction, costs,
revenue, profit
§  The impact of technology
§  The challenge of reduced demand
§  The role of quality
Key Concepts §  The role of advertising
§  The concept of adding value
§  The affordability of staff
§  The dynamics of market forces and pricing
§  The impact of interest and tax on profit
§  The value chain – suppliers, inputs, processes, outputs, customers

Workshop Size §  4-5 member teams; 16-30 participants
& Audience §  Students in any specialization (business, science etc)

Time §  6-8 hours. Can be run in 1 full day or 2 half-day sessions


THANK YOU

For further discussions, or to contact Team Business,
call Lara Azzam at 301.537.8980
Or e-mail: lara@teambusiness.com


The “BOX” Simulation

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