Financial Awareness Business Simulation: One Day

“Outstanding! In one day you get insights that normally demand a lot of experience”

The input of individuals from all areas of an organisation, is increasingly impacting on the operational and strategic success of any business. Understanding these dynamics is a must. Initiativez Business Simulation – BalInCa™

The Financial Awareness – Balinca™- is a sophisticate simulation that builds essential financial fundamentals for every business professional, irrespective of their background or area of expertise.

History of Balinca

BalInCa™ was developed by a Belgian organisation that applied almost 50 years of industry experience and rexpertise to create an engaging and impactful learning experience. Its proven track record has enabled some of the most well renowned international organisations,   such as General Electric to continuously put their teams through BalInCa™ to ensure teams are aligned with the financial goals of the organisation.

“Financial figures become suddenly meaningful”

Balinca is the starting point to necessary financial awareness for entrepreneurs, employees and managers. Having financial awareness will impact you and ultimately the company in many ways….

BalInCa teaches you how to:

• Evaluate key investment decisions and their impact on the bottom line.
• Master creating and interpreting the Balance Sheet and Income Statement & Cash-flow Statement and see how they are interlinked
• Simplify accounting principles, financial analysis and investment analysis
• Improve the use of financial resources and enhance cash flow
• Understand and how key performance indicators measure the success of the company and how these strategic decisions impact these indicators
• Demystify financial jargon
• Recognise the impact of intangible inputs such as marketing, customer service and market research and how they align with growth and strategy

Key Takeaways:

• Changing the financial monologue into a dialogue
• The importance of different financial ratios
• The effect of good inter-departmental communication
• Understanding and experience the different parts of an annual report
• How to complete an income statement and a balance sheet and see how they relate to business.
• Improving the use of your resources and increase the cash flow.
• Recognising how key indicators measure the success of a company and how your actions can influence them.

BalInCa is ideal for people who:

• Want to understand an annual report, key indicators
• Are in sales, marketing or operations but want to understand the impact of business unit on the overall performance of the company
• Are non-financial professionals who wanta to quickly acquire financial and economic knowledge.
• Have direct line budget responsibility
• Are managers who would like to better understand the bigger picture and see the impact of your decisions
• Are a business owner or an entrepreneur who wishes market share

In order to optimise the learning experience we encourage organisations to enrol participants froma cross section of their organisation. This enhances teamwork, inter-departmental collaboration, which creates synergies and promotes understanding of different functional perspectives.

Organisation Benefits

• Transforming specialists into versatile business professionals capable of understanding the company-wide impact of their day to day decisions
• Improved organisational health as a result of the  ability to make strategic decisions based on an understanding of the link between operations and finance
• Motivated, energised and capable pool of future  leaders.

“It was fun to play with figures and see the impact of management decisions on balance sheets and financial indicators”

Meet the course facilitators

Iele Steen

Graduating with a Masters in Law, Lele began her career practicing in London. Her move to Mexico and Singapore led her towards taking a position as a University Trainee in an international bank, and it was from there that her desire to make finance understandable and useful for all, truly began.

Further exploration of educational gaming and business simulation, supported her creation of BalInCa™, a business simulation that reveals the story behind the figures to finance and non-finance professionals alike. Iele’s ‘North Star’ is to show how every part of a business contributes and creates value to the financial health of the company and it is for this reason that she has successfully consulted and trained all over the world to some of the largest global organizations such as Oracle, Cisco, Apple, Nokia and GE.

Lele’s depth of expertise, invigorating delivery style and ability to speak English, Dutch, French or German, has enabled her to be widely recognized as a world-class and sought-after facilitator.

Katrien Vangheluwe

Born in Zaire, Katrien’s initial interest in the sciences supported her goal of graduating as an industrial chemical engineer from the University of Kortrijk (Belgium). In various sales and business development roles, she worked for European organizations that specialized in technical equipment and advanced technology.

Taking the plunge into entrepreneurship, Katrien successfully opened and operated her own restaurant, building her business into a well-known, regional establishment. Equipped with first-hand experience, Katrien was attracted to helping others with business understanding and knowledge and it was in 1995 that she became involved in business simulations and their direct impact on teaching others the relationship between finance and strategic decisions.

With the ability to converse in English, Dutch, French and German, Katrien has been involved in the development and facilitation of simulations since 2001 and continues to impart her acute listening skills and extensive business knowledge to help others.

Workshop Details

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