Journal ArticleDOI
Finance training can be fun and effective
TLDR
In this article, the authors describe how physical, board-based simulations can be used to give a learning experience of finance and business in an effective and time efficient way, and explain the problems of finance training, explains the means by which a good simulation overcomes these problems and shows how small performance differences can make a significant impact.Abstract:
Purpose – This paper's purpose is to address the fact that many intelligent and experienced managers in industry do not really understand about business finance, how profits are generated and what they can do to improve them. This paper shows how the traditional perception problems of dryness, difficulty and irrelevance of finance training can be overcome. Furthermore the paper covers how managers can create action plans within their own areas of interest to have an impact on the company performance.Design/methodology/approach – This paper describes how physical, board‐based simulations can be used to give a learning experience of finance and business in an effective and time efficient way. The paper lists the problems of finance training, explains the means by which a good simulation overcomes these problems, and shows how small performance differences can make a.significant impact.Findings – The post‐training research shows that participants find the experience of finance in a simulation to be very effe...read more
Citations
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Journal ArticleDOI
Business simulation exercises in small business management education: using principles and ideas from action learning
TL;DR: This paper discusses how business simulation exercises can be used as a platform to trigger students’ learning by providing them with a platform where they can merge theory with practice.
Dissertation
The Influence of Employee of Contextual Factors on Training Effectiveness of Technical Employees at Silterra Malaysia Sdn. Bhd
TL;DR: In this paper, the authors identified the contextual factors that affect the Yield Management (YM) training program for technical staff of Silterra Malaysia Sdn. Bhd (Silterra).
Strategies for financing real estate development in Ghana
TL;DR: A Thesis submitted to the Department of Building Technology, Kwame Nkrumah University of Science and Technology (KU-SST) in partial fulfilment of the requirements for the degree of Master of Philosophy, June-2012.
Finance for non-financial construction managers: empirical analysis of financial variables that influence acquisition decision-making process
E. Badu,T. Adjei-Kumi +1 more
Abstract: The ability of managers to assimilate financial data, integrate financial and accounting data into business operations and make informed financing decisions depend largely on the level of their financial proficiency. Construction managers with no proficiency in basic financial concepts in relation to business financing decision-making process are not able to create value for their firm. The paper identified the basic financial variables that affect corporate financing decision-making and examined the level of manager’s financial proficiency in context of applications and the significance in the overall corporate financing decision-making process. Criteria such as ability to interpret financial information and ability to analyse financial data were found to be the most important factors necessary. The contribution of the paper is the presentation of operations directions about the ways construction managers can create action plans to improve their financial decisions through a deeper understanding and application of the financial variables.