This is a wonderful opportunity for high- and mid-level managers, as well as risk management specialists and students, to see the real-life benefits of risk management when making executive decisions.
A large company is considering an opportunity to obtain a majority share in a start-up called PLAN4U. You have to make important executive decisions, weighing up the strategic, financial and operational risks involved. The outcome of the game will depend on the quality of your teamwork and risk analysis.
- The winning team is the one that successfully completes a merger, having mitigated the risks involved for both sides.
- Each game participant has a defined role. Everyone has their own hidden agenda and interest associated with the success or failure of the merger between PLAN4U and the media holding company.
- Each round teams will have to make decisions about risk identification, analysis and mitigation.
- The eventual cost of obtaining the company and thus the extent of your success will depend on the effectiveness of your team’s risk management.
The aim of the game is to increase the value of your company by properly weighing up risks and making balanced investment decisions. The winning team is the one which manages to increase their company’s value the most after 4 rounds.
- All participants are split up into teams of 10 people.
- Each team member receives a playing card on which they’ll find their role (general manager, risk manager, auditor, CFO, etc.)
- Teams must choose the name of their company and an industry sector from a choice of 4.
- The game consists of 4 rounds, in each of which teams must make difficult investment decisions.
- Each decision carries a cost and a number of possible outcomes.
- Teams must analyze and describe the risks involved in each decision they make.
- At the end of each round, the computer picks an outcome on the basis of a mathematical model.
You can buy the whole game set, including playing cards, as well as the rules and models for playing the game independently or order one of our facilitated sessions.
The set contains:
- Playing cards (50 cards, enough for 5 teams of 10)
- Instructions for the facilitator
- Presentation for showing during the game
- Points sheets
- Financial models (MS Excel) to help run the game and calculate risk scenarios.