Global CEO Programme - Day 1
Due Diligence Tour
This session includes a tour of the company used in the simulation. The professor will guide participants through a virtual tour of the factory and introduce key employees in the simulation.
During the due diligence tour the professor will give a series of tips about management styles prevailing in the company that are both productive and counter-productive. The professor will also give a number of scenarios that will help contextualize the company and its settings
Negotiations to Acquire the Company
This role-play could be with external role-players who simulate engagements with lawyers, sellers, and bankers to acquire the company, or where participants can role-play for each other. There are advantages to both approaches. There is a greater sense of reality with purely external role-players, plus their feedback after the negotiations can be very helpful to participants’ learning. When participants role-play for each other they experience both sides of the negotiation.
The metaphor of acquiring the company is convenient for several reasons. Firstly, it gives an entry point for the simulation. Secondly, presuming that the participants are members of the management team would be complicated as the details of the simulation will be new to them. Additionally, being a new management team poses unique challenges.
Team Diagnostic and Definition
Before the start of the simulation, team members self-determine their roles (or if the client prefers, the roles can be assigned to participants). After the negotiations, all participants will complete a worksheet that helps them determine if the roles to which they are currently assigned are optimal for them and the team. Team members can then decide whether to change any of the roles or keep them as currently allocated.
Union and Employee Management
Throughout the simulation, participants will engage with the unions and employees through email correspondences, as well as meetings with the professor. The team will need to decide on how to engage with unions, employees, and the professor as well as email responses.