In this simulation, you will need to prepare a presentation for potential investors. Your aim is to convince investors, who would help you accomplish your goals.
In this module the emphasis is on managing employees.
During the project management module, the following topics will be covered:
Hiring employees: how to choose the right candidates for the positions?
Managerial skills: what does situative leadership mean, and why is it important?
How to manage personnel-related challenges?
Managing project deadlines and project challenges
Your product idea in this simulation is an online market in which an angel investor has already seen potential, and invested 250.000 EUR to finance the operation of the initial period. The company is already registered, and different functional divisions are in place to start working, so you have back-office colleagues to handle financial reporting, HR reports and business consulting.
Creators of GetTicket developed a business concept on how to efficiently manage sports events' tickets secondary markets, because in team sports, fans already buy the tickets for the quarterfinals, semi-finals, and finals, but the results are not always as expected, so sometimes the fans don't have tickets for the right match. Many people miss their home team's games, while at the same time visitors don't show up.
GetTicket would like to solve this issue by creating an online market for selling and exchanging the entrance tickets of sports events.
A preliminary evaluation showed that you will need a significantly higher amount of capital to establish the company and develop the application, that's why you need to prepare for an investment presentation with your virtual company. During this presentation, you will need to convince investors. Everything depends on this presentation! Fortunately, you have enough time to prepare for it. Keep in mind, that the presentation is due at the end of the last month, so even if you finish the projects before that, you cannot do the presentation before its scheduled date.
In order to convince a serious investor, you will need to prepare multiple background studies in the form of 8 projects.
You already hired two colleagues, who have started the work. It is obvious that two persons will not be enough to complete the project until the deadline, so you need to hire new colleagues. You should especially strengthen your team in the fields of IT, marketing and design.During the year you need to decide who works on which projects.
During the preparations for the investment presentation, your employees should complete the following projects.
Negotiations with partners
Business model development
Product image & marketing plan
Business plan preparation
Design of planned operational processes
Preparation of the presentation
One employee can work on multiple projects simultaneously.
After setting up your project team, you will have approximately one year to find the answers to every technical, market-related and financial questions.
Based on preliminary calculations, you will need about 5-6 people to complete all the tasks. Determining the exact number of your stuff is up to you.
During the year you may not be able to hire new employees, you should consider this as well.
As the leader of a project team, you will certainly need to manage emerging conflicts, challenges and problems. You will have the opportunity to motivate, encourage and train employees, and also to reorganize certain tasks and projects - if necessary.
This version was prepared in association with H.art. You start the simulation in the 6th period and throughout the module, you will be tasked with several decisions, one of which is delegating employees. Currently, you have four employees that have already started the work.
Welcome to the Leadership Simulation created by H.art Development Center!
We hope our simulation will help you gain knowledge and develop your leadership skills.
Some of the topics in this module are: What is situational leadership? How to delegate tasks? How to manage conflicts and interpersonal relationships? How to motivate and develop our people? How to set goals and manage performance?
You will need 4 to 6 hours to go through this simulation, however, our recommendation is to split it into two to three segments. You can pause the simulation at any time and continue where you left off whenever you’re ready.
Also, you can use our Knowledge Base full of educational videos and textual materials to help you learn in a more effective way. Your results will be evaluated in two ways: through results of the simulation, as well as the results of the final quiz.
Your company is named Get Ticket. You have created a business concept for managing the secondary ticket market for major sporting events. An investor has decided to support your business with an initial investment, but a preliminary assessment has shown that you will need significantly more resources.
You have decided to direct all existing resources to a one-year project during which you want to form a project team that will attract more investors. You have already prepared a portfolio for projects that need to be done and formed a team of 4 people to work on these projects. At this moment, the team is entering the 6th month of their work on the projects, and they still have 7 more months until the final deadline. Their goal is to prepare a presentation for the potential investors in order to convince them that it is smart to invest in your idea. In order to create an effective presentation, they need to finish 8 projects: from market research, through prototype preparation to business plan creation. Each of these projects requires a specific set of skills in order to be successfully implemented.
At this point, the employees are late with the defined project completion plan. In addition, you have a problem with quality on one of the projects. You need to overcome these obstacles.
The presentation for the investors will certainly happen, but its success will depend on the effectiveness of your employees.
Of course, the key to your success will be how you manage your employees.