Friday, November 15, 2019

Financial Management Board Game Unveiled To Help Business Managers

The Small Business Development Center (SBDC)  has unveiled a financial
management board game to make managing businesses easier, the Centre has announced.

According to the centre, micro and small businesses are now being introduced to a simulation exercise in the form of the game dubbed  ‘The Mirco Business Game‘.

The Acting Director of SBDC, Roycelyn Howell, said it represents a new option in financial management.

“It is a most practical, realistic simulation of managing a business,” Howell asserted.

She explained that the game was introduced last year following the signing of a memorandum of understanding with the German Savings Bank for International Cooperation.

“It was really to encourage our micro and small businesses to look at and understand the management of their finances in a more practical and dynamic way,” the SBDC official explained.

She said the game is like any other board game, such as Monopoly.

“We actually arrange a board where we talk to our clients and help them to experience managing their business. So the game is set out in such a way that the persons managing this business have money – physical cash to handle and they are introduced to the game by understanding the available money and how they run that business – where the money is transferred to; how it is tracked and ultimately they have to make  decisions throughout that game.”

According to the SBDC official, the essential part of the game is that it allows the development of entrepreneurial skills, understanding customers and risk management.

The Small Business Development Center is running monthly sessions of the Micro Business
Game, and is encouraging persons to register.

1 COMMENT

Comments are closed.

TRENDING

Cop Say Criminals Taking ‘Their Game To A New Level’

In the aftermath of an early Wednesday morning armed robbery at Twist bar in Grand Riviere, Gros Islet, a senior police officer has asserted...

PM: SJH Construction One of The ‘Most Important Projects In History Of Saint Lucia’

Prime Minister Allen Chastanet has described the construction of St Jude Hospital (SJH) as one of the most important projects in the history of...

SLP Says No Decision Made On Gros Islet Candidate

Press Release:- The Gross Islet Constituency Group of the Saint Lucia Labour Party (SLP), is pleased with the interest and excitement being generated by persons...

Nicholas Pooran Banned For Ball-Tampering

Sky News:- West Indies batsman Nicholas Pooran has been banned for his country's next four Twenty20 matches after admitting to tampering with the ball. The Windies...