Strike it Rich! 1-4 team version | Conference Activity

**NEW ACTIVITY FOR 2020** This exciting activity is all about making risky decisions and assessing ROI when you are uncertain or don't have all the data. Just like at work!

Learning Objectives

  • How to assess risk
  • Handling complex data
  • Assessing return on investment
  • Lateral thinking skills
  • Attention to detail
  • Calculating costs and profits
  • Business acumen
  • 5-10 team version also available here
  • 11-26 team version also available here
  • Participants

    3-24 (up to 4 teams of 3-6 per team)

  • Timing

    1.5 hours + debrief

  • Uses a computer?

    Yes - 1 PC required (printer optional)

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  • World delivery

    (1-5 working days)

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The Activity

Teams are trying to locate a precious mineral – rubinium. They have a map and some geological data, but a lot of information has been lost and teams must piece together the few clues that exist.

If all else fails they can purchase answers, but this adds to their investment cost and can lower their rate of return!

Having located the reserves of rubinium teams must pick a plot of land, bid for it at auction and if successful, establish a mine. The cost of the plot along with the cost of establishing a mine represents their investment in the project, so they must be careful not to overbid at this stage!

Once they have secured their plot and mine, teams calculate all costs and work out the return on their investment for Year 1. This depends on a number of factors – how much rubinium they can extract – not all the reserves are easy to get at, the extraction and transportation costs, the risk of natural events such as flooding and earthquakes and the price they can get for their rubinium.

It's a risky business! To succeed teams must demonstrate clear thinking, a bit of creativity, accurate calculations and efficient teamwork. Are your teams up for the challenge?!

Trainer's Role

  • Introduce the activity.
  • Divide the group into teams. Issue each team with a copy of the Team Folder. The folders have all the details teams need including a map of the area.
  • Teams have 70 minutes to study the folder, and plan a strategy. During this time, they may come to you to request answers to the clues. Use the Trainer’s reference Form to keep track of their requests and give answers (if necessary). The amounts they spend are added later to their overall investment.
  • After 70 minutes there is an auction at which plots of land are sold. There is a minimum reserve price for each plot, but no maximum. There are 26 plots that have reserves of rubinium.Hopefully teams will have worked this out and will not bid for plots without the mineral!
  • Hold the auction and continue until each team has obtained a single plot and note the price each plot was sold for.
  • When the auction is over, teams work out their profits and returns.
  • After 10-15 minutes call a halt and ask each team to read out their return on investment. List these on a flipchart or whiteboard. Announce the winner.
  • Lead a debrief referring to guidance supplied in the Trainer's Notes to discuss how teams approached the task including whether they were able to get to the nub of the issue, identify the key 'levers' and use their knowledge to make rational decisions.

Pack Contents

  • Trainer's Notes
  • PowerPoint
  • Team Folders
  • Trainer's Auction Form
  • Trainer's Reference Form

Discovering Northgate Activities has really enriched our delegates' learning.

Jane Sendall, VP Learning & Organisation Development, EMEA and Asia Pacific, Warner Bros

Northgate activities are very reflective and boost the creativity of the students, while at the same time helping them to learn how to apply theory into practice.

Dr Evangelos Kitsos, Senior Teaching Fellow, University of Warwick

Northgate activities have been a great time-saver in cutting down the amount of time needed to create modules for each competency within our new management programme!

Amy Mellor, Learning Consultant, First Rate Exchange Services Ltd

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£395

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