1. The Tullis Russell Business Game

2. c Tullis Russell c

3. c Employee Ownership at Tullis Russell 1809 - founded 1985 - profit sharing share scheme 1993 - employees own 20% 1994 - employee buyout of family shares 1995 - employees own 52% 2005 - employees own 72%

4. c Business Game Consultation with employees Employees wanted better understanding of: – financial information – the business – company accounts – share ownership Business game designed to respond to these needs Developed in liaison with external consultant

5. c Business Game Practical Job related Quality focused Competitive Teamwork Fun

6. c Business Game Four “quarters” Teams of 10 employees Teams split into 2 sub-teams of 5 Each sub-team has: – 2 quarters as production operators – 2 quarters as accountants Profit and cashflow measured Profit used to determine number of shares accumulated each period

7. c Business Game Profit earned determined – Share price – Shares earned – Bonus for achieving forecast Wealth Created determined winning team

8. c Business Game All employees participated Machines were taken round the country Facilitated by experts Production Financial Share councillors Overall project facilitator

9. c

10. c Business Game What did we Learn? – Importance of teamwork – Understanding of employees role – Understanding of main business drivers Quality Cost appreciation Forecasting and decision making

11. c Business Game Relationship between performance and share value Relationship between share value and individual wealth

12. c Business Game Look for different ways Relevant to company activity New Business Game – Computer based – Teams – All areas of the business – Real issues

13. c Business Game Business can be fun as well as rewarding if you get it right!!