Step into the shoes of ASEAN countries competing to create one unified currency. Teams gather secret intelligence, trade resources, and negotiate deals to gain the highest coin value. Surprising alliances and shifting dynamics test strategy and trust, revealing how healthy competition and collaboration can drive teamwork and real results.
- Program Designer: Team Building Asia
Asean Single Currency
Teams become ASEAN nations, trading, negotiating, and forming secret alliances to develop a single regional currency. This high-energy activity combines competition and collaboration, sharpening strategic thinking and deal-making skills. Participants leave with a stronger grasp of teamwork, adaptability, and how to balance rivalry and partnership for shared success.
Format:
- In Person Virtual: In-Person Indoor
Duration :
- Duration: 1.5 Hours, 2 Hours, 2.5 Hours
Description
Learning Outcomes
Participants develop key negotiation skills and strategic planning through lively trading with other teams. They experience change management first-hand, navigating the emotional journey from resistance to commitment. Each deal tests adaptability and decision-making under pressure, while shifting alliances reveal the balance between competition and collaboration. The debrief highlights how both rivalry and cooperation boost results, showing that blending these forces can build stronger teams. This activity uncovers hidden talents, encourages open communication, and promotes collective ownership of outcomes. Teams walk away with practical experience in managing change, reading situations, and leveraging teamwork for win-win outcomes, ready to apply these lessons back at work.
Quick Summary
| Team Building Type | Indoor Team Building, Leadership Development, Onboarding Teams |
|---|---|
| Outcomes | Building Trust, Cross Function Collaboration, Dealing with Change, Embracing Diversity & Inclusion, Leadership Skills, Negotiation Skills |
| Duration | 1.5 Hours, 2 Hours, 2.5 Hours |
| In-Person/Virtual | In-Person Indoor |
| Program Designer | Team Building Asia |
| Group Size | 10-25, 26-50, 51-150, 151-250 |
"Team Building Asia were successful in being able to meet our specific needs and I was strongly impressed with the Asean Single Currency program they delivered for us and continue to support us with to bring the theme change to organisation." Altus Group, Asean Single Currency
Frequently Asked Questions
ASEAN Single Currency
1. What is ASEAN Single Currency?
ASEAN Single Currency is a business simulation team building programme where participants experience the challenges of introducing a shared regional currency across Southeast Asia. Working in teams, participants negotiate, make strategic decisions, manage resources, and collaborate to balance national interests with regional success. The programme provides an engaging way to explore economics, leadership, and teamwork through experiential learning.
2. Do participants need knowledge of economics or finance?
No. ASEAN Single Currency is designed for participants from all backgrounds. The simulation focuses on collaboration, communication, negotiation, and strategic thinking rather than technical financial expertise. Facilitators guide teams throughout the experience, ensuring everyone can contribute regardless of their experience with economics.
3. How does ASEAN Single Currency work?
Participants represent different ASEAN member states, each with unique priorities and challenges. Throughout the simulation, teams negotiate, form alliances, manage resources, and make decisions that influence both their own outcomes and the wider regional economy. Success depends on balancing competition with cooperation while adapting to changing circumstances.
4. What skills does ASEAN Single Currency help develop?
The programme strengthens a wide range of workplace skills, including:
- Strategic thinking
- Negotiation
- Communication
- Collaboration
- Decision-making
- Leadership
- Problem-solving
- Stakeholder management
- Adaptability
Participants also gain valuable experience balancing individual objectives with collective success.
5. Who is ASEAN Single Currency suitable for?
ASEAN Single Currency is ideal for leadership teams, management groups, multinational organisations, financial institutions, government agencies, graduate programmes, conferences, and organisations looking to strengthen strategic thinking and cross-functional collaboration.
6. How long does the ASEAN Single Currency programme last?
The programme is available in flexible formats to suit conferences, leadership workshops, and corporate events. Team Building Asia can recommend the most appropriate duration based on your objectives, agenda, and group size.
7. Is ASEAN Single Currency suitable for large groups?
Yes. The programme can be delivered for both small teams and large corporate events. Participants work in smaller groups while contributing to a broader simulation, making it highly scalable for conferences and organisation-wide learning experiences.
8. Is ASEAN Single Currency an indoor team building activity?
Yes. ASEAN Single Currency is delivered as an indoor experiential learning programme, making it suitable for conference venues, hotels, meeting rooms, and corporate offices.
9. What makes ASEAN Single Currency different from traditional business simulations?
Unlike traditional business simulations that focus solely on financial performance, ASEAN Single Currency places equal emphasis on collaboration, negotiation, communication, and managing competing priorities. Participants experience how collective decision-making affects broader organisational or regional outcomes, making the learning highly relevant to today's interconnected workplace.
10. Does the programme encourage competition or collaboration?
Both. Teams initially pursue their own objectives while negotiating with other participants, but long-term success depends on cooperation, trust, and finding solutions that benefit the wider group. This balance mirrors many real-world business environments where organisations must compete while also building strategic partnerships.
11. Is ASEAN Single Currency suitable for leadership development?
Yes. The programme naturally develops leadership by requiring participants to analyse complex situations, negotiate effectively, influence stakeholders, make decisions under pressure, and guide their teams through uncertainty. These experiences strengthen practical leadership skills in a highly engaging setting.
12. Can ASEAN Single Currency be customised for our organisation?
Yes. Team Building Asia can tailor the programme to align with your organisation's learning objectives, industry, leadership themes, or conference agenda. Facilitators can also incorporate specific business messages to maximise relevance and impact.
13. What business challenges can ASEAN Single Currency help address?
ASEAN Single Currency supports organisations looking to:
- Improve strategic decision-making
- Strengthen cross-functional collaboration
- Develop negotiation and influencing skills
- Enhance communication across teams
- Build stakeholder management capabilities
- Encourage systems thinking
- Increase organisational agility during change
The simulation helps participants understand how individual decisions influence wider organisational outcomes.