In this clip, an Income/Outcome business simulation game helps savvy Gen Ys learn business finance. There are no hidden dynamics in our board-game simulation. Every action is visible, every decision can be tracked, and every effect has a demonstrable … Read More
Maybe a one-size-fits-all simulation will meet your specific training needs. But if you are looking for multiple simulations for multiple audiences, make sure the simulations share a common ‘look and feel’ (among other things discussed in this series of articles). … Read More
Some time ago I heard a client talking, 5 years after the fact, about how her team should have won in a the Income/Outcome business simulation. It got me thinking about healthy competition in a business strategy game… and about … Read More
This is one of my posts in a series telling about ways a business acumen simulation can go wrong. Near the top of the list is training that involves individuals being isolated — and here’s why. A team-based simulation is … Read More
In this Gotchas Series I’m writing about the top 12 ways a business acumen simulation can go wrong. Near the top of the list is excessive navel gazing — here’s why. Encourage buy-in and critical thinking You want to create … Read More
As I mentioned in my last post in this Gotchas Series, there are at least 12 ways a business acumen simulation can go wrong. At the top of the list is closed decision making — and here’s why. Especially if … Read More
In my last post in this Gotchas Series I wrote that you might be surprised at how ineffective business simulations can be. Now I’m going to show you what I mean. There are at least 12 ways a business acumen … Read More
Choose the right training and you’re the hero… When you invest in business acumen training, you need employees to come away having internalized finance concepts and the relationship between parts of the business. When that happens, they can make better … Read More
An Open Letter to MBA and EMBA Faculty and Administrators: Your students make a significant financial investment to attend your program. But even more importantly, they are investing their time during the most crucial point of their careers. They want … Read More
At Andromeda Training, we suspect the Statement of Cash Flow is unnecessary. Traditionally, it has been a useful tool for understanding cash flow. If all you have are columns of numbers from the Income Statement and Balance Sheet, then a … Read More