World Vision New Zealand’s team, including members from the finance, marketing, and partnerships/fundraising departments, recently beta-tested our online business simulation workshop. This was accompanied by pre- and post-workshop surveys to measure the learning outcomes. We divided the participants into two … Read More
Imagine this: You’re deep in the intricacies of business, where understanding the dynamics of various functions is not just crucial, but a game-changer. Recently, we had the pleasure of speaking with Tamsyn Parry, a seasoned Finance Director who’s been reshaping … Read More
Income|Outcome is a unique educational tool that provides an engaging, novel approach to financial literacy and business acumen training. Rather than traditional methods, it employs an interactive business simulation, enabling users to understand and manage intricate financial concepts through tangible, … Read More
Picture this: navigating the multifaceted world of business, unearthing the intricate balance between departmental roles, and witnessing their collective influence on overall performance. Recently, we had the pleasure of diving into these realms during a heart-to-heart with Christian Castaneda, a … Read More
In the realm of business acumen, understanding the financial aspects of your business is crucial. One key aspect of this is understanding the difference between direct and indirect costs. These two types of costs are fundamental to budgeting, financial planning, … Read More
The Importance of Business Acumen for Finance Professionals An important goal for Allison as CFO is to break down the silos that often develop within organizations, particularly regarding the finance department. He believes that finance professionals must understand the business … Read More
Business Acumen is the glue that holds your company together. It impacts more than financial results: it clarifies roles, it improves speed and accuracy of communication, it develops respect and morale. It is essential to financial success and for reaching … Read More
People have different learning styles. Not everyone thinks visually, although most people do. This is important for game developers like Andromeda Simulations to remember, because we specialize in the visual display of information. But we also have to pay attention … Read More
Hacking Fredkin’s Paradox in Business Written by Nikolai from Income|Outcome “…a man, being just as hungry as thirsty, and placed in between food and drink, must necessarily remain where he is and starve to death.” –Aristotle, On the Heavens … Read More
Return On Sales, often abbreviated as ROS, is a fundamental financial metric that sheds light on a company’s profitability. It’s important because it reflects a company’s efficiency in converting sales into profits How to Calculate Return on Sales ROS is … Read More