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
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
Engaging Employees in Financial Success When all the weighted items in a tower sit on the top floor, the whole structure is bound to collapse. Business is no different. Think of the “weight” as business acumen, that valuable knowledge of … Read More
If you were to sell off everything in your business at book value and pay off your debts, how much cash would you be left with? That’s shareholder equity. In other words, shareholder equity is the amount of the business … Read More
At its bare bones, “capital” is wealth. But as the definition is fleshed out, it becomes clear that not all kinds of capital are alike. Every employee needs to understand the basics of working capital to ensure they are equipped … Read More
Rick Wingo is the Director of Finance for Micron in Manassas, VA. Rick, who joined Micron in 2012, took some time to share with us his experiences as the leader of financial training for his company using the Income|Outcome simulation. … Read More