Employee engagement is critical for any enterprise, especially in a booming economy with record low unemployment. Everyone intuitively understands how important it is, but how do you make a strong business case for a specific plan with clear financial outcomes? … Read More
Galbraith’s analysis of financial euphoria is a sound, witty overview of the common factors to be found in financial collapses from the Tulipomania of 17th century Netherlands to ‘Black Monday’ in October 1987. Events subsequent to the publication of this … Read More
Written by Nikolai from Income|Outcome Developing strong business acumen and financial literacy in leadership candidates can be a challenge for any business. Identifying when those candidates are ready to be promoted to the next level is even harder. When talent … Read More
Watch Out for the Ludic Fallacy: Don’t Let it Spoil Your Business Simulation Game Experience Written by Nikolai from Income|Outcome Humans have been modeling life with games since at least the First Egyptian Dynasty and have been using what they … Read More
The statistics on the earnings of entrepreneurs in the U.S. might give pause to anyone thinking of starting a business. An article by Bloomberg Business revealed that U.S. entrepreneurs make 35% less than employees. Recently, we discussed the statistic with … Read More
Everyone who works makes business decisions. College deans approve faculty. Distribution managers decide on appropriate inventory. Even the teenager cutting grass decides how much to charge. Since they all make business decisions, shouldn’t they understand how business works? A great … Read More
By 1996, Michelin Worldwide was facing an unfamiliar challenge. To better serve the Customer, Michelin needed to align its organization into product lines, something that had been absent up to that point. Previously, critical management decisions were made at corporate … Read More
A board game? How could a game tackle a topic as serious and complex as business finance? You already know that requiring financial training for your employees can feel like pulling teeth. Financial lectures are “boring,” the subject matter is … Read More
Towards the end of Income/Outcome workshops we look at Key Performance Indicators (KPIs) and other metrics, and consider how people change their behavior depending on what they are measured on. We subscribe to the rueful view that if you measure … Read More