In the last post Ana Leiderman talked about the reason teams will oversell their capacity, and how that becomes a teachable moment in the classroom. Here are a few more teachable-moment scenarios we noticed this week. The events occur spontaneously … Read More
Business simulations provide golden opportunities to make connections to the real-world business. Here, Ana Leiderman talks about how game dynamics lead to insightful decisions about sub-contractors. ===== In a business simulation teams will push the limits, such as deciding to … Read More
In our Income/Outcome business acumen workshops we teach the difference between budgeting and forecasting from a top-down as opposed to a bottom-up process. In our view, top-down relates to forecasting results when the future sales are already known, and you … Read More
People learn best when they are engaged. Engagement is easy when people are involved in a team competition. A good business simulation like Income/Outcome provides this. And when people compete head to head to win customers in a competitive market, … Read More
The Company Board® is a graphical presentation of the financial results of a company. Individual line items in the Income Statement and Balance Sheet are represented by colored stacks, with the scale shown in the center. For example, here is … Read More
Normally our prospective clients are happy with the range of products we offer for teaching business acumen: five levels of program to choose from, multiple industry models, and a dozen languages. And we end our workshops with a module that … Read More
Sometimes people working for non-profits or not-for-profit organizations are unfamiliar with basic business concepts and ideas. Non-profits don’t consider themselves to be “in business.” They see themselves as an organization working for the betterment of the community or the world. … Read More
There’s a question I hear occasionally about the use of Income/Outcome for teaching fundamental business concepts: “But would it work in other countries?” That’s like asking if the Periodic Table of elements applies on other planets. The answer is Yes. … Read More
When I was young and inexperienced in running business simulations, many years ago, I led a 3-day workshop for a Fortune 50 computer manufacturer in which the participants came from a variety of departments. People sat with their friends. The … Read More
You get different benefits from attending an Income/Outcome workshop, depending on whether you are attending as an individual, as part of a team, or as part of an extensive rollout by your company. As an individual, you will learn “the … Read More