The Lifeboat Foundation, an organization dedicated to the analysis and prevention of threats to human existence, has a blog post on the reduction of richness and complexity in language titled A Future of Fewer Words. It interests me because I … Read More
Maybe managing a business is like riding a unicycle: no amount of talking about it will build core competencies. If someone wants to get the hang of it, they have to do it. Recently Robin wrote about the importance of … Read More
“I learned him.” That’s a phrase that irritates a lot of people, even though the meaning is perfectly clear. It’s considered bad English because well-educated English-speakers have long favored a French or Latin analysis of the language, even though English … Read More
A good workshop on business finance or business acumen helps participants develop a better understanding of financial statements – their structure, their interconnections, their uses and their limitations. This in turn creates better flows of information, better decision-making, and better … Read More
As part of helping people visualize how they impact the business they work in, our Income/Outcome simulations all use little wooden figures to represent a company’s various job functions. Some stand on the Balance Sheet, for example if their labor … Read More
Just because you follow the recommendations in the previous post to improve your decision-making by broadening your sources of information and opinions, it doesn’t mean all your problems are solved! What happens if everyone has a different opinion? Suppose you … Read More
Good decision-making is impaired by two things: limited information, and by the decision-maker being too narrowly focused – especially when events or conditions are abnormal, or outside the decision-maker’s experience. This is confirmed by a study published in April 2012 … Read More
How do you make sure you are getting good information? And how do you make good decisions, especially when faced with conflicting data or forecasts? You need three things: Business literacy. A common language and common understanding of finance, because … Read More
I believe the speed and accuracy of the flow of information is the greatest competitive advantage available in the business world today. Without it, any business acumen competency is worthless. Stories from three of our clients come to mind: A … Read More
For the past couple of years Andromeda Training has been working directly with various organizations in Saudi Arabia and the UAE, as the rapid changes in the region fuel demands for better business acumen. Humans have been walking out of … Read More