As I mentioned in my last post in this Gotchas Series, there are at least 12 ways a business acumen simulation can go wrong. At the top of the list is closed decision making — and here’s why. Especially if … Read More
In my last post in this Gotchas Series I wrote that you might be surprised at how ineffective business simulations can be. Now I’m going to show you what I mean. There are at least 12 ways a business acumen … Read More
Choose the right training and you’re the hero… When you invest in business acumen training, you need employees to come away having internalized finance concepts and the relationship between parts of the business. When that happens, they can make better … Read More
An Open Letter to MBA and EMBA Faculty and Administrators: Your students make a significant financial investment to attend your program. But even more importantly, they are investing their time during the most crucial point of their careers. They want … Read More
At Andromeda Training, we suspect the Statement of Cash Flow is unnecessary. Traditionally, it has been a useful tool for understanding cash flow. If all you have are columns of numbers from the Income Statement and Balance Sheet, then a … Read More
“The world is too much with us,” says Wordsworth; “late and soon, getting and spending, we lay waste our powers.” In a series of articles, ‘Your Brain on Computers‘, the New York Times is looking at the issue of how … Read More
We recently received this email from Rami Joseph at Yissum, and we think it is shareable! Hi all, I would like to share with you all, a wonderful experience I had during an Entrepreneurial Challenge workshop last week. We run … Read More
For the past few years Professor Joe Kuvshinikov has been using Income/Outcome business simulation in his undergraduate accounting courses. Joe is a really creative guy as regards using the simulation. So far he has used it in a Sister Cities … Read More
“The Evolution of Childhood” by Melvin Konner (960 pages from Belknap Press of Harvard University Press, publication date May 31, 2010) compiles thirty years of research, analysis and writing. It is reviewed by Benjamin Schwarz in the May edition of … Read More
The usefulness of the Company Board is that it presents financial information in a visual manner. For people who do not enjoy looking at long columns of small numbers, this may make the information more accessible. It can also clarify … Read More