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
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
Some say it’s still a recession, others say it’s a very slow recovery. Either way, the money is tight. So what’s a company to do? While some companies are slashing their budgets in every direction, smart companies are shifting to … Read More
The value of the ‘big picture’ The purpose of business acumen training is to improve people’s decision-making skills and thereby improve the long-term health of a company. This requires an understanding of how all the components of the business work … Read More
A couple of weeks ago I ran across a great People Management news video from this spring. In it three learning and development pros comment on their biggest challenges and one makes some interesting observations on trends. In this People … Read More
Behind the scenes at Income/Outcome I read an adage in an airline magazine some years ago. I kept it in my head because it works perfectly for explaining why you can’t ‘sell’ experiential learning by asking people to read about … Read More
As the fiasco in Washington D.C. unfolded, I couldn’t help but wonder how those who have been through our business simulations would handle the debt ceiling issue. Walt Herbert runs this thought experiment in a recent article: “Suppose a corporation … Read More
Skeptics said no quickie business simulation could teach a foundational concept in finance to non financial managers. I love a good challenge. This business simulation builds business acumen quickly & effectively. The same method is at work in our popular … Read More
Sometimes conversations with clients turn to how much detail a business simulation for senior executives should have. Here are my two cents. When planning a business simulation for managers it is tempting to try to model the real world as … Read More
The July issue of Chief Learning Officer magazine features an in depth piece, “Beyond the Sage on the Stage,” about engaging managers and senior executives through “active and immersive learning.” The authors, James H. Gilmore and Cheryl D. Stokes, write: “As … Read More