Business Acumen is the glue that holds your company together. It impacts more than financial results: it clarifies roles, it improves speed and accuracy of communication, it develops respect and morale. It is essential to financial success and for reaching … Read More
People have different learning styles. Not everyone thinks visually, although most people do. This is important for game developers like Andromeda Simulations to remember, because we specialize in the visual display of information. But we also have to pay attention … Read More
In the past two weeks Eliza and I have worked with professors in Aalborg, Denmark and Tromsø, Norway to help run three Income/Outcome workshops. Scandinavia has a justifiable reputation for innovative designs that are interesting, elegant and functional (as in … Read More
Christchurch, New Zealand, was hit very hard by an earthquake in February 2011, with 185 deaths. Its cathedral was damaged so badly that it had to be replaced. The beauty of towering stone is not always a good thing. So … Read More
Business acumen is a subject that we normally teach within Fortune 500 companies like HP, Abbott Labs, Heinz and Ashland, or in academic programs like the Executive MBAs at Cornell-Queen’s, Kennesaw State and Villanova. However we also provide pro bono … Read More
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