Apple will shortly begin paying a regular dividend, which some investors take to be a bad sign. Apple is now sitting on $100 billion in cash and investments – see the illustration of their 2011 year-end financials below: apart from … 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
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
Some of my favorite quotes for training, and experiential learning in particular: First, the famous one from Confucius, “I hear and I forget. I see and I remember. I do and I understand.” (The first sentence may be more accurately … Read More
We use visualization methodology in the simulation and the new app… so we are always looking for other visual displays of information. There are lots of great visualization techniques being used today, and I would like to share one of … Read More
I recently read an article about game transfer phenomenon. This is the idea that people merge subjective realities and take a game-related action in real life. The author of the article starts by talking about unexpectedly using Mario-Kart driving reflexes … Read More
Someone on a LinkedIn forum recently asked: “What kinds of topics would you like to see covered in a 2-day Management Development workshop?” My reply was: “I recommend that the first day be a team-competition business finance simulation: a good … Read More