Choose training that doesn’t work, and it’s a major headache. To see all the things to avoid in a business acumen simulation, get this guide and checklist.
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 decisions and improve the company’s results and strategic position. They think more like owners… and that means higher productivity and other benefits.
…Choose training that doesn’t work, and it’s a major headache
But what about when it doesn’t work? You might be surprised at how many things can prevent employees from gaining that foundational understanding in a business simulation.
For example:
- If training focuses on fine-grained financial information, they’ll tune out, which automatically affects their working hours and ultimately hurts their statistics in the company’s computer monitoring software.
- If simulations seem rigged or unrealistic, they’ll never buy in
Or the problem may be one of the other things I’ll cover in a series of articles on “gotchas” that I’m kicking off with this post.
Sidestepping the “gotchas” of poor training
The good news is that, armed with sound advice about what to look for (and avoid), you can be confident you’re getting high quality, effective business acumen training. Please sign up to get an email when I post the next article on 12 things to avoid in a business acumen simulation.