What’s up with Minnesota, anyway? They ban this, they ban that… “Minnesota bans Bisphenol A” – well, at least for baby’s bottles and sippy-cups. The rest of us can die of cancer from the linings of cans. A lot of … Read More
“Heaven is where the police are English, the mechanics are German, the cooks are French, the lovers are Italian, and the whole place is run by the Swiss. Hell is where the police are German, the mechanics are French, the … Read More
The “Entrepreneurial Challenge” version of Income/Outcome is now being scheduled as a 5-hour evening session by Andromeda Simulations Arabia, and headlined as “The 5-hour MBA”. This shortest version of our workshops has elements of both fun: and serious planning and … Read More
Business acumen is “keenness and speed in understanding and deciding on a business situation.” Companies want to develop these traits, especially in their senior managers – but also in the workforce at large. Most companies would like a corporate culture that nurtures … Read More
To a lot of people working in large (and not so large) businesses, the word “Finance” means one of two things: the whole time-consuming, confidence-threatening mess of numbers associated with budgets, plans or – argh! – ratios (or even worse … Read More
The Economist had a recent leader (editorial) headed Visas for entrepreneurs: Let the job-creators in. This in turn was triggered by an article in the same issue, looking at the initiatives of Chile and other countries to attract entrepreneurial immigrants … Read More
Business acumen: “Keenness and speed in understanding and deciding on a business situation.” The need for this is particularly strong when your industry is being unexpectedly disrupted. You might think that disruptions are essentially driven by technological change, and therefore usually only … Read More
In this series I’m using the Financial Times’ definition of business acumen as “keenness and speed in understanding and deciding on a business situation.” The word “acumen” means keenness, but in “business acumen” speed is also crucial, and is included in the definition. To … Read More
The lexicon of the Financial Times defines business acumen as “keenness and speed in understanding and deciding on a business situation.” It goes on to clarify: “In practice, people with business acumen are thought of as having business ‘sense’ or business ‘smarts’.” … Read More
Over a hundred countries around the world use an agreed set of “international financial reporting standards” (IFRS), but the US is not among them. It uses its own “generally accepted accounting principles” (GAAP), which is not generally accepted. American exceptionalism … Read More