Income|Outcome is a unique educational tool that provides an engaging, novel approach to financial literacy and business acumen training. Rather than traditional methods, it employs an interactive business simulation, enabling users to understand and manage intricate financial concepts through tangible, … Read More
In the realm of business acumen, understanding the financial aspects of your business is crucial. One key aspect of this is understanding the difference between direct and indirect costs. These two types of costs are fundamental to budgeting, financial planning, … Read More
The Importance of Business Acumen for Finance Professionals An important goal for Allison as CFO is to break down the silos that often develop within organizations, particularly regarding the finance department. He believes that finance professionals must understand the business … Read More
Bemus Landscape experiences greater company-wide communication and holistic business understanding after completing an Income|Outcome Andromeda business simulation workshop. Bemus Landscape, Inc. began as one man’s venture in earning cash to pay for college in 1973. From humble beginnings mowing lawns … Read More
The Economist has a recent article (“Revisiting Ricardo”) on the reasons behind the growing economic inequalities within the poorest countries. One point discussed is that better educated and better skilled individuals are able to connect with individuals and companies in … Read More
Prices rising and falling as a result of Supply and Demand isn’t a purely theoretical idea, and the people on either side of the deal don’t have to have even heard of it. It happens naturally. If I want some … Read More
Towards the end of Income/Outcome workshops we look at Key Performance Indicators (KPIs) and other metrics, and consider how people change their behavior depending on what they are measured on. We subscribe to the rueful view that if you measure … Read More
Bureaucracy! Can’t we get rid of it? Of course there need to be rules and guidelines for actions and decisions in a government department. You can’t have arbitrary decision-making as the standard process. The problem is that, even if the … Read More
Earlier this week Andromeda Simulations International had a booth at the annual conference and expo of theAmerican Society for Training & Development, held this year in Washington,DC. It touts itself as the world’s largest association for the global T&D industry, … Read More
Maggie Smith’s classic line in Downton Abbey, the aristocratically innocent “What is a weekend?”, conveys the idea of the rich who are so idle that they have no concept of the need for a day off from work. They have … Read More