Normally our prospective clients are happy with the range of products we offer for teaching business acumen: five levels of program to choose from, multiple industry models, and a dozen languages. And we end our workshops with a module that … Read More
Maybe managing a business is like riding a unicycle: no amount of talking about it will build core competencies. If someone wants to get the hang of it, they have to do it. Recently Robin wrote about the importance of … Read More
Another once-dominant iconic company, Kodak, declares bankruptcy and the stories fly about mismanagement, the lack of visionary leadership, and lost opportunities. After all, Kodak invented the digital camera in 1975 and did nothing with it for 15 years. How could … Read More
The value of experiential learning is something that has been noted throughout time, from the sayings of Confucius, who said: “I hear and I forget. I see and I remember. I do and I understand.” to the 17th century mathematician … Read More
During business literacy trainings we use Income/Outcome® business simulations to familiarize employees with fundamental concepts in finance, like: What is profit? What is a fixed cost? What is depreciation? You might look at the above list and think “profit is … Read More
Behind the scenes at Income/Outcome I read an adage in an airline magazine some years ago. I kept it in my head because it works perfectly for explaining why you can’t ‘sell’ experiential learning by asking people to read about … Read More
Skeptics said no quickie business simulation could teach a foundational concept in finance to non financial managers. I love a good challenge. This business simulation builds business acumen quickly & effectively. The same method is at work in our popular … Read More
Sometimes conversations with clients turn to how much detail a business simulation for senior executives should have. Here are my two cents. When planning a business simulation for managers it is tempting to try to model the real world as … Read More
In this clip, an Income/Outcome business simulation game helps savvy Gen Ys learn business finance. There are no hidden dynamics in our board-game simulation. Every action is visible, every decision can be tracked, and every effect has a demonstrable … Read More
Some time ago I heard a client talking, 5 years after the fact, about how her team should have won in a the Income/Outcome business simulation. It got me thinking about healthy competition in a business strategy game… and about … Read More