The Economist magazine has just produced a wonderful playground for thought leaders, called “Open Future”. The Economist has always championed free trade, and that has led naturally to championing freedom in many forms. As they write: “One of the world’s … 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
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
There’s a question I hear occasionally about the use of Income/Outcome for teaching fundamental business concepts: “But would it work in other countries?” That’s like asking if the Periodic Table of elements applies on other planets. The answer is Yes. … 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 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
Good decision-making is impaired by two things: limited information, and by the decision-maker being too narrowly focused – especially when events or conditions are abnormal, or outside the decision-maker’s experience. This is confirmed by a study published in April 2012 … Read More
Arab News, the national English-language daily of Saudi Arabia, printed a nice half-page story today on Andromeda Training, Income/Outcome and our new Visual Finance app. The article is by Molouk Ba-Isa, Editor for the Gulf Region and an IT specialist. … Read More
Lots of people have ‘fear of finance’… students, investors, even business owners (we have met a suprising number of entrepreneurs who let their accountant manage the finance portoin of the business). In the past few months we have worked with … Read More