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Star (Employee) Wars
A growing battlefront in business has emerged post-pandemic – a war for talent. With a nod to Sun Tzu, successful companies and leaders must be skilled in “The Art” of this particular war as it escalates. An article in Inc. Magazine states that over half of the management teams interviewed cite staffing as their biggest…
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Remote/Virtual Decision-Making: Simulated or Real-World – There’s Very Little Difference!
COVID required all organizations to quickly re-tool for a more digitized and remote work environment. If COVID had happened 5 years ago, before the maturity of tools like Zoom/WebEx/Teams and before the tight integration of video/audio within our laptops, business survival during COVID would have been a LOT more difficult. Over that past 18 months…
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You Can Buy Their Glasses, But Not Their IPO
If a stock is listed in the forest, and no one underwrites the IPO, does it make a sound? Yes – if the stock was ‘direct listed’ as was Warby Parker’s recent listing on the NYSE. And more than just making a sound, the eyewear retailer has made a big splash along with Spotify and…
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Teaching a Business Simulation Class – Team or Solo Sport?
It’s been said that there is no ‘I’ in Team, but that there is an ‘m’ and an ‘e’. Given that dichotomy, when it comes to teaching a business simulation class, what’s better – a Team or a ‘me’ approach? Like deciding whether to turn a car right or left at an intersection, it depends…
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Saying Goodbye (to a Supply Chain Partner) Is Hard To Do
The global supply chain just played a real-world version of MIT’s “The Beer Game” – and lost. And due to soaring costs and super-slow deliveries, a breakup with China may now be in the offing. Maybe we should have just stayed home… As discussed in a previous PriSim post, no matter the industry, your company…
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The 4 Ps of Marketing
During PriSim’s business simulation courses we ask participants to think about the future of their company and where they want the company to be at the end of the exercise. This leads participants to ask, “Who is our customer?” and more importantly, “What does the customer value?”[1] To help them answer this last question we…
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Let’s Hear it for the Employees! (Amazon, please hit “Unmute”…)
Amazon’s fantastic success has come at a fantastic cost – to their employees. In a nod to the industrial era of the 1910s, it seems Taylorism and Scientific Management are alive and well in the warehouses of Earth’s second largest retailer. A sobering investigation by the New York Times exposes some of the concerning human…
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Financial Acumen and ROI Discussions
Most business people don’t really like accounting and finance. They avoid the topics. And this is why the largest knowledge gap that we find in our business simulation participants is “the numbers” side of business. And this is true across all industries. Business simulations are excellent at teaching “the numbers” side. While finance and accounting…
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Adapt or Die. Or Do an Attribute Map…
Your company has spent an immense amount of time and money and now you deeply understand your (old) customers’ needs and wants. Congratulations… But unfortunately, your core customers have all changed during the time you’ve spent studying the old ones, and now you have new customers with completely different needs and wants. A recent article…
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Use the Right (Sim) Tool for the Job
Here at PriSim we love our experiential, multi-day, competitive simulations – and our clients do too. They’re dynamic, complex, and the business-acumen lessons learned have a profound impact on our clients’ business results and on our participant’s careers. Plus, the no-holds-barred sparring between the competing teams is more fun to watch than a Roman arena…