• Spiraling Out of Control – Wages and Prices

    Unless you’ve been hiding in your basement for the last couple of months (understandable if you were), you’ve probably heard about the dreaded Wage-Price Spiral (WPS) that many economists are predicting. A WPS can occur when prices rise, causing workers to demand higher wages.  Companies then raise prices again to cover their now-higher wage expense…

    Learn More

  • Decision (and Consequence)

    There are many types of business simulations: behavioral, board games, computer-based. At PriSim, we focus on computer-based “whole-business” simulations. Frequently, we will augment the core learning experience with board game style simulations (to better drive detailed financial acumen). There are pros and cons of each style of “business simulation”. One of the benefits of computer-based…

    Learn More

  • New CEOs – Do Only the Things Only You Can Do

    Being a CEO is tough.  But…what do they actually do, anyway?  Aren’t all of the other people at the company doing all of the actual work?  Maybe so, but we still need CEOs.  According to a McKinsey study, the things that CEOs do create 45 percent – almost half – of a company’s performance results….

    Learn More

  • Sim Tips Videos – Seeing (a business simulation) is Believing

    When you have a question about PowerPoint or Excel, or even about how to change the oil in your car, where do you go to get the answer – YouTube, or to the 100-page user manual in 8-point font sitting on your bookshelf? If you’re like most people, you’re a visual learner and you go…

    Learn More

  • Shokunin – Values and Purpose (Mission)

    Reading Bob Igers’ book “The Ride of a Lifetime”, I came across an interesting concept, Shokunin – the “endless pursuit of perfection for a greater good”. According to Wikipedia the Shokunin “has an obligation to work his best for the general welfare of people”[2]. This concept resonated with me as it is a good reminder…

    Learn More

  • This Blog Post Is Taxing. It’s About Taxes

    Economist John Maynard Keynes said that avoiding taxes was “…the only intellectual pursuit that carries any reward.”  But in the case of book income vs. tax income, all rewarding things must come to an end.  A minimum corporate tax in the US has been proposed that would be based on the book income of large…

    Learn More

  • Does your Company Deliver an Experience – or an Ordeal?

    Is the customer experience at your company uplifting, or is it more like a trip to the Department of Motor Vehicles? It’s an important question for business leaders, because experiences have become a critical part of what people buy.  In fact, experiences are now such a valuable part of the economy that some observers say…

    Learn More

  • Housing, Humans, and Algorithms…

    Echoing the past, it seems Zillow has re-experienced some of the business dynamics that brought down the hedge fund LTCM, as was famously described in the book When Genius Failed.  Zillow announced in November of last year that it would close its house flipping business, Zillow Offers, and write off over $500 million in losses….

    Learn More

  • Scoring a Business Simulation Competition is Not for Sissies

    Unlike a 2nd grade soccer game, everyone is not a winner in a business simulation competition.  But even with grown-ups competing to run simulated companies, scoring a simulation is not a simple process.  The key is to have a clear, precise, and fair approach to determining the “winner”. In the segments below, we’ve put together…

    Learn More

  • Don’t be a Zoom-Zombie – Use PriSim’s Zoom Cheat Sheet

    In what feels like déjà vu, it looks like we’ll keep seeing Zoom meetings pop up on our schedules in 2022.  Hybrid work is here to stay, and unfortunately Covid probably is too.  Most of us in the business world have become pretty good at using Zoom (along with our kids and even some of…

    Learn More