• February 2024: Data Rich – but Collaboration Poor…?

    Big Data has had its share of big news days, even becoming the coolest class at some California high schools.  And as California goes, so goes the nation.  Maybe, but with one caveat that might deter some would-be big-number crunchers: it turns out that data scientists actually have to talk to other people and even…

    Learn More

  • January 2024 – Words of Wisdom…in a Glossary

    While not as scholarly and elegant as a dictionary, one should never gloss over the importance of a glossary.  Especially in a business simulation class. Accounting is often referred to as the language of business.  But if that’s the case, then many industries seem to be speaking their own dialects.  And often have a vocabulary…

    Learn More

  • November 2023 – Insurers Pay The (Inflated) Cost to be The Boss

    PriSim recently held a virtual Open House featuring business simulations for the insurance industry.  One of the discussion topics was how hard the insurance industry has been hit by inflation. Insurance companies sometimes get a bad rap for their profitability, but inflation is adding pressure to claims expenses and increasing the cost of repairs, litigation,…

    Learn More

  • Leadership vs. Management

    What do you think is most important to succeed at the top of an organization: Leadership or Management? Are they different at all? Is one better than the other? According to Harvard business professor John P. Kotter , leadership and management are two different systems of action, complementary to each other, and both are required…

    Learn More

  • September 2023 – New-Customer SOS (Shiny Object Syndrome)

    McKinsey & Company has revealed a top-secret competitive advantage for incumbent companies: their existing customers. Customer retention is almost always less expensive than customer acquisition.  And the data supporting that common knowledge is striking: McKinsey found that the most effective growth companies produce 80% of their value “from their core business – principally, unlocking new…

    Learn More

  • July 2023 – Leadership That’s Legit

    Companies give CEOs an enormous amount of authority to lead the people in their organizations. But authority is a blunt instrument and new CEOs and business leaders should ‘resist authority’ from becoming their main leadership tool.  And while competence provides a leader with greater influence than simply authority, an article in Harvard Business Review finds…

    Learn More

  • June 2023 – SPACs Give Their Goodwill Back

    Sometimes companies throw a business-related Hail Mary pass and hope for the best.  But many of the pass attempts by companies that went public through the non-traditional IPO process known as SPACs (Special Purpose Acquisition Companies) in the past 2 years have landed incomplete.  Including a SPAC from former NFL quarterback Colin Kaepernick, which cost…

    Learn More

  • June 2023 – Every Kid (and Simulation Team) Wants Their Own Room

    Everyone likes having their own room – but what if the simulation teams in your class have to share? A typical business simulation class has 2 main elements – a group lecture/discussion segment and a simulation segment with the competing teams.  A key decision point in your planning is whether you’ll conduct both segments in…

    Learn More

  • June 2023 – What is competitive advantage?

    When competitive advantages start to diminish companies need new ones to carry them forward. Think of BlackBerry vs. Apple. Apple launched the iPod, then the iPhone, then the iPad. However, BlackBerry didn’t anything new in their pipeline. What is competitive advantage? If you ask this question to a group of participants, you’ll hear something like…

    Learn More

  • May 2023 – Ensuring Time to Network

    Pre-COVID I placed great emphasis on keeping things moving during a business simulation exercise. I tried to minimize “down-time” knowing how valuable everyone’s time was. Post-COVID I am sensing that participants enjoy this down-time a bit more and tend to make use of it to further network with classmates.

    Learn More