May 2014 – Turning Rocket Scientists into Leaders.
Turning Rocket Scientists into Leaders Turns out that leadership development really is rocket science – at least, it is at Raytheon Company. An article in the May/June 2014 issue of Training Magazine describes how the high-tech aerospace and defense company uses PriSim’s accelerated learning process to develop its next-generation of leaders. Raytheon’s 2-year rotational program…
April 2014 – There’s no gaming COROA – a better metric?
There’s no gaming COROA – a better metric? Metrics that measure business performance can be improperly manipulated. We see it in our simulation exercises, and it exists in the real world. Click here to read about Cash Operating Return On Assets (COROA) if you’re interested in a metric that might not be as easily “gamed”….
March 2014 – Trolls: Good or Bad for Business?
Trolls: Good or Bad for Business? Here’s a cost you probably haven’t budgeted for – trolls. We’re not talking about the cute ones from “The Billy Goats Gruff”, but Patent Trolls (a.k.a. patent assertion entities). These are businesses that claim that a patent they own has been infringed. They offer the targeted company a choice…
February 2014 – All Over-Work and No Play Makes…
All Over-Work and No Play Makes… In Macbeth, Shakespeare described sleep as the “balm of hurt minds” – and we assume he was counting naps too. Daniel Goleman agrees that for optimal performance you really should sleep on it, even during the day. Or at least take a break and do a little mindfulness meditation….
January 2014 – Your Leaders Have Great Potential (but so did Webvan)
Your Leaders Have Great Potential (but so did Webvan) PriSim has just published an online article in Training Magazine describing ways to unlock the “potential energy” stored in your company’s emerging leaders as they move from management roles into leadership positions. Click here to read the full article. Potential energy is valuable – it represents the possibility…
December 2013 – The Tech Revolution Sparks a Learning Revolution.
The Tech Revolution Sparks a Learning Revolution If you have some free time over the Holidays, you might want to use your iPads, tablets, or laptops to take one of the free online courses offered by Khan Academy. A not-for-profit with a mission of “providing a free world-class education for anyone anywhere”, the organization has…
Surprise! PriSim’s Interview with Dr. Baiocchi about Leadership Through Unexpected Events
There are countless variables that can produce unpleasant surprises in today’s business world. Whether it’s the bursting of the housing bubble in 2008, new regulation, the weather, or a competitor’s move, being ready for the unexpected is part of the job-description of leaders and managers. Dr. Dave Baiocchi (bi-O-key) of the RAND Corporation has written…
Adapt or Die – What Airlines Have To Do To Make a Buck Nowadays (or 37-cents)
What Airlines Have To Do To Make a Buck Nowadays (or 37-cents) Customers are easily annoyed – but sometimes you can “move” them to accept some necessary changes that they don’t initially like. Take airlines. Passengers initially grumbled when they could no longer carry heavy, bowling-ball filled luggage on board for free anymore. But airlines…
September 2013 – Momma Always Said First Impressions Matter.
Momma Always Said First Impressions Matter Remember the old days when shoppers used to go to the store, compare products sitting on shelves, and then choose one to buy? P&G called that the First Moment of Truth between the customer and the company. Yes, that was a long time ago – maybe 10 years… Now…
August 2013 – And Now for the World’s Dumbest Idea
And Now for the World’s Dumbest Idea “Maximize shareholder value”? According to Forbes, forgetaboutit! (click here to read more) Jack Welch believes that “Shareholder value is the dumbest idea in the world. Shareholder value is a result, not a strategy”. And Peter Drucker wrote that “There is only one valid definition of business purpose: to…