• Business in Crisis – 2020 Edition

    Business acumen (“Business savvy” and “business sense” are often used as synonyms) is keenness and quickness in understanding and dealing with a “business situation” (risks and opportunities) in a manner that is likely to lead to a good outcome (Wikipedia, 2020). We all hope our business leaders have some of this today. How do you…

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  • Deflation – Crashing an Already-Bad Party

    Falling prices – it doesn’t sound like that could that be a problem, does it? But from an economic standpoint, deflation is actually a serious concern. Like driving below the speed limit on a busy freeway, it seems like it would be safer, but you might just cause a 25-mile traffic jam. Deflation occurs when…

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  • The Digital Divide – Between a Digital Rock and a Hard Place

    Well, that was fast.  Any company that wasn’t already pretty good at doing business online had better shift into high-gear now due to COVID-19.  And understandably, employees are also expecting that work be done virtually if at all possible. An HBR article describes how the corporate digital divide has created an urgency for firms to…

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  • Instant Gratification – Using Stock Tickers in Business Simulation Courses

    You’ve seen stock tickers scrolling by on financial news networks, on the sides of buildings, and across giant screens mounted on river-barges in Shanghai (we have). They’re mesmerizing. As the numbers reel by, you can’t wait for your favorite stock symbol to appear. Unless the price has dropped, at which point you wish the dang…

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  • Airlines prepare for a C(r)ASH landing – paying the price for cash mismanagement

    If ever there was a need for companies to have a little extra cash on hand, it’s now. But for several big airlines, the flight to cash has been canceled… United, American, Southwest, Delta, and others spent 96% of their free cash flow over the last 10 years on stock buybacks. That didn’t leave much…

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  • Running Virtual Classes When Using a Business Simulation

    PriSim conducts virtual classes that feature our business simulations. For example, the MEMPC (Master of Engineering Management Programs Consortium: Northwestern University, MIT, Duke, Dartmouth, Purdue, John Hopkins, Duke, Tufts and USC) participates in our asynchronous competitions for graduate students across the country. In addition, the Independent Insurance Agents and Brokers of America (the Big I)…

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  • Colored Paper

    During a business simulation exercise, there is a lot of data to analyze. PriSim allows participants to review all reports on their team computer monitor; however, we have found that many participants still like to print the data. This allows them to highlight, take notes, and underline relevant information. The downside is that often there…

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  • “It’s Accrual World”

    Not surprisingly, a big part of working in finance is about being efficient and accurate. To paraphrase comedian Bob Newhart, “getting within a few bucks of it” isn’t usually good enough. Hence all the late nights if you work in the department. But it’s also about being effective and adding to business results. And that…

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  • The Rocket-Fueled Business Simulation Agenda – Covering It All in Just 2-Days

    When running a simulation as part of a business-acumen training class, time really is of the essence.  Besides the three or four 2-hour decision-making rounds within the simulation there are also business concepts, including strategy and finance, that need to be adequately covered. But holding a 10-day class so that all the content can be…

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  • Action Planning – Applying Course Concepts to Real-World Challenges

    The real value of learning comes when the concepts taught are actually used in the real world. However, simply presenting a concept and exhorting an audience to apply it in the business world is not enough. Learners need to practice with course concepts using real-world data and scenarios that resonate for them on a personal…

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