• 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

  • 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

  • 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

  • May 2023 – Whatever Floats Your Business Boat…

    Timing is everything – and when it comes to financial float it so happens that time actually is money.

    Learn More

  • April 2023 – When Companies Buy Back Their Shares and Go Home

    It’s never fun when a kid threatens to take their ball and go home. What about when companies do it with their shares of stock? 2023 is shaping up to be a big year for share buybacks, with more than $1 trillion in repurchases expected by the S&P 500 alone. That’s a lot of money…

    Learn More

  • March 2023 – We Are The (Executive) Champions of the World. And of your Business Simulation Class.

    With all due respect to the band Queen – we are not ‘the champions of the world’ in which our business simulation classes run.  Instead, we need an actual Executive Champion to keep on fighting ‘til the end.  And through their participation and influence, to help support our classes. Executive support is valuable for anything…

    Learn More

  • February 2023 – Training Programs – Good for Employee Engagement (and for robots too)

    Our previous posts on employee engagement have discussed The Great Resignation, Quiet Quitting, and the persistent war for talent.  Perhaps the U.S. chairman of PwC has also read our posts – but in his opinion talent has already won the war… If you can’t beat them, join them.  Learning and development training programs, it turns…

    Learn More