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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…
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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…
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Quietly Firing the Quiet Quitters
Last month we wrote about The Great Resignation and the employee engagement challenges that have arisen post-Covid. But let’s quit discussing that and start quietly talking about quitting… “Quiet quitting” is a catchy and popular buzz phrase to describe employees who are disengaged from their jobs and who do the least amount of work to…
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Did Your Simulation Get the Memos?
Simulations are high-tech learning solutions – but sometimes you need to get off the digital and get on the paper. Jeff Bezos said that replacing PowerPoint presentations at Amazon with “six-page, narratively-structured” printed paper memos was the smartest thing they ever did. We’ve talked in previous blog posts about adding pen-and-paper exercises to business simulation…
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When the Going Gets Tough, Tough Companies Get Investing
What’s scarier than investing in your company in the midst of an economic downturn? Not investing in your company in the midst of an economic downturn. An HBR article describes how well thought-out investments (while biting your nails) during an economic pullback can actually position a company better for the future. But that takes courage…
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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…
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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….
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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…
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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…
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Saying Goodbye (to a Supply Chain Partner) Is Hard To Do
The global supply chain just played a real-world version of MIT’s “The Beer Game” – and lost. And due to soaring costs and super-slow deliveries, a breakup with China may now be in the offing. Maybe we should have just stayed home… As discussed in a previous PriSim post, no matter the industry, your company…