• January 2023 – 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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  • December 2022 – 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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  • November 2022 – Never Surveyed a Customer We Didn’t Like

    Companies are in business to fulfill their customers’ needs and/or wants, and producing satisfied customers is one of the most important business results that a company can achieve.  The best companies strive not only to deeply understand the needs and wants of their target customers – but also to understand how well they are fulfilling…

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  • August 2022 – Hard, Valuable, Fun (HVF) Business Simulations

    I recently listened to a How I Built This podcast featuring Max Levchin (founder of Paypal and Affirm). In the podcast Max discusses the acronym HVF. An interview with Eric Scott, one of Levchin’s colleagues, provides us with the following background/description of HVF: Max was working on an incredibly technically hard problem (at PayPal) and…

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  • July 2022 – 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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  • June 2022 – The First Business Simulation

    I’m guessing you will be as surprised as I am to learn that one of the first text games with “back-and-forth natural language interaction between a human and computer” was Top Management Decision Simulation[1], the first business simulation. Top Management Decision Simulation was developed in 1957 by the American Management Association (AMA). Its goal was…

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  • May 2022 – 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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  • April 2022 – 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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  • March 2022 – 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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  • March 2022 – 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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