PriSim

Business Simulations

[PriSim @PriSimBWG]

Behold the power of a simple line chart drawn on white paper and taped up on the wall. With blue tape... That’s all you need to get leaders and managers in a business simulation class excited like schoolkids. Read more: https://t.co/oYyp34S32S

[PriSim @PriSimBWG]

Let’s simplify financial reports. In fact, let’s get rid of quarterly guidance reports. BCG says reporting is 80% generation but only 20% analysis and insight-generation. Financial reporting can be improved by taking a “quantum leap” in simplification. https://t.co/Oy7WHNPw3P

[PriSim @PriSimBWG]

Physicists have long believed that space and the cosmos are expanding – and now the space economy is too. “Backbone” and “reach” applications are growing. And the value of orbital debris could be worth up to $1.2 trillion in recovery and recycling. https://t.co/lo0R6TspL4

[PriSim @PriSimBWG]

Sometimes older is actually better than newer, even when the sky’s the limit. Such as in the aviation industry where leasing old jet engines is actually more cost effective and efficient for carriers than buying shiny new ones. More: https://t.co/13TGqnrlll

[PriSim @PriSimBWG]

Traditional bread bakeries are the toast of France due to astute strategic-planning and a unique twist on a phrase from the real estate industry: location, location, location. Let’s hope that the dough from French bakeries’ sales continues to rise. More: https://t.co/fTtO4dbgwm

[PriSim @PriSimBWG]

Big Data has had its share of big news days, even becoming the coolest class at some California high schools. But what might deter some would-be number crunchers is that data scientists actually have to collaborate with other people... Read more: https://t.co/Z27ky3cpvS

[PriSim @PriSimBWG]

Words of Wisdom…in a Glossary. While not as scholarly and elegant as a dictionary, one should never gloss over the importance of a glossary. Especially in a business simulation class. Read more: https://t.co/wbF1uaRZUy

[PriSim @PriSimBWG]

A topic at PriSim’s recent Insurance Industry Open House was how hard the insurance industry has been hit by inflation. Add in more frequent natural catastrophes and insurers can’t seem to get a break – in prices nor in their combined ratios. Read more: https://t.co/jfRmStky0I

[PriSim @PriSimBWG]

McKinsey: a competitive advantage for companies is their existing customers. Growth leaders can produce 80% of their value via new revenues from existing customers. In PriSim’s business simulations, students assess and manage their customers’ experience. https://t.co/6YOJsOootm

[PriSim @PriSimBWG]

Companies give CEOs an enormous amount of authority to lead their organizations. But authority is a blunt instrument. An article in Harvard Business Review finds that legitimacy is a more enduring quality for leaders to develop and maintain. Read more: https://t.co/ImJIJU2cGx

[PriSim @PriSimBWG]

It seems that goodwill toward SPACs is almost all gone, literally. The WSJ estimates that companies that went public through SPACs recorded over $11.6 billion in goodwill impairments and write-downs in 2022 compared with only $4 million in 2020. Read more: https://t.co/hgBvFFrLMh

[PriSim @PriSimBWG]

Everyone likes having their own room, but what if the teams in your business simulation class have to share? You can decide to conduct all of the class in the same room or to provide separate rooms for each of the teams to run their simulations. Read more: https://t.co/6U6dplvlPC

[PriSim @PriSimBWG]

Timing is everything, and with financial float it so happens that time actually is money. Managing float is a critical element of a company’s financial strategy, affecting cash flow and liquidity, working capital, and short-term financing decisions. https://t.co/cAc6XkgaUB

[PriSim @PriSimBWG]

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 looks to be a big year for share buybacks, with more than $1 trillion in repurchases expected by the S&P 500 alone. https://t.co/bHwKbpUOXt

[PriSim @PriSimBWG]

It’s important that companies listen to their employees. But what about listening to their future employees? The ones they don’t even know and who may not even be out of college yet? Read more from PriSim. https://t.co/qBeKfw2hC3

[PriSim @PriSimBWG]

PriSim’s previous posts on employee engagement have discussed The Great Resignation, Quiet Quitting, and the persistent War for Talent. L&D training programs can be a powerful peace offering – and a key advantage for companies fighting for talent. https://t.co/M1DAS8GeBr

[PriSim @PriSimBWG]

"Quiet quitting" describes employees who are disengaged and who do the least amount of work to get by without quitting outright. Gallup estimates that disengaged employees cost $7.8 trillion in lost productivity. Leaders can take action to re-engage them. https://t.co/p8wS27ob1C

[PriSim @PriSimBWG]

Simulations are high-tech learning tools. But sometimes you need to get off the digital and get on the paper. PriSim can use multiple paper memos to present disruptor challenges in our simulations (41 for one client). Maybe we should call it a “memo pad". https://t.co/FbiuYSUvo8

[PriSim @PriSimBWG]

The Great Resignation came to be during the pandemic as people redefined the meaning of work and their place in it. If companies restate, update, and clarify the ‘why’ of the work they offer, then maybe we’ll see The Great Re-Engagement in 2023. Read more: https://t.co/H5PVIYVSL5

[PriSim @PriSimBWG]

It might be time for the gov’t to conduct another National Customer Rage Survey, but this time focused on the actual customer surveys themselves. Luckily, new tech such as AI may update the annoying and omnipresent “customer survey”. Read more: https://t.co/O5WowKKQKS