How Business Simulations Can Cure Your Organizational Health Index
Robert Brodo
Recent Posts
As readers of this blog know, much of the content I write about comes directly from the Business Acumen learning sessions I conduct for clients around the world. This week, I am in Europe facilitating a session for high potential leaders looking to further develop their Critical Thinking skills in the areas of strategy and financial management. When talking about strategic thinking, learners explore the different value propositions offered to customers and choose between Product Leadership, Operational Excellence, and Customer Intimacy as their primary focus and offerings.
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The concept of Business Acumen has many layers and application. In its most foundational form it is a skill set that provides business professionals with the ability to understand:
- How any business makes money
- How your business makes money
- How your customers make money
Within this definition, there are sub-levels of comprehension including how a company generates revenues, the cost structures and expenses that are required to generate the revenues, and the difference between the revenues and expenses which are the profits.
Read More >5 Tips for Retaining Frustrated Key Talent
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As a Talent Development professional, one of the most rewarding aspects of delivering high-quality, impactful learning solutions to our clients is to hear executives discuss the impact the learning has on their bottom-line and other key business metrics.
For the past five days, the Advantexe team has been deploying a Business Acumen learning journey for the top 140 leaders of a technology company going through a significant business transformation. Like many businesses today, this company is wrestling with the strategic dilemma of balancing delivering on a value proposition to existing customers with legacy products and services while at the same time investing in and developing new digital technologies that change the playing field.
