As we all have experienced, COVID-19 has completely disrupted the world of talent development forever. From March 16, 2020, until about April 1, 2020, every Advantexe client canceled or postponed their scheduled live, in-person training programs. Rob and I were talking one night as we were obviously worried about COVID-19 and the future of Advantexe. He said to me, “We have worked hard to put all of our business and leadership simulations in the cloud, why don’t we just go to every client and offer to pilot virtual deliveries to show them what we can do?” Long story short, we worked with our long-term clients to figure out a better way to deliver our solutions. Today, Advantexe is working 24 hours per day around the clock and around the world to deliver simulation-centric end-to-end learning solutions in the areas of Business Acumen, Business Leadership, and Strategic Business Selling.

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We are all besieged by advertisements where a company is trying to gain new customers by offering all new customers an incredible discount. “Sign up today and get 50% off for the first year” scream the ads. And then they get to the last sentence, “offer good for new customers only.”

Wow, what a slap in the face to the existing customers who have been loyal for years only to find out that the extra fees they have been paying are now going to augment a discount to new customers only.

We get it, it’s 2022 going into 2023, the world has changed, and things are moving forward. Businesses have accepted the new normal and are evolving their approach to business. As they do that, the typical pressure will be on generating revenues, profit, and cash flow.

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We all know we do it.

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As the Advantexe team spends the last few weeks of the summer getting ready for an extremely busy fall delivering our Business Acumen programs we are putting the finishing touches on the base conditions and models of the digital business simulations that will drive the programs.

One of the most common questions and challenges our clients continue to face is the impact of inflation on foreign exchange factors on business results. We typically explain a classic business model where exchange rates are determined by the demand for different countries’ assets and by the production of different countries’ goods. Basically, it should come down to supply and demand, or more specifically, the economic variables such as population size, employment, consumption, production, and Gross Domestic Product (GDP) that are related to supply and demand.

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Over the past few months, the Advantexe business simulation design team has been conducting intensive research on the topic of psychological safety as we design, develop, and get ready to launch our new Psychological Safety simulation. I am pleased to share some of the most interesting findings from the research which included a focus group of experienced leaders from several different industries.

Here are 5 new ideas for creating an environment of psychological safety in your business or team:

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