Having an increased literacy in business acumen concepts helps leaders and individuals alike make sense of the financial world and the vast amount of information and data available to them every day. From stimulus checks, to the paycheck protection program, to a stock market that reaches new records on a weekly basis, the last 18 months has required leaders in all industries to understand and make difficult tradeoffs and investments decisions when it comes to bolstering their company’s financial performance. The last 18 months have also proved to be a fascinating time for individual investors with the rise of cryptocurrencies like Dogecoin and with the events of AMC and GameStop.
Leaders deliver results through others. How leaders work with teams, peers, direct reports, and bosses is key to driving business outcomes. Business simulations that use characters to explore how leaders interact with others create powerful opportunities for actionable learning. Intentionally building characters into a business simulation experience helps leaders practice the various types of employee development interactions that they see and encounter in the real world.
We here at Insight Experience have an extra skip in our step these days, because we are thrilled to be included in Inc. magazine’s list of “Best Workplaces 2021”. This award recognizes and honors 429 companies that “did the most to support their employees and keep them engaged through a turbulent year.”[i] Insight Experience is proud to be named one of those companies “that make work worth it.”
Last week in the U.S., the CDC announced that fully vaccinated people “can resume activities that you did prior to the pandemic.[i]” Does that mean everything can go back to “normal”? And if so, can we as individuals go back to the way we were? The truth is all of us will have different reactions to what has happened over the past 14 months — and to what lies ahead. So much of what we have learned and discussed about leadership over the past year will continue to be relevant as leaders take on this next transition back to normalcy. So, while we might be ready to ditch the restrictions, let’s make sure to hold on to some of the important lessons we’ve learned along the way.
At Insight Experience, we have used a hybrid working model since our inception. We have had 20 years of experience in building a cohesive and productive team of employees — those who drive into our home office and those with a spot on the map that is far from it. As vaccination rates continue to rise in the U.S. and around the world, many companies have started the process of preparing for a hybrid work environment. For some companies, this is a new and even somewhat daunting state of affairs.
How do companies retain and nurture the talent of Gen Z? The answer: Offer interactive opportunities for learning.
Empathetic leadership has never been so essential. Although it is up for debate if empathetic leadership can truly be “taught,” it can certainly be practiced and refined. Experiential learning — and, specifically, team-based business simulations — are a unique approach to help leaders understand and practice empathetic leadership.