Insight Experience is delighted to announce the acceptance of three prestigious 2021 Brandon Hall Awards. The Brandon Hall Group is a "preeminent research and analyst firm, with more than 10,000 clients globally and more than 20 years of delivering research-based solutions that empower excellence in organizations.1" Our 2021 awards are as follows:
When a client reaches out to us to discuss the creation of a Business Acumen leadership development course, they typically begin by stressing that they would like to help their leaders understand “the Big Picture.” As the design process unfolds, we discuss their overarching corporate goals and how the target population impacts those goals. This sets the priorities for the course, considerations such as: how much time to spend on revenue recognition and accounts receivable; whether to include investment analysis; and how closely to examine the competitive performance in key markets.
At Insight Experience, we believe in the value of using the business simulation methodology to teach business acumen concepts. We sat down with Insight Experience expert facilitator Tim Goodman, who has over 25 years of experience in executive education and management consulting and asked him to share his insights on the benefits of experiential business simulations for participants learning all about financial decision-making processes.
At Insight Experience our goal in business acumen leadership development programs is to increase participants’ fluency in financial terminology and decision-making, rather than turning them into finance or accounting professionals. We use business simulations to highlight key leadership decisions and trade-offs, trace the impact of our participants’ everyday decisions through their own company financial statements, and challenge them to find opportunities for improvement. Their stories during and after the programs inspire us every day. It’s hard to pick favorites, but here today we share a few such success stories from the field.
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.
Most of our clients use business simulations in virtual or classroom settings. Groups of 15 or 25 or even 50 are the norm, and our simulation experiences trigger interesting interactions, great discussion and debate, insights in a business context, and great relationship building. Participants leave the experience with insights about themselves and their roles.