Business Acumen is the understanding of how a business makes money. It involves financial literacy which is the understading of the numbers on financial statements
AS WELL AS an understanding of the strategies, decisions and actions that impact these numbers.
ProfitAbility designs business simulations that have often been described as a “mini MBA”. Many seasoned business professionals have been
through this programme and said they learned more about strategy and finance and their impact on their business through the experiential nature of
the simulation.
ProfitAbility has developed more than 100 simulations for various industries. These industries include
You have rolled out a performance management system or in the midst of rolling out one for your organisation. That's fantastic but do your employees understand what the measurements really mean ?
Do they know which levers to pull to move the numbers towards the right direction.
At ProfitAbility, we design business simulations that replicate how your business works in real terms. A deep understanding of how, precisely, your business creates value is
vital to a lasting and realistic experience that you can use over and over again as a core mechanism to rapidly align your people to implement your strategy.
It helps employees see the big picture on how their actions (and at times in-actions) connect to the performance of the company, make sense of the metrics and come together to deliver results.
Our game-based industry-specific, simulations mirror the workings of your company and industry. In short in provides context of how the industry you are in
functions. The competitive nature of the simulations allows participants to collaborate, solve problems and make critical business decisions.
The “learning by doing” approach builds strategic thinking, triggers shared insights that lead to real behaviour changes in the workplace, and results in much
higher retention than traditional training methods on decision making, problem solving and collaboration.
According to a August 18 2015 article published in 'The Entrepreneur' entitled 'The 4 Levels of Organizational Alignment', there the four levels of organisational alignment that every company needs
to build and maintain. They are
1. Employee-role alignment
2. Employee-goal alignment
3. Employee-team alignment
4. Employee-organization alignment
Organisations often have put in place the mechanics of the first three - that might include elements of job descriptions, coaching, performamce reviews and accountability frameworks.
However, the employee-organisation alignment is a tougher nut to crack. According to the article, this requires employees to see beyond their individual and team work goals.
Employees need to be able to have a clear line of sight between their roles and acotions to the organisations business and financial objectives.
Our simulations are designed to replicate as close as possible how your company works in real terms. It allows employees to experience first hand how their actions (and at times in-actions) connect to the performance of the company.
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