Fusing both business strategic managerial focus and
managerial application with business acumen
MBE Simulations recognizes that successful companies need
managers at all levels to effectively execute company strategy in
multi-dimensional business environments. The future constantly becomes the
present and to best function managers must learn dynamic and rapid change
MBE envisions a business world comprised of strong and
flexible organizations where efficiency exists in a context of organizational
effectiveness. MBE believes this business reality can be achieved via their
fully dynamic simulations where managers can learn through real experience and
internalize the business insights revealed to them.
learning free from real-life consequences
To internalize management and business acumen there is a need for a special
platform that enables action without real-life business consequences. MBE
Simulations is the only dynamic training platform providing immediate feedback
from within the minute-by-minute simulation. A real-life look and feel enables
Managers to make real decisions without suffering real-life consequences.
Managers experience business by executing daily decisions as well as exploring
the need for a collaborative organizational view.
Business acumen definition
In order to acquire a real instinctive business behavior managers should
act as though they are the owner of an organization. That means understanding
how the organization makes profit and delivers value to the owners. However,
more than this it requires: balancing dimensions that lead to results such as
collaborative approaches between the various organizational parts, the need to
maximize effectiveness at each single moment and coping with the changing
nature of the turbulent business world.
Today's modern management is equipped with many technologies and
methodologies that can serve the organizations' managers for better results. To
name just a few – Business Intelligence abilities, wise use of key performance
indicators for analyzing ongoing status of important business activities and
re-assessing and analyzing lag indicators at the end of a period for making
policy changes for the coming period.
Business acumen must be based on a foundation of understanding the
inter-relationship between each decision and its direct impact in the chain of
effects all the way towards final organizational results.
For best business impact managers need to understand not only financial
results, but other less precise results such as customer satisfaction,
reputation and employee effectiveness. This is not to mention the need for
balancing the whole picture of KPIs as addressed in greater detail by the
Balanced Score Card approach (Introduced by Dr. Nortan and Dr. Kaplan in 1992)
To express this, MBE Simulations have developed a 3-D Managerial Model
by which managers internalize a central equation called Extended Managerial and
Business Acumen (EMBA).
The formula dimentions are:
Business know-how - Explores the big picture. How the
organization operates, makes decisions and money and how success is measured.
Collaboration - Integrating the concept of the corporation in the
context of their own impact while targeting the common goal.
Accountability despite uncertainty - An uncertain and fluctuating
business world is a mangerial dimension that requires a proactive approach to ensure
target results regardless of unpredictable events. Control and actions must be
sustained over these unpredicted events.
Effective results are the combined impact of the previous
three dimensions and are the intended performance of the business processes. An
effective execution of a strategy, effectively optimizing these dimentions, is
the key for business success.