private.The Income/Outcome Business Acumen… er… Acupeople Award
Published Date
Income/Outcome University 2008: The Business Acumen Award for best performance in the Entrepreneurial Challenge business simulation was promptly renamed to Business Acupeople Award.Team M & M at Income/Outcome UniversityThis year’s winners with the highest retained earnings were Team “M and M” – congratulations to team members Jeannie Ramsey, Andromeda Training; Jose Maria Zamoro of Teneo Consulting in Spain; Helmut Hergeth, College of Textiles, North Carolina State University; and Sandy M., Fortune Brands.Entrepreneurial Challenge is the newest Income/Outcome business simulation – it is designed to run as a whole business experience in under four hours. Purely experiential learning, it has no formal finance lessons or financial analysis. It relies instead on ‘stealth learning’, as teams still work with a business finance model, use financial statements to report financial results, and have to think through all the issues of profit, cash flow, cost structure, pricing, operational improvements, supply and demand, and competitor analysis… just as they do in a regular Income/Outcome workshop.IOU 2008 marked the global release of Entrepreneurial Challenge. It will soon be available from many of the international distributors.