After an Income|Outcome workshop, a Purdue EMBA student had a game-changing insight for his pharmaceutical company.
The manufacturing team frequently used an expensive, oversized test tube. The student realized that with minimal retooling, they could switch to a smaller, cheaper alternative.
He quickly ran the numbers and identified potential savings? $4 million annually.
But insight alone isn’t enough. Drawing from the financial skills he gained in the simulation, the student crafted a solid business case with clear financial calculations. He took it to the finance team, who greenlit the plan immediately — and the company saw the anticipated savings.
What Happened?
Insight: Recognizing cost-saving opportunities
Action: Using financial acumen to make a compelling business case
Result: $4 million in annual savings
→ Using ‘finance’ to make the business case is a Better Business Decision
→ Cost savings of USD 4 Million is a Better Business Result
How will this program affect your relationship with others?
"Help motivate me to work within my department and with others to improve costs and more fully understand the full business relationships."