Games People Play

Games make learning both fun and competitive while allowing for complex financial practices to be simplified. To illustrate how games can be used in open book management, assume that Northside Building Systems, a manufacturer of steel doors and frames, has decided to implement open-book management concepts. One of its key department is Assembly.

Assembly is responsible for combining components of various models of doors and frames into finished products. Most of the components that are required for assembly are manufacturer in other departments of the company. Assembly employees consist of one manager and 10 workers. All workers are highly skilled in the technical aspectsof assembling door and frame components; however none of the workers knows anything about financial management or accounting techiques. For these workers, the game must begin with very simple accounting principles. The outcomes of the game, as determined by financial and nonfinancial performance measurements, must be easy to comprehend and must be easily related to motivation for establishing the game, for example, to maximize firm profit, maximize customer satisfaction , and maximize shareholder value.

Posted under games, people, web by admin on Friday 17 July 2009 at 2:06 am

The Renaissance

Renaissance was the period of economic progress where cities were built. The term “Renaissance” came from the French language meaning “rebirth.” In this period, another word was created for man. There was a classical learning in the study of the ancient Greek and Roman texts. The ideals of classicism- balance, harmony, proportion and intellectual order became the artistic standard of the time.

As the classical Greeks believed in the harmonious development of the person a sound mind, through the practiceof athletics, the Rennaissance held up the ideal of the well-rounded man, knowledgeable in a number of fields, philosophy,science, arts, including painting and music, and applying his knowledge to productive and creative activity. The great men of the Renaissance were versatile. Michaelangelo was a great painter, sculptor, architect and poet; Leonardo da Vinci was a painter, architec, scientist, and mathematician. They developed their potentialities fully and showed how much a man can comprehend in his lifetime.

Posted under Home, people by admin on Saturday 30 May 2009 at 1:56 am