ST. PETERSBURG, Fla. -Jan. 27, 2011 – Paradigm Learning, a training and communications organization specializing in the design of business games, simulations, and Discovery Maps®, released a new white paper today about developing the business acumen and financial literacy of managers and other organizational leaders.
“More than ever, in our fast-paced and competitive marketplace, it’s imperative for managers throughout the organization to understand the dynamics of how their organizations make money,” says Robb J. Gomez, president of Paradigm Learning. “Managers without this key competency are at a disadvantage and may not fully understand how their personal and departmental actions impact the organization’s profitability and align to overall strategic goals.”
This new white paper, “Developing Business-Savvy Leaders: Raising the Business Acumen of Managers for Bottom-Line Impact,” reviews the importance of business acumen, how it differs from financial literacy, and what organizations can do to develop this critical leadership skill.
Author Catherine J. Rezak notes that growing numbers of learning providers are developing learning experiences designed specifically to help managers acquire and sharpen their business acumen. Some, like Paradigm Learning, are using robust and highly interactive discovery learning approaches — including games and simulations — to more quickly and effectively guide learners to internalize a deeper understanding of the financial workings of their organizations, including how strategies and initiatives impact the numbers.
“The growing complexity of our rapidly changing business environment makes today’s leadership role especially critical. Organizations need managers who can — and will — contribute to financial success and who are able to use their knowledge about the organization’s goals and financial drivers to educate and engage their employees,” adds Rezak.
For more information about developing your leaders’ business acumen or for a free copy of the new white paper, “Developing Business-Savvy Leaders: Raising the Business Acumen of Managers for Bottom-Line Impact,” please visit www.ParadigmLearning.com.
About Paradigm Learning
Paradigm Learning is a privately held company based in St. Petersburg, Fla. Since 1994, it has worked with more than half the companies on the Fortune 500 list, creating award-winning business games, business simulations, and Discovery Maps® to address business-critical education and communication needs. More than a million people worldwide have experienced Paradigm’s flagship business acumen training program, Zodiak®:The Game of Business Finance and Strategy. Other Paradigm products address such issues as talent leadership, employee alignment, leadership accountability, team building, project management, and organizational change.
About the Author
Catherine J. Rezak is chairman and co-founder of Paradigm Learning. With more than 25 years experience in the human resources consulting and training field, she has worked with Fortune 500 clients on issues including employee selection, leader assessment, management training, employee development, project management, customer service, financial literacy, team effectiveness and change management. She has appeared on CNN Financial News and has had articles published in such journals as Strategic Communication Management, The Journal of Organizational Excellence, Pfeiffer Annual Management Development, and Project Management Network.
This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.