Analytical Skills-5 Benefits Most Courses Fail to Deliver

Are you leveraging these 5 benefits of analytical skills?

Having good analytical skills is a strength.

However, the most frustrating part of learning a skill set is when it is either:

• difficult to understand or
• almost impossible to apply to your work situation or
• both.

Would you agree with me?

Sadly, many online courses carry this burden.

Profits Master Class courses remove these and many more frustrations for you through Scenarios.

In the process, the benefits you will reap are:

• simplicity,
• relation to your own work place and situation and
• risk free decision making.

You are intrigued.

Let me explain what Scenarios do.

In this blog post, we will discuss the 5 Top benefits we have gotten ready specifically for you:

1. Scenarios place you right and center in the learning process
2. Real world situations are presented to you during learning
3. They develop problem solving skills in you
4. You can exercise No Risk decision making
5. Bridging The Knowledge Gap

Before we dive in, watch this video.

Let us now see how Scenarios benefit you with some examples.

Real World Scenarios for Analytical Thinking

We are excited about the possibilities for powerful learning for you with our Real World Scenarios or simply Scenarios.

Although it is not a new benefit for you (all our courses have this benefit for learners), it is something which differentiates us from other course courses in the market.

How, you ask?

Let me elaborate.

We know you will love what Scenarios can do for you!

Analytical Thinking and Profit Scenarios

What are Profit Scenarios?

Profit Scenarios are central to courses by Profits MasterClass.

They simulate real world situations in the hotel operation.

They follow the "Show Not Tell," principle of effective teaching.

They adopt the triple power learning benefits of

Simulate. Learn. Profit.

They contribute to building analytical skills.

Analytical Skills and the Learning Optimization Paradigm

Profit Scenarios are based on the Optimization Paradigm of learning.

There is a reason why the word "optimization" has been used versus "maximization."

So, what do we mean by the words optimum and maximum?

What is the difference?

Is there any difference?

Why should you as a business manager care about it?

Optimization takes into account both short term as well as long term impact of learning.

It takes the "and" approach and not the "or" one.

It is not learning for knowledge creation or application.

It is knowledge creation and application.

In fact, the central purpose of the knowledge creation is through its application.

Hotel Performance Review Scenario

Consider this typical real world situation presented to you in the courses about the hotel operation:

You are the Director of Food and Beverage of Paradise Hotel.

Your Financial Controller hands you the Profit and Loss Statement for the month of December 2019.

He is asking you the following questions about the performance of your division.

1. What caused the revenues to go up so much during the month of December 2019?
2. Why are the profits in Food and Beverage not up as much as revenues are?

Prepare a Note answering his questions and a recommendation for action.

How do Scenarios benefit you specifically?

Benefit 1 Scenarios place you right and center in the learning process

In the learning process, most online courses focus on what the topic of learning is.

This is because the objective is to gain knowledge or understand a new concept.

While this is important, it is really only a basic step of learning.

Most times that concept remains theoretical.

Its practical application has not been tested.

And so that knowledge fades away quite quickly.

Tell me and I forget, teach me and I may remember, involve me and I learn.

Scenarios place you right and center in the learning process.

You are involved actively.

You learn concepts and gain knowledge through real application.

Application to real world situations and problems that you face in your hotel operation.

It seems as if you are back in your hotel operation.

It seems familiar.

That cements the structure of your learning and analytical skills.

Benefit 2 Real world situations presented to you during learning

Not only are you involved in your learning, you are given real world situations.

Situations which will need you to analyze, to assess choices.

It will need you to apply the concept to the situation you are being presented with.

For example:

You are the Director of Rooms of Paradise Hotel.

Your General Manager hands you the Profit and Loss Statement for the month of January 2019.

He is asking you the following questions:

1. Why is the RevPAR falling?
2. How do we compare with the competition?
3. What is the impact on the Market Share?

Learning seems no different from being in your work place.

It is one thing to learn about, say, menu engineering analysis in a restaurant operation.

It is quite another to be presented a menu item list by the Chef (our courses will, watch the video) which you will be analyzing from a menu engineering perspective.

Application of learning is enhanced when that is closest to your regular work place and situations there.

Benefit 3 Develop problem solving skills in you

The most critical skill set that is looked for in managers is problem solving.

This involves analyzing a situation, understanding what the problem is, suggesting a solution and taking action.

Organizations need their managers to be able to problem solve. 

However, if you look at online courses professing to teach skill sets, they rarely address this problem solving ability.

All they are doing is to get you take on knowledge whose application you do not know about.

What use is that knowledge if you are not able to apply it to solve problems in your work place?

Scenarios develop problem solving skills in you.

For example:

You are the Director of Events Management

Your Boss, the Director of Food and Beverage wants to know:

1. Why the Catering/Banquet Profits are going down in spite of Banquet Revenues increasing over the last 3 months?
2. Is there something in the Pricing that needs to be corrected? What needs correction?
3. Are we under priced?
4. Is there any other reason for the fall in the profits despite revenue increases?

Write a note explaining the reasons and making recommendations. Show analysis.

By simply placing you in a situation which has multiple solutions and ways which you will need to figure out.

Scenarios make this part of your learning process.

They use the fictional example of Paradise Hotel and its Profit and Loss Statement to analyze.

See below:

So that, not only you take on new knowledge but you also know what to do with it to meet your work goals and objectives.

Scenarios develop analytical skills in you.

Benefit 4 No Risk decision making for you

Managers often are fearful of consequences of decisions, particularly bad ones.

They are fearful of being pulled up by their bosses for getting something wrong.

As a result, they dither from taking decisions.

That is not a good solution as a manager is required to take decisions as a matter of course.

Scenarios place you in real world situations and allow you make mistakes in your decisions.

There is no risk to an incorrect decision in Scenarios or real world problem situations.

You only correct yourself and learn without any risk of being admonished.

It is liberating to be able to commit mistakes (natural way of learning) and not risk a reprimand.

Scenarios build confidence in you by allowing you to make risk free mistakes.

You become good at decision making in this environment.

Benefit 5 Bridging The Knowledge Gap

Last but not least, Scenarios bestow a benefit which is unique.

Most online courses attempt to teach you concepts and techniques.

However, they never consider your current situation.

What is the level of knowledge you currently possess in that area?

What more do you need to know?

This is central to any adult learning environment.

Scenarios take a completely different approach.

They present you a real world situation and get you to analyze and problem solve.

In the process, they specifically require you to be aware of what is known as the Knowledge Gap.

The Knowledge Gap is the difference between what you know currently and what you will end up learning eventually.

Scenarios bridge this knowledge gap.

That allows you to be also aware of where you stand currently.

And where you will ultimately reach.

That realization is fresh.

It ensures that you are not kidding yourself.

You know where you are and where you are headed.

That is a liberating sensation!

Your Takeaways

What do you think about real world situations in learning?

And problem solving and the Knowledge Gap?

What kind of analytical skill sets do you look for in online courses for your development?

If you are an aspiring general manager, build The Ultimate 10 Tools in a Hotel General Manager Business Toolkit with the Mastering Hotel Finance Online Course.

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