Business Simulations are Essential in Improving Performance
Before setting foot in the real world, pilots, military personnel and disaster response teams use intense simulations to learn how to respond to high-intensity challenges. Why do we place corporate leaders and their teams in situations without first giving them a chance to try things out? The risks are huge, new strategy investments extremely costly. BTS offers a better way of improving performance: business simulations and discovery learning programs.
Business Simulations are Key to Strategy Execution
Business simulations are critical in building capabilities needed for superior strategy execution. They create a deep sense of ownership for the strategy ultimately motivating action back on the job.
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Business Simulation Definition
A business simulation—of your enterprise, business unit or process—uses real-world competitive dynamics and places leaders in a context where they step out of their normal day-to-day roles and gain exposure to the big picture. Participants make decisions in a risk-free environment, allowing them to experience critical interdependencies, execute best practices, and test the levers they can use to optimize their company’s key performance indicators.
BTS’s experiential learning and cutting-edge learning methodologies have been proven in successful implementations with leading organizations around the world. Our simulation tools allow companies to develop skills and capabilities at all levels of the organization. The competencies created ultimately drive improved business results.
Why Do Leading Corporations Use Business Simulations?
Companies are increasingly turning to simulations to help build strategic alignment and execution capability when faced with one or more of the following business challenges:
- Implementing a new strategy and key performance objectives
- Accelerating innovation and strategy execution
- Improving business acumen and financial decision-making
- Transforming sales organizations into business-results accelerators.
- Focusing leadership development on front-line execution.
- Implementing culture change aligned to strategy
- Integrating newly merged companies.
- Modeling complex value-chains for collaborative cost elimination
Within minutes of being placed in a simulation, users are grappling with issues and decisions that they must make—now. A year can be compressed into a day. And competition among teams spurs engagement, invention and discovery.