By Rommin Adl
A business simulation 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. In order to be effective, business simulations must encompass 10 critical elements:
- Highly realistic with points of realism targeted to drive experiential learning.
- Dynamically competitive with decisions and results impacted by peers’ decisions in an intense, yet fun, environment.
- Illustrative, not prescriptive or deterministic, with a focus on new ways of thinking.
- Catalyzes discussion of critical issues with learning coming from discussion.
- Business-relevant feedback, a mechanism to relate the simulation experience directly back to the company business and key strategic priorities.
- Delivered with excellence: High levels of quality and inclusion of such design elements as group discussion, humor, coaching and competition that make the experience highly interactive, intriguing, emotional, fun, and satisfying.
- User driven: Progress through the simulation experience is controlled by participants and accommodates a variety of learning and work styles.
- Designed for a specific target audience level and business need.
- Outcome focused, so that changes in mindset lead to concrete actions.
- Enables and builds community: Inter-personal networks are created and extended through chat rooms, threaded discussions and issue-focused e-mail groups; participants support and share with peers.
To learn more about BTS’s customized business simulations, check out bts.com.
About the Author: Rommin Adl is an Executive Vice President at BTS. To Learn More, Click Here