BTS Strategic Execution Blog

10 Elements of Highly Effective Business Simulations

Tuesday, November 08, 2011 | Category :

By Rommin Adl

Rommin Adl Photo

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:

  1. Highly realistic with points of realism targeted to drive experiential learning.
  2. Dynamically competitive with decisions and results impacted by peers’ decisions in an intense, yet fun, environment.
  3. Illustrative, not prescriptive or deterministic, with a focus on new ways of thinking.
  4. Catalyzes discussion of critical issues with learning coming from discussion.
  5. Business-relevant feedback, a mechanism to relate the simulation experience directly back to the company business and key strategic priorities.
  6. 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.
  7. User driven: Progress through the simulation experience is controlled by participants and accommodates a variety of learning and work styles.
  8. Designed for a specific target audience level and business need.
  9. Outcome focused, so that changes in mindset lead to concrete actions.
  10. 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.

Email BTS To Learn More, Click Here

BTS is a public company traded at the OMX Nordic Exchange Stockholm under the symbol BTS b
© BTS All Rights Reserved