During the summer of 2019, we created an infographic detailing both WHAT leaders learn from a Business Simulation and HOW leaders learn during a business simulation.The rapid push to virtual work has made the summer of 2020 look very different from both a work and life perspective. Yet, while so much else has changed, the impact of a business simulation remains intact. The combination of experiential learning and collaborative exercises in which individuals connect and interact make business simulations the perfect solution for a virtual leadership development experience. Business simulations have eight key elements that make them effective in the virtual setting as they drive interaction and create opportunities for feedback and reflection.
When you hear the term “business simulation," what comes to mind? Images of MBA case studies, computer-based games, maybe even memories of prior simulation experiences? You may be surprised to find that business simulations can be far more effective for your organization than you thought. Breaking down the common simulation misconceptions shows how valuable they can be for your organization.
Leadership development programs contain multiple learning methods, but none impact growth and development to the same degree as experiential learning. When leaders directly address their most common challenges by actually making the tough decisions in real time and reflecting upon the results, they begin to forge behaviors and a long-lasting leadership skills at rapid rates.
CHALLENGE Our client recently closed an acquisition of a company larger in size, with largely complementary products and global operations.
When you hear the term “business simulation," what comes to mind? Images of MBA case studies, computer-based games, maybe even memories of prior simulation experiences? You may be surprised to find that business simulations and their impact on your organization can be far more than you imagine.
The Institute for Corporate Productivity recently completed a case study about Ford Motor Company’s Global Executive Leadership Program.