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On the agenda, was a businesssimulation that was akin to an outdoor scavenger hunt. The participants were divided into small groups and each team was asked to spend a few hours strategizing and developing a plan that would lead to the best and fastest way to find items and “collect” associated winnings.
Despite building the first technology-enabled, web-based businesssimulation platform that was optimized for developing forward-thinking leaders, this approach still resulted in the same problem — people knew a lot but could do little. Seems obvious, right? Why is this important?
This week's compilation by The Regis Company brings together articles focused on the topic of leadership development simulations. We’ve rounded up articles on everything from specific instances when simulations should be considered along with the "good" stress that businesssimulations bring to bring to its participants.
If you're not running an innovative innovation contest to invite participation and build brand, then you're reacting to your competitor's competition. There will be a Farmville counterpart or equivalent that becomes a welcome teaching and/or businesssimulation and learning tool in the enterprise. Who's running it?
and the rest of the participants were undergraduate students at a UK university who engaged in a businesssimulation. We conducted three studies in which we surveyed a total of 952 individuals. More than two-thirds of these were working adults based in India, the UK, and the U.S., whether they were positive or negative).
And its participants were the kind of accomplished, ambitious, and mobile managers for which companies wage talent wars. One participant offered a telling metaphor of this way of seeing the institution’s value: You can learn to live in a jungle in three ways. We followed 55 such managers for one year.
Participants are taken out of their day-to-day workplaces to be inspired by expert faculty, work on case studies, receive personal feedback, and take away the latest leadership thinking (and badges for their résumés). Businesssimulations or unstructured large group dialogues are examples of this.
If you’ve participated in a training or development program in the past two decades, chances are you took an assessment designed to increase self-awareness. While you may have discovered your “type,” “profile,” or “style,” it probably did little to make you a more effective leader or team member.
People Express, for example, is a businesssimulator that provides players with a rich inside perspective on starting and managing an airline. In each simulated time period, the player makes strategic decisions and receives feedback from past decisions—on how fast to grow, how to set prices, or how aggressively to advertise.
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