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Using Business Simulations For Corporate Training

Given the current global context, corporate learning & development professionals must be more agile than ever before. From quickly transforming programs online to delivering impactful, yet cost-effective training initiatives, their role now includes a unique set of challenges that are not always easy to overcome. Additionally, they must look for concrete ways to increase employee engagement while building the critical skills that employees will need to succeed in today’s disruptive workforce.

3 Reasons to use Business Simulations for Corporate & Executive Programs

Business simulations offer a multitude of benefits when used to develop employee talents. Here are some top reasons why L&D professionals should opt for using them in their programs:

1) They provide a risk-free realistic environment

Studies show the best way to learn is by doing. But sometimes there is too much on the line to allow employees to make potentially risky decisions in real life. Business simulations create a realistic environment where employees learn and can make decisions without comprising real business outcomes.

2) They build soft skills

According to a recent LinkedIn Workplace Learning Survey, given that technical skills have a relatively short shelf life, talent developers are now focusing on building soft skills for employees. Knowing how to collaborate, solve problems & think creatively are durable, long-lasting competencies that will serve employees throughout their career. In business simulations, employees learn these skills by working together on teams making critical decisions in a time-sensitive, highly competitive market.

3) They create learner engagement like no other method

When emotions are involved, engagement naturally follows. Business simulations create a visceral, emotional impact for participants, as they are competing against other teams, deciding what strategic moves to make on the fly, and seeing results in real-time. Employees are engaged in an emotional experience, and as a result they truly retain what they learn in the simulation and can apply their learnings back on the job more effectively. No other learning method creates a similar experience.

Building a successful online corporate training program with business simulations

Though the pandemic has accelerated talent managers to convert learning & development programs online, it looks like virtual training & online learning will be here to stay for the long run.

The good news is implementing an engaging learning tool like a business simulation is very easy. Completely web-based, our business simulations can be employed with ease in an online or blended environment.

Here is an example agenda of an online learning initiative using one of our 3-hour mini simulations, BrandPRO, DigitalMediaPRO, or MixPRO but any of our simulations can be adapted to fit an online, blended or face-to-face program.

How to get started?

Here we have gone over some of the basics on using business simulations for corporate programs. But there is more to uncover. Download our  handy guide on using business simulations for L&D programs to learn more about the concrete benefits and discover tips for implementing a successful program with business simulations.

And if you’re ready to have an in-depth look at how our simulations work for corporate learning initatives, feel free to speak with one of our advisors, they would be happy to show you in the ins and outs of our business simulations.