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.
Make your corporate learning programs impactful with a business simulation
Discover the ins and outs of business simulations and how they can be used in a variety of ways to develop critical skills for employees. Download our guide to find out more.