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How Simulation-Based Business Games
bring a New Dimension
to the way Companies Perform What if managers could practice overcoming challenges, implementing change and maximising opportunities in a safe, simulated environment before testing their abilities in real life situations? In short, why don't business managers have the same opportunity as pilots, surgeons and other professionals that are responsible and accountable for critical decisions?
Click here for a dramatic example of the power of simulation from the world of aviation. 
THE CHALLENGE
You have just been appointed an executive director of a company which produces virtual reality systems. Your objective is to maximise the value of the company, while balancing the needs of stakeholders, employees, customers, creditors and suppliers. Implementing your chosen strategy will test and stretch your understanding of:
- how different strategies affect company performance
- how finance, marketing, R&D, personnel and production issues interact
- how to balance caution and calculated risk
- how a business is funded
- how to interpret balance sheets, P&L statements and key ratios
- how to make better and quicker business decisions
WHY IT WORKS - Simulations provide a risk-free opportunity to practice management skills.
- Experimenting with alternative strategies in a safe, virtual environment builds confidence.
- The competitive element of the business challenge stimulates team-building and helps develop leaders.
- Knowledge is more effectively acquired, absorbed and retained because it is inextricably linked with the success of the team.
- The opportunity to win the challenge motivates personal development.
"I hear and forget, I see and remember, I do and understand."
Confucius |
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