In what scenarios have organizations invited us to conduct and use business simulations effectively with their employees?
Over a period of last decade of working with mid-to-large corporates, quite a lot of organizations HR Head, CEO’s, L&D Heads and Business Heads have used our business simulations to develop the competencies of employees at junior, middle and senior level.
Here are the top reasons why organizations use business simulations.
- Business simulations are all about learning by doing, learning by failing, learning by making mistakes and learning from other people’s mistakes, in a simulated environment. Here the natural behavior of a person is revealed and this is a reflection of how individuals are on a day to day basis. To empower positive behaviors, organizations have found business simulations as one of the best methods to make their employees realize, reflect and learn.
- Most of the strategy meets, team meets, review meets and team building meets have lost their charm. Packed with presentations from different departments, these meets are plagued by not so great presenters and presentations. We have noticed after a period of time how employees become disengaged and that is evident by the way they sag and shift in their seats. To make team meeting filled with energy, fun and lots of learning, organizations made use of business simulations.
- The senior teams hardly get involved in any training program. Since most training programs are about providing information rather than engaging the participants, they soon lose interest in the program. To make senior teams, engaged, involved, make them do things and let them have lots of fun and learn in short period of time, organizations use business simulations.
- A CEO of a large organization said, “My team is made of genius individuals from top IVY league schools. But they suck when they work together as a team. They do not share best practices, are full of ego and do not collaborate with each other.” They used business simulations to make the top brass realize the impact of their behavior on the organization’s goal.
- A global CEO of a large bank created new values for the organization. The Managing Director of HR wanted to see if the 140 Vice Presidents were applying these values. Business simulations were used to test this and pave the way for organizational alignment.
- A global pharma company bought over an Indian Pharma company. Unfortunately, the cultures of employees from both companies were different. The HR team frantically wanted both the teams to be together, work together, share best practices and collaborate to achieve the goals of the organization. This pharma company used the power of business simulations to make the teams realize and reflect on their non-collaborative behaviors and how it impacts the organization’s goal. They first started with finance team going through the business simulations and seeing their success the research teams, legal team, supply chain team, nutrition team, HR teams and then their Middle east team and North America teams experienced the power of the simulation.
- A large bank’s L&D team did an amazing job at training 32,000 employees in a record 25 days. The soon took on a larger target of training 1,10,000 employees in a similar time frame. This was achieved by the collaborative force of the L&D team, thanks to the power business simulations. They now are getting ready to take on even larger targets and endeavor to achieve them successfully.
- A large bank’s back office MD based out of Philippines, who had his 16 core team members spread across Philippine and India wanted them to share best practices, bond with each other, support the US sales and marketing teams with accurate & timely data to win over their customers. They used the business simulations to make the teams collaborate with each other and share best practices. With the participants getting good results out of this experience they ran the business simulation for each of the 16-member core team, who in turn made their entire teams experience the business simulation.
- Some L & D teams in large organizations conduct 2 – 3 days’ leadership development programs for their senior teams. Sure enough they wanted to test if their teams have imbibed the learning from the leadership development programs and as well reinforce learnings. Business simulations were brought into effect to test and track their performance.
Keen to know in what scenarios your organization can use business simulations?
For more information please feel free to write to us at solomons[at]simurise[dot]com or visit our website www.simurise.com
SimuRise Learning Solutions conducts world class simulations which helps teams collaborate rather than compete, take calculated risks, make decisions in a short period of time, focus on strategy and implementation, trust teams and leadership, develop entrepreneurial mindset, develop creativity and proactivity, focus on multidimensional mindset and change management.