Business Simulations
allow students to apply the newly acquired theoretical knowledge in a simulated business world. Your students can gain hands-on managerial experience by running their own business in a safe game-like environment.
Simulation is a process or system that mimics the real world over time. For decades, simulation training has become very popular in learning new skills and technical processes, and in a safe environment, learners can practice without affecting the realities.
Research and common sense have shown that behavioral skills are more difficult to learn than technical skills. Studies have shown that this usually takes 10,000 hours or 6 to 10 years to complete. As a result, learners find it difficult to maintain the practice of fuzzy and complex skill sets. As a result, the margin of error is higher and the cost of not mastering the skills is enormous.
Why Business Simulation ?
Pilots, military officers and surgeons go through thousands of hours of simulated training and practice before taking on their responsibilities. This is because simulated training environments teach these professionals how to effectively deal high-pressure situations, critical challenges and emergencies.
Given the huge acceptance of such simulations, wouldn't it, therefore, be wonderful if our learners also went through the same kind of experience to apply and test their learning?
Introduction
Golden Deal uses the concept of collaborative competition between teams to emphasize the importance of team interdependence. In order to win this game, each team must rely on cooperation with others to exchange information and resources. Therefore, the team strives to be the best, while maintaining a good working relationship with other groups
How it works?
Teams representing fictional countries must cooperate in trading coins and information while competing for the most valuable combination of coins.
When to use it?
This game is a flexible, team-based event that leverages rich interpersonal and team processing skills. We particularly like to use it as part of a negotiation and strategic planning workshop. But it is an ideal choice for a variety of training topics, and it demonstrates the value of collaborative competition in times of change.
Participants will achieve
-
Teamwork
-
Strategic Planning
-
Leadership
-
Communication
-
Conflict Resolution
-
Negotiation
-
Goal Setting
-
Resource Sharing
-
Problem Solving
-
Decision Making
-
Managing Change