Business Simulation
This module is packaged in the following different courses:
What's Business Simulation?
The game is in essence not a game at all. It is a carefully constructed business skills development tool masquerading as a game.
The game is interactive and experientially based. It simulates real market conditions and business scenarios in the training room.
The process gets participants to weigh up information, make decisions and react to the consequences. Participants see the results of their actions and experience the thrills and spills of real life business activity.
The game is a facilitator’s dream because it practically runs itself. As participants compete with each other to succeed in business, the debates get intense, decisions get weightier and the results provoke emotions of success and failure. The result ? Light bulbs flash, paradigm shifts occur and vital learning points stick.
Hundreds of business development organisations worldwide incorporate the game into their own training programmes.
Why the game works?
- Participants play in three teams that each represent a business. The simulation is played with ‘real’ money that is borrowed from the bank and has to be repaid with interest, at the end of the ‘month’.
- The winning team is the one that best manages and grows their business in the face of stiff competition and unexpected crises.
- Every lesson is learned from the players’ actual experiences in the game
- Players learn by group discussion
- Only basic literacy and numeracy skills are required
- It takes only two hours to set up, play and discuss each module
- It’s great fun to play!
The Teaching Methodology
The Discovery Learning method used is experiential in nature - it is about learning through doing. By playing the simulation, participants learn lessons for themselves from their decisions and mistakes.
Implementation
The Business Simulation is supported by facilitator training (contact
- A Facilitator’s Manual that easily leads the trainer through the programme, explains the theoretical business concepts, and provides instructions to be given to participants
- Step-by-step instructions for how to run the simulation
- All other materials for the simulation
- Learning activity work-cards for participants
