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What Is A Business Simulation?

• Posted by eXcelerate Consulting January 2, 2020 Filed in Business #australian bank market share  #bank simulation game  77 views
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  What is Gamified learning? It combines immersive activities that mimic real-world challenges with a targeted briefly that connects the lessons learned with the reality of the workplace. It allows participants to learn by doing and not just by listening, reading or watching new competencies are developed more information is retained and individuals are more likely to apply it to the real world back on the job.

  Let us understand the experimental learning model that makes the business simulation games more impactful. We all hold in our minds mental models ideas and assumptions, these influence our decisions about what to do and how to behave. We implement our decisions by taking action the consequences of our action lead results. We, then, have the opportunity to learn by adjusting or enhancing our mental models. Thus completing the feedback loop and enabling us to make better decisions that are likely to produce best results. However, in the real world, there is a delay between the time of our actions and the time taken for the results to show up which stretches the learning loop to enhance our mental models.

  Business Simulation Games Online is a short circuit for learning and adjusting our mental models. The benefits of simulation are immersive, engaging and fun-filled as compared to a drag 50 slider PowerPoint presentation. Simulations connect to day-to-day life and work realities, so they are not merely theoretical. The learning Debriefs are very powerful and relevant as they are co-created by the participants themselves and not pushed by some trainers as they say we learn best when we learn by ourselves. Participants also get an opportunity to enhance and modify their mental models which creates new behavior which is of course the purpose of any simulation.