Simulations train pilots, soldiers, logisticians and doctors — professions where learning is vital and mistakes can cost lives and big money.
But mistakes during simulations result in valuable teaching moments – with no harm done. We now see a dramatic increase in the use of human capital development simulations. The understanding and study of business is well suited to simulations. While business mistakes rarely cost lives, they can cost livelihoods.
1. Learners need to know why they must learn something; they are relevancy-oriented
2. Learners learn best experientially
3. Learners approach learning as a problem-solving exercise
4. Learners learn best when the topic is of immediate value
Hands-on experience teaches better and faster
Lessons anchor in mind and emotions
Dry financial data comes to life
Experiential learning moves people out of their comfort zone to stimulate fresh thinking
Simulation breathes life into a sometimes arid topics
Learners see, experience and drive the live linkages between business functions, decisions and results
Learner love interactive, realistic problem solving exercises