Targetsim Toolbox. Business Board Simulations: Features, Value, Impact. Dr. Gudrun G. Vogt Targetsim Founder & Managing Partner

Transcription

1 Targetsim Toolbox. Dr. Gudrun G. Vogt Targetsim Founder & Managing Partner Business Board Simulations: Features, Value, Impact. 1

2 What is a Business Board Simulation?! It is an experiential learning & development tool.! Think monopoly but business oriented and strategic.! It makes the essence of a company tangible, audible, visible.! A well designed business board simulation models the entire value chain: -! Assets: staff, inventory, machines, buildings -! Structure: business units and/or departments -! Processes: streams of activities in between, -! And beyond: customers, suppliers, other stakeholders. 2

3 How does it look like? Here s an example: tangible assets by their value in coins staff units department customer orders (come on cards) bank account revenue stream 3

4 Why Board Simulations? Retention of content: Listening 5% Reading 10% passive Business board simulations = Multi-sensory learning by doing, = Highest retention of content = Great fun. experiential learning Audio-Visual 20% Discussing 50% Practice by doing 75% active Source: NTL Institute of Applied Behavioral Science 4

5 What s the format?! It is used in a face-to-face setting, with a facilitator.! It is a 1 to 3 day program.! Participants work on the simulation in teams of 3 to 6.! Facilitator supports them, consults with them, gives inputs and feedback.! Session includes actionable take-aways for the workplace. Facilitator Market table Projector Beamer Screen Team 3 Flip Chart 5

6 How does a Board Simulation work?! Participants assume roles like Head of Sales, CEO, CFO etc.! They discover how the simulated business works.! They run the business through a number of cycles.! They measure success using Performance Indicators (KPIs).! They think about entrepreneurial initiatives to improve results.! They discuss expected impacts with the facilitator.! They put initiatives into action.! They experience and analyse the outcome. >! Multiple outcomes are possible. It s all about teams creativity, risk proclivity, the competitive edge just like in real life! 6

7 How does it look like in action? consulting with facilitator celebrating business sucess running the business presenting results 7

8 Why is the methodology so powerful?! It s experiential learning enriched by facilitator s inputs.! Participants learn by discovering and by doing.! They don t have to do it alone, it s team work.! They cope with real business challenges -! in a risk free environment, -! with maximum engagement and commitment. >! Participants don t get lost in details or number crunching, they see the big picture at any time. 8 8

9 Where Board Simulations come in. company strategy performance goals KPIs board simulation experience communicate align motivate implement individuals talent development change organizational development organization alignment with strategy commitment high performance profitability employee satisfaction customer satisfaction 9 9

10 Why should you opt for a Board Simulation? +! It s a proven methodology and a participant-driven accelerated learning tool. +! It s way more efficient than conventional lecturing. +! You minimize time out of the field -! using an effective and sustainable approach, -! and a cost and time saving method. +! It s also peer learning and team building. +! You enjoy immediate impact on on-the-job performance

11 What can you do with a Board Simulation?!!Build business acumen.!!foster strong strategic alignment.!!enhance entrepreneurial thinking and acting.!!accelerate sales performance.!!create financial literacy for non-financial people for driving performance, growth and profitability using KPIs.!!Support change initiatives, mergers or restructuring. 11

12 What is the outcome? +! Alignment with company strategy. +! KPI oriented decisions and actions. +! Awareness, know how, tools and action plans on how to drive business results. +! Higher individual and/or team performance. +! Strong employee motivation and commitment. +! Better communication and cooperation. 12

13 How do you proceed? We discuss your goals and business needs.! company strategy! aligned L&D needs! target audiences! budget and deadlines We evaluate results and optimize. We explore how we can contribute.! solutions and simulations! in line with strategy! and with initiatives in place! proposal and time frame You decide. We deliver the program. 13

14 For more information: Content of this presentation is based on our experience and on inputs from our customers and L&D experts. Feel free to contact us for more information: Targetsim AG Business Simulations. Performance Solutions. targetsim.com Phone Seegartenstrasse Zurich Switzerland Targetsim FZ LLC (Licence Partner) Dubai Knowledge Village P.O.Box Dubai U.A.E. Tel Swiss Quality Simulations since Targetsim is a registered trademark. Targetsim Simulations and simulation based L&D solutions are under the Copyright 2015Targetsim AG 14