ABOUT SIMULATION STUDIOS
Learn a little about Simulation Studios
What We Do, Who We Are
This two-minute video provides a basic introduction to what Simulation Studios does and who we are.
The Simulation Studios Story
Bill Hall comes from the upper ranks of high-tech turnarounds. He spent many years working with top tech companies, including Apple, Nortel, AOL, and Skype. During his corporate-turnaround years, Bill learned that a company might have a great strategy, but without effective leadership and employee alignment, the strategy was as good as dead. Bill also realized that leadership development concepts aren’t helpful unless participants understand how leadership works. His efforts to create an effective corporate learning environment eventually led to Simulation Studios, where he built a team of likeminded former executives.
Since 2003, Simulation Studios has partnered with many of the most successful global companies to craft business simulations. We create experiences that apply leadership-development programs and strategic-change initiatives in a compelling learning environment. By design, we’re boutique and easy to work with, providing an exceptionally high degree of personal attention.
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Business Simulation Ebooks
What is a business simulation?
Business simulations are learning-reinforcement tools. They are often used by corporations for manager training and leadership development. In most cases, these tools combine behavioral and financial attributes similar to a real company. These tools often have various names such as company simulator, business simulator, corporate simulator, and a lot more. In general, most call them business simulation(s).
Business simulations are powerful tools that give corporate training participants a hands-on learning experience. Trainees work through complex topics such as leadership development, leadership effectiveness, business acumen training, strategic thinking, teamwork, and innovative thinking. In the past, business training simulations were available only to the top global companies. However, due to advancements in development tools, these corporate training simulations are now available to companies of almost any size and at any stage of growth.
How do business simulations work?
Business simulations for corporate training and development create an immersive experience. Participants are presented with a simulated company and must decide where and how to allocate resources to achieve a set of key performance indicators (KPIs). Business simulators range from ready-to-go packages to highly advanced custom corporate simulations that require many months of development. Due to the nature of these advanced learning tools, most business training simulations are facilitated by a leader. This simulation facilitation helps connect the training content to the action within the corporate training program, and then back to the participants’ jobs. Training that takes advantage of business training simulations has some of the highest learner-engagement scores of any training support tools available. Simulation Studios both creates and facilitates corporate training simulations for use within leadership development, business acumen training, and a lot more.
Top 5 Tips and Tricks to Successfully Use a Business Simulation Within Leadership Development
Think Simple: Business simulations should not be complicated. Small, focused, closely aligned solutions lead to the highest training-content retention.
Talk to Others: Talk to those who have successfully used business simulations within leadership development. Feel free to contact us. We can put you in touch with companies that have successfully implemented business training simulations. They’ll be delighted to assist you.
Grab Some Paper: When most people think of Leadership Development Business Simulations, they automatically imagine they have to be computer based. However, paper-based business simulations can be highly effective and are easier to manage.
Stay Focused: Ensure the leadership-development business simulation doesn’t stray from your training goals and objectives. Scope creep is the enemy. Write out your learning objectives ahead of time and ensure the business simulation stays aligned with those.
Partner Up: If you find yourself wanting to build something but expertise isn’t available within your organization, find a partner! You might look for a counterpart within another organization that has worked with business simulations before and can assist. Alternatively, hire a firm that can assist. Ensure you partner with a firm you have full trust in and that has a great track record of partnering with customers.
Getting Started Resources
Article written by Bill Hall
Business Simulations Can Be A Powerful Tool For Leadership Development – But Proceed with Caution
Book written by Bill Hall
Shift: Using Business Simulations and Serious Games: A Straightforward Guide for Corporate Training and Development
*Please note, I often put this Kindle book up for free.