Business Simulations to Teach Business Acumen- Engaging and Educational
Business Simulations to Teach Business Acumen- Engaging and Educational
When most people think of business acumen training, they think, "Ugh, paper, slides, and BORING!" Ok, I'll admit, business acumen is not the most exciting topic to learn about. But the method in which you can learn it can be exceptionally engaging and even more educational. Think about the idea of no reading, no more than 15 PPT slides, and all hands-on. Doesn't sound so bad, does it? Better yet, imagine getting your hands-on being able to play with your company as a game while learning business acumen. Even more exciting, right? This is basically Business Acumen Gamification and it's amazingly engaging, educational, and strategic. Let's take a look at what this looks like:
Business Acumen Training Gamification
First, let's define gamification. According to Wikipedia, Gamification is: …the application of game-design elements and game principles in non-game contexts (source: Wikipedia.org). This tells us a little, but let's just think of Gamficiation as turning something boring into a game. Much easier. Now, let's just combine what we're talking about (business acumen training), and we're talking about making a business acumen training game.Second, let's now take your company and add it to the game. I'm talking about your industry, culture, products, etc. Bringing this element of realism makes it more interesting for you and applicable for your company. Now that we have these two elements, lets look how it behaves:In a business acumen training session we teach, participants are divided into teams. The teams then compete against each other in how effectively they can obtain profitability: Profits (at it's most simple level). Teams must control R&D, marketing, operations, people development, IT, etc.. Any decision they make has an impact on the business. This is basically a real-time business war games. Teams compete in real time business simulations that gamify the boring process of traditional business acumen training. This is training for this generation: Real, Engaging, and Applicable.In summary, business acumen training gamification makes leadership, management, or even individual contributor corporate training exciting, applicable and incredibly valuable. Have a look soon. You'll love it!