Business Simulation Program
Case Study based Business simulation
Business Advisory Clinic uses business simulation as an experiential learning tool where participants run a virtual business in a simulated environment. The simulation game lets users practice real-world skills in a realistic and risk-free setting that creates an interactive and fun learning experience.
Some benefits of business simulations are that they permit students to experience and test themselves in situations before encountering them in real life, they permit students to experiment and test hypotheses.
It will be designed to develop leadership competencies based on creativity and innovation
Benefits
Scenario planning
- Mirroring the case study approach, business simulation games give students the chance to explore the dynamics of specific business environments or markets utilizing applied learning without the threat of ‘real world’ side affects.
- As simulated disruptions affect the company in the form of economic challenges, human resource constraints, service disruptions, and more the role players need to manage the changing conditions with team work and planning through scenarios experimentation.
Strategic thinking
- Participants practice skills ranging from market and financial analysis, to decision making and improved teamwork, participants really understand the complexities of running a business.
- Engaging strategizing, financial analysis and teamwork as they have to deal with the consequences of their business decisions. The result of this is a higher level of learning made possible with business simulations.
Role Playing
- Participants receive a role – founder, investor, employee – and sufficient information to be able to make decisions in their respective roles. The game allows students to employ applied learning to the impact of negotiations, deal-making and the power of interpersonal communications in business.
- Business skills like Marketing, Finance, Strategic Planning, Human Resources will be facilitated blended with cohort based experimentation and application
Book a Consultation
Feel free to complete the form below and find out more about our Business Simulation Program or to book a consultation. One of our dedicated team members will get back to you shortly.
FAQ
A business simulation is an experiential learning tool where participants learn by running an industry specific virtual business in an interactive, risk-free, and realistic environment. Business simulations help practice and improve business skills, such as business acumen financial and market analysis, operations, decision making, problem solving, teamwork, communications & leadership
Participants are able to put theory into practice, we are able to boost participant engagement through a dynamic and engaging platform. It has been proved to result in higher knowledge retention as it provides participants with a practical environment for skills development. It also provides a risk-free platform for participants to fail and cope with uncertainty in order to build resilience and anticipate more constructive decision-making in the future.
The business simulations are modeled on real-world environments and common challenges that span over multiple industries. Regardless of whether your simulation is directly related to your business, the problem-solving skills and design thinking mindset developed through the program will empower you to resolve issues, optimize operations & initiate growth with confidence.
There can be as few as 3 participants and up to 1000 depending on your needs. Large groups are split into teams that compete not only against other teams within your organization but an international standard. Some programs such as the General Management program can be completed by individuals.
As with all of our BAC programmes we have dedicated client/student liaisons on hand to assist you with any queries you may have during your Business Simulation Program. Simply contact info@businessadvisoryclinic.co.za and you will receive a response within 36-48hrs.
- Ensure the competitiveness of your business in the long run
- Improve communication and teamwork between departments & colleagues
- Help managers make better decisions by taking other departments into account
- Help participants understand what decisions contribute to shareholder value
- Assists with talent acquisition and talent management
- Assist you to train cross-functional management teams in a virtual environment
- Improve your holistic understanding of your company’s business activities
