Client: Tier-1 Automotive Parts Manufacturer
Simulation Used: Mini-MBA™
Specific Business Need: Develop leadership skills and business acumen.
Solution: Our client was looking for a course that would develop their leaders’ business acumen and leadership skills during a time of extreme change at the company while also demonstrating the company’s commitment to retaining their top talent by investing in an innovative and engaging training experience.
PriSim® developed a custom Leadership Laboratory™ for our client’s leadership development curriculum and delivers it in the U.S., Asia, and Europe. Participants complete leadership profiles based upon Kouzes and Posner’s research and examine their Emotional Intelligence using Daniel Goleman’s EQ framework.
Using an existing automotive manufacturing simulation, the Leadership Laboratory™ addresses the company’s specific leadership development objectives of strategic thinking, financial acumen, and effective leadership. Specific dynamics reflected in the simulation and the lecture content include:
- financing, capital allocation, and debt and equity management
- research and development and product-design
- marketing and distribution channels
- strategic decision-making under uncertainty
Developed real-world business skills in high-potential leaders by engaging them for 3.5 days in a full-immersion business simulation. Allowed risk-free practice in strategy, finance, marketing, and operations. Provided tools and approaches that can be immediately applied on-the-job.
Expanded proficiency in leadership practices that leaders need to effectively work with their teams in a challenging business environment. Provided understanding of leadership styles that can be applied in specific situations. Conducted “360-degree” leadership evaluations and examined Emotional Intelligence development opportunities.