• Teaching a Business Simulation Class – Team or Solo Sport?

    It’s been said that there is no ‘I’ in Team, but that there is an ‘m’ and an ‘e’. Given that dichotomy, when it comes to teaching a business simulation class, what’s better – a Team or a ‘me’ approach? Like deciding whether to turn a car right or left at an intersection, it depends…

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  • Saying Goodbye (to a Supply Chain Partner) Is Hard To Do

    Hello, The global supply chain just played a real-world version of MIT’s “The Beer Game” – and lost.  And due to soaring costs and super-slow deliveries, a breakup with China may now be in the offing.  Maybe we should have just stayed home… As discussed in a previous PriSim post, no matter the industry, your…

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  • Even-Start or Unique Starting Point for Teams in Business Simulations?

    Running a business is complex! There are many interrelated/interconnected dynamics and activities that need to work together to drive total company performance. To focus participants’ time and thoughts on the most important issues, business simulations need to limit the scope of marketplace dynamics and thus participants’ decisions. One way to accomplish this is to have…

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  • A new, improved “normal”​

    I recently read a question that got me thinking: “what parts of ‘normal’ are worth getting back to?” Great question! In “normal” times PriSim primarily delivers instructor-led, onsite, live classes. Even though we’ve conducted distanced-based, virtual exercises for years with University audiences, those were the exception and not the rule (especially for corporate clients). Well,…

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  • Create an Unfair Advantage During a Recession

    Could any rational company actually look forward to a recession?  Here’s an article from the Associated Equipment Distributors that outlines how you can prepare for, rather than dread, an economic downturn.  The article describes how Caterpillar actively planned for the 2008 recession and was able to produce a profit and advance its financial condition –…

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  • How Jelly Beans Can Change The World

    It goes without saying, but we’ll say it anyway: it’s rude and inconsiderate to show up late to a meeting.  And while it shouldn’t need to be researched, you’ll find lots of data to support the negative impacts of tardiness, such as this article and this one. Think about it: ten people waiting six minutes…

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  • Custom Business Simulations – Guest Speakers

    Customization of a simulation can be expensive. If you can accomplish 80% of the learning with an off-the-shelf business simulation you don’t need a custom one. However, don’t always assume that the simulation software is what needs to be customized. There are simpler ways to customize a learning experience. One approach that can help bring…

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  • Top 3 Tactics for Business Simulation Exercise Time Management

    I am a time freak. My colleagues know it, as do my kids and family/friends. It’s a problem. During our courses there are many moving parts, all of which need to be coordinated and orchestrated to create an effective learning experience. As the facilitator, if you’re not “on top” of all these moving parts, things…

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  • Memo-Engine – Unexpected business challenges/disruptors

    There are times when a business simulation exercise should be customized to fulfill a specific learning objective (e.g. strategy change, focus on new business metrics, etc…). We have found that companies often believe the best way to customize an exercise is by modifying the business simulation software itself. However, in most cases the software doesn’t…

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  • Boost Knowledge Retention by Adding Some “White-Space”

    Want to turbo-charge the amount of knowledge that your students take away from your training classes and actually apply in the real world? Try providing “white-space” for reflection during each training day. Research has shown that people in training sessions who spend time at the end of the day actively thinking and reflecting on what…

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