Here at PriSim we love our experiential, multi-day, competitive simulations – and our clients do too. They’re dynamic, complex, and the business-acumen lessons learned have a profound impact on our clients’ business results and on our participant’s careers. Plus, the no-holds-barred sparring between the competing teams is more fun to watch than a Roman arena spectacle.
But a holistic business simulation that spans every aspect of the company or industry is not always the best answer for every learning objective – and shouldn’t be the only (sim) tool in your belt.
In fact, a simpler simulation approach delivered in a part-day agenda might actually produce a better ROI and be equally effective in moving your organization toward its business goals, particularly if:
- The time allocated for the course is short.
- Budgets are a limiting factor.
- The learning objectives are few and precise.
- There is a need to quickly scale-up and deliver focused training to many participants.
- The competition aspect (fun though it is) is not a key part of the learning objectives.
Here’s a sample agenda and class portal for a 7-hour class we put together at PriSim titled “Insurance Carrier Finance for Non-Financial Manager”. The class is hyper-focused on insurance industry finance and combines lectures, a boardgame, and a What-If tool. Feel free to try out the What-If tool using the link in the Prework section.
So, choose the (sim) tool for the job wisely. If it fits, we’d still advocate for a holistic, company-wide business simulation. But also keep in mind the opportunities to deploy hyper-focused and simpler business simulation tools.
Because when it comes to business simulations, one size does not fit all.