In today’s global business environment that is defined by Volatility, Uncertainty, Complexity, and Ambiguity (VUCA), professionals face many unforeseen new challenges in the midst of a pandemic throughout the world, and they want to be prepared.
Simulations create a competitive environment and is an enjoyable way of learning the core business concepts. It allows students to experiment with business strategies, test business ideas, and experience the consequences of their actions in a virtual business environment. As students apply their theoretical knowledge in the simulation program, they learned to make strategic and tactical business decisions. They develop critical skills vital to their success in today’s business world.
Learning through simulations, carried out in the form of business games, has a primary function: it puts learners in fairly realistic market situations to help them learn essential concepts! The simulations allow students to study the market conditions as well as the competitors, and allow them to take strategic actions in the operation of the business, and observe the results. Indeed, the most important lessons are learned by doing.
Students will be required to analyze and debate over various important business issues in teams. Each of these teams, a separate business operation, must make decisions to stay ahead of the game. Business simulation is crucial in the digital age for training business talents, understanding business operations, mastering strategic decision-making, cultivating actual combat capabilities, and stimulating innovation!
A management dashboard is a tool used to present all important management KPIs in a single place, share insights with c-level executives in an efficient way, and empower the management to make fast and data-driven decisions based on the latest information.