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Thousands of students playing business simulations have been asking a seemingly simple question from you, their teacher, and peers alike; how do I win the game? What are some surefire ways to beat the simulation? What are the best strategies?
The terms business simulations, serious games and experiential learning tools are sometimes used interchangeably by educators and even the developers themselves. An understandable hiccup considering the similarities, but when attempting to discern which methodology is the right choice for your course, it's important that you know the differences between them as well. In this article we will help you understand what sets these educational tools apart, and how to decide when are they appropriate to use.
If you are wondering whether business simulations are the right tool to educate your students with, then take a few minutes of your day and read on. Many people think that interactive learning sims are nothing more than video games wrapped in a slightly more serious attire, and few actually dig deeper to uncover the tremendous benefits they offer. Students however, know otherwise, and one only needs to ask to get a first hand understanding of the improvements in skills they experience after partaking in a simulations based course.
Have you ever tried to introduce your students to a business simulations based course for the first time? If so, you'll know that it can be difficult because participants may not be familiar with the medium or are just too eager to jump into the decision making part without paying proper attention to the overall goal of the exercise. So what do you do?
London Business School (LBS) is an international business school and a constituent college of the federal University of London, located in central London, England, United Kingdom, beside Regent's Park. LBS teaches postgraduate programmes in finance and management, in addition to its flagship Master of Business Administration (MBA and EMBA) programme. It also offers the Sloan Fellowship Programme for experienced business executives, a Masters in Finance (also known as MiF, a finance specialist programme), a Masters in Management for students with less than a year's work experience, a PhD, as well as non-masters programmes for business executives.
What an amazing start to the new year! Only two months into 2013 and we have already conducted several very successful training webinars aimed at our new instructors, added London Business School and the Higher Colleges of Technology to our list of customers, and participated in the Winter Marketing Educators' Conference in Las Vegas, NV.
There are several ways of assessing your students' performance in Cesim Business Simulations. One of them is using the Quiz function, and with the new questionnaire engine in the Cesim Instructor admin interface, you will have complete freedom over the questions that go into the final quiz for each individual student.
Are you a trainer in the financial industry or an educator teaching the essence of a banking business to your students? Then you will love Cesim Bank, a new addition to our family of business simulations focusing specifically on the workings of a financial institution.
The project is expected to be an important element of a chain of projects which aim to establish a virtual training environment for SMEs. The current project focuses particularly on one major group: adults who do not have a strong economic- and business educational background, and the goal is to provide them with further education in these fields. These students may need different learning content and varied pedagogical approaches, which is ensured by the various e-learning tools the project provides.
In this post we are going to delve deeper into one of the more advanced features of the Cesim Instructor platform; the Case Customization Manager. If you ever wanted to change the parameters or the story of a Cesim business simulation, this is the place to do it. With some neat new options added in our latest release, you can now do a whole lot more to make your case unique. Whether you are a novice or advanced simulations user however, modifying a default case might seem daunting at first, so we've put together a walkthrough of how to create a custom case for your course in 5 easy steps.
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