MBA education globally is revalidating itself. The Graduate Management Admission Council (GMAC) reported stable demand for MBA application volumes in their October 2018 study, but there are significant differences between programs. Biggest declines are seen in the traditional 2 year programs whereas programs that have added topical concentrations and flexibility with online modules have gained double-digit growth.
Tags: How to use business simulations, Why use business simulations, Business education, Higher education, Employability, MBA, MBAlife
Spoilers are the absolute worst. This we know. Whether it’s the friend who accidentally blurts out the ending of a great book, the film review that diligently covers every twist and turn of the storyline, or the student who shares coursework information with subsequent cohorts, spoilers can annoy and infuriate. What they take from us can never be returned: our honest, unfiltered and unprepared response to a piece of creative work. The theft of our unique, personal journey through what may often also be a shared experience. “There he is, officer. That’s the man who told me the butler did it.”
Tags: Customization, Business simulations tips, How to use business simulations, Why use business simulations, Practice business theories, business game, Serious Games, Student engagement, student motivation, business simulation, business simulation games, Business education, Business acumen, experiential training
As an educator looking for a boost in student engagement you might be thinking about implementing a business simulation in your course. Consequently you wonder if/how you can utilize your existing materials and integrate those with the simulation to provide a full learning experience for your students. If you have gotten this far you are on the right track. Namely, a simulation is a way to put theory into practice and if there is no theory, the simulation can become a game-play only.
Tags: Acquire practical business skills, Why use business simulations, Serious Games, Executive Management Education, business simulation games, Business education, Higher education, Business acumen, experiential training
Time flies when you're having fun.
Business education and corporate training is aimed mostly at adult learners who already have knowledge and experience in the field they wish to improve. They are usually very eager to apply and test their learning in a real-life scenario. If you also consider that business simulations allow their participants to apply several business concepts concurrently, so that they get a holistic understanding of the business decision-making process, then it becomes obvious why business simulations are an ideal tool for adult business education.
Tags: Why use business simulations, business game, Serious Games, Generation Y, Neomillennials, Millennials, Student engagement, student motivation, business simulation, business simulation games
At the Mikkeli Campus of Aalto University in Finland, students in the final phase of coursework for their BScBA degree participated in CESIM Global Challenge during the spring capstone course (all will go on exchange the upcoming autumn). This course combines finance and strategy decisions with close examination of aspects of the 'human dimensions' of students' future workplaces; a combination that has been central to each iteration since its first use in 2015. At all times participants are working, in parallel, on two questions: “What are our options for achieving the best possible return to shareholders?” and “How do we establish - and maintain - effective group dynamics within our team?”
Tags: Case study, How to use business simulations, Why use business simulations, edtech, Student engagement, Finland
