The dynamic environment of business simulations allows participants to put theory into practice in a risk-free environment. Through this kind of experimentation, participants can put theories to the test, see what works, and become innovative in their solutions to problems.
Learning outcomes are highly dependent on the conditions and motivation for learning. Business simulations are hands-on learning tools that involve competition between teams/participants. The game-like nature of business simulations is proven to engage participants and develop deep-learning skills such as collaboration, critical thinking and problem solving.
When playing a business simulation participants need to apply and practice important soft skills. These include but are not limited to adaptability and reliability, teamwork, conflict resolution, critical thinking, communication, and problem solving.
Business simulations develop participants' holistic thinking, commercial acumen, decision-making, and strategic skills.
Experiential learning methodology is the foundation of business simulations, and provides a higher level of knowledge retention compared to other instruction methods.
Failure is never pleasant, but learning from your own mistakes is key part of self-improvement. Business simulations provide a risk-free environment where failure is safe, yet the lessons learned are genuine and applicable in real life. Studies have shown that failure in a business simulation actually improves learning, as participants are more likely to reflect on and analyze their decisions when faced with suboptimal results.
Online business simulations can be applied in a classroom, hybrid, or virtual format. Groups can consist of fewer than 10 participants to thousands. Simulation content can be adjusted according to the target group, and facilitation can be handled by the organization's own resources or externally.
Integrating ESG (Environmental, Social, and Governance) decisions through simulations allows participants to experience the multifaceted impact of incorporating sustainable development goals into their strategic planning. Engaging in business simulations underscores the vital role of responsible management by seamlessly intertwining it with core strategy and operations, rather than isolating it as a separate policy. This experiential approach not only illustrates the importance of sustainable practices but also provides insights into balancing improved financial performance with delivering comprehensive value to all stakeholders.
Kalevankatu 16
00100 Helsinki, Finland
contact@cesim.com
(UK) +44 2033185655
(US) +1 (866) 644 0518
Cesim provides a broad portfolio of easy-to-use business simulations for educational institutions and corporations. As a leading education technology company we offer customizable, flexible, web-based simulations, compatible with all devices and operating systems. Come discover why over 1000 higher education institutions worldwide are currently using our simulations.
Cesim® and Cesim Global Challenge® are registered trademarks of Cesim Oy in the United States and/or other countries.
Terms and Conditions | Privacy Policy
©
Cesim Oy | All rights reserved