Why business simulation?


Research has shown that simulations are second only to real life in ensuring that learning is real, relevant and that it sticks. Pilots, military personnel and disaster response teams use highly realistic simulations to learn how to respond to high-intensity challenges. Industry simulations apply this kind of learning experience to business.
So here are 4 reasons you should
experience business simulation at least ones:
Learning by doing
It is a well-known fact that people remember 80% of that they have experienced and only 20% of what they have heard or seen. That's why business simulations turn to be extremely effective not only in acquiring skills but building competences: you learn by doing. Participants learn from their mistakes, make adjustments, and actually test out the knowledge by putting it into practice. Within this trial-and error process, professionals are in a better position to take their learning back into the workplace and make better decisions immediately.
Experiment, risk-free
A great advantage of business courses is that they allow you to experiment without real-life risks. A simulated learning environment encourage participants to try out different strategies, analyze the results and market response, then choose their direction, all without losing a penny. It is a safe way to experiment with different scenarios – for example, a new product launch, new marketing strategy, or organizational change initiative.
See results immediately
Another appeal of simulation games is their real time feedback on decisions made. This not only makes them more engaging, but also helps professionals to practice a number of different strategies in a short period of time to discover what works best. In the simulation, a business year is compressed into a day or less: participants can thus experience, in a matter of hours, high-priority issues that would ordinarily occur over the course of several months. And just like in real life, success in a simulation depends not only on the strategy you choose, but also on the strategies competitors use.
Broaden your horizons
A simulation is built on real-world data and places executives into the virtual business world - a context where they step out of their normal day-to-day roles and gain a broad experience. Experiential activities boost people's creativity and help them see things from a different perspective as we learn even more when acting in a role outside of our comfort zone. Think as a boss, act as boss – simulations give a unique chance of managing a large company from the top, thus understand business as a system.
JANUARY, 13 / 2020

If you are working in FMCG or Retail, have a closer look to Storewars – the leading business simulation for consumer-facing businesses. Storewars offers a unique format of joint programs for FMCG suppliers and retailers by organising open courses in Europe, Asia, Americas and the Middle East. Check our nearest sessions or get in touch with us for more information.

Contact us with any convenient way:

E-mail: sw@storewars.net
Phone: +123 466 567 78
Social networks: Facebook | Instagram | Linkedin

© All Right Reserved. Storewars Inc.
e-mail us: sw@storewars.net