If you have been researching about educational technology or e-learning tools in order to increase the quality of learning and teaching, you may be interested in business simulations. There are loads of interesting facts about these business based games. Here are nine things that you should be aware of when it comes to this type of experiential-learning solution.
1. A Type of Active or Experiential Learning
Risk-free, collaborative decision making for businesses, problem-solving and strategising all contribute to building blocks for these business acumen simulation games. In addition, they belong to a realm of active and experiential learning. The principles according to the institute known as Learning Pyramid, is based on that “learning by doing” is regarded as a highly effective method of retaining knowledge. This is because it is able o simulate real experiences through activities of practice with coaching when compared to the other types of learning methods such as viewing visuals, listening to lectures, reading, live demonstrations and the completion of written exercises.
2. Educating Better Holistic Thinkers and Business Decision Makers
The main purpose of these business strategy games is based on helping the participants to practice and understand the interconnectedness of different business functions and disciplines and how actions that they make affect bottom line performances. It is highly important that the participants start to learn how to strategise and think holistically, in the way of discovering that none of the functional areas of a business operates within a silo.
3. Theoretical to Complimentary Education
Even though the practical decision-making skills are of importance, these business-simulator games play the role of being complimentary to theories that are taught by the educators. What enables the instructors to achieve this involves exemplifying different business concepts to do with collaborative and risk-free learning environments. This allows the participants with a way to connect these to the scenarios associated with their “virtual” companies.
4. Simple to Integrate Into Different Business Courses
The business simulation games are able to cover a variety of different business concepts in numerous disciplines with a goal to develop the participants’ “business acumen.” These selections span over International Strategy and Business, Business Management for Small Services, Marketing Management and onto much more. This is what makes it a simple task to integrate experiential-learning tools for an extensive range of business courses as well the training that deals with these types of topics.
The schedule editor which is flexible will also make sure that the educators are offered with the freedom in regards to the intensity and length of the simulation-based courses.
5. Work Better in All the Learning Formats
Importance associated with mobility along with ubiquity in regards to interconnectedness will mean that the majority of business-simulators will be online and will only require a simple browser in order to operate. This means they accommodate the traditional classroom settings, online or blended learning formats.
You will probably find that when you discuss the progress of simulation in your classroom, it will add even … Read More