Post on 02-Jul-2015
description
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© 2012 Targetsim AG | www.targetsim.com 1
Dr. Gudrun G. Vogt CEO Targetsim AG
Business Board Simulations: Features, Value, Impact.
Targetsim Toolbox.
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© 2012 Targetsim AG | www.targetsim.com
What is a Business Board Simulation?
• It is an experiential learning & development tool. • Think ‘monopoly’ but business oriented and more complex. • It makes the essence of a company tangible, audible, visible. • A well designed business board simulation models the entire value
chain including: - Assets: staff, inventory, machines, buildings - Structure: business units and/or departments - Processes: streams of activities in between, - And beyond: customers, suppliers, other stakeholders.
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© 2012 Targetsim AG | www.targetsim.com
How does it look like?
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Here‘s an example:
asset (infrastructure) resp. its value in coins
staff
department
bank account
revenue stream
clients‘ demand (comes on cards)
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© 2012 Targetsim AG | www.targetsim.com
Why Board Simulations?
Business board simulations = multisensual learning ‘by doing’, = highest retention of content, = great fun!
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Listening 5%
Reading 10%
Audio-Visual 20%
Discussing 50%
Practice by doing 75%
Source: NTL Institute of Applied Behavioral Science
pass
ive
activ
e
experiential learning
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© 2012 Targetsim AG | www.targetsim.com
What‘s the format?
• A business board simulation is used in a face-to-face setting, with one or more facilitators.
• It is a 1 to 3 day program. • Participants work on the
simulation in teams of 3 to 6. • Facilitator(s) supports them,
consults with teams, gives inputs and feedback.
• Session includes actionable take-aways for the workplace.
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Market table
Facilitator Projector Beamer
Screen
Flip Chart
Team 3
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© 2012 Targetsim AG | www.targetsim.com
How does a Board Simulation work?
• Participants assume roles like CMO, CEO, CFO etc. • They discover how the simulated business works. • They run the business over a number of business cycles. • They measure success using Performance Indicators (KPIs). • They think about entrepreneurial initiatives to improve results. • They discuss expected impacts in the team/with the facilitator. • They put initiatives into action. • They experience and analyse the outcome.
> Multiple outcomes are possible. It’s all about teams’ creativity, risk proclivity, the competitive edge – just like in real life!
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© 2012 Targetsim AG | www.targetsim.com 7
How does it look like in action?
consulting with facilitator
presenting results
celebrating business sucess
running the business
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© 2012 Targetsim AG | www.targetsim.com
Why is the methodology so powerful?
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• It’s experiential learning enriched by peer learning and
by facilitator’s inputs. • Participants learn by discovering and by doing. • They don’t have to do it alone, it’s team work. • They cope with real business challenges
- in a risk free environment, - with maximum engagement and commitment.
> Participants don’t get lost in details or number crunching, they see the big picture at any time.
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© 2012 Targetsim AG | www.targetsim.com
Where do Board Simulations come in?
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company strategy
performance goals KPIs
talent development
change organizational development
profitability employee satisfaction customer satisfaction
alignment with strategy commitment
high performance
experience communicate
align motivate
implement
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board simulation individuals
organization
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© 2012 Targetsim AG | www.targetsim.com
Why should you opt for a Board Simulation?
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+ It is a proven methodology and a participant-driven
accelerated learning tool. + It’s way more efficient than conventional lecturing. + You minimize time ‘out of the field’
- using an effective and sustainable approach, - and a cost and time saving method.
+ It’s also peer learning and team building. + You enjoy immediate impact on on-the-job performance.
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© 2012 Targetsim AG | www.targetsim.com
What can you do with a Board Simulation?
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ü Build business acumen. ü Foster strong strategic alignment. ü Enhance entrepreneurial thinking and acting. ü Accelerate sales performance. ü Create financial literacy for non-financial. ü Support change initiatives, mergers or restructuring. ü Kick-off implementation of an initiative. ü Add sparkle to an employee meeting or event.
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© 2012 Targetsim AG | www.targetsim.com
What is the outcome?
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+ Alignment with company strategy. + KPI oriented decisions and actions. + Awareness, know how, tools and action plans
on how to drive business results. + Higher individual and/or team performance. + Strong employee motivation and commitment. + Better communication and cooperation.
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© 2012 Targetsim AG | www.targetsim.com 13
How do you proceed?
We discuss your goals and business needs. We explore how we can contribute.
You decide.
• company strategy • aligned L&D needs • target audiences • budget and deadlines
• solutions and simulations • in line with strategy • and with initiatives in place • proposal and time frame
We deliver the program.
We evaluate results and optimize.
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© 2012 Targetsim AG | www.targetsim.com
For more information:
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Content of this presentation is based on our experience and on inputs from our customers and L&D experts. Feel free to contact us for more information:
Targetsim AG | Business Simulations. Performance Solutions.
www.targetsim.com | info@targetsim.com
Phone +41 43 499 08 08 Seegartenstrasse 6 | 8008 Zurich | Switzerland
Targetsim FZ LLC
Dubai Knowledge Village | P.O.Box 502221 | Dubai U.A.E. Tel +971 4 367 82 58
Swiss Quality Simulations since 1994.
Targetsim® is a registered trademark. Targetsim®Simulations and simulation based L&D solutions are under the
Copyright© of Targetsim AG