Simulate real-life business decisions in a fun, realistic and risk-free environment with Invent Your Future Business Simulations. The competitive nature of these business challenges stimulates team-building and helps develop leaders. We help companies design cross-department, cross-company and partner team-building events and work with HR and Diversity leaders to utilize Business Simulations for assessment during on-boarding or advancement decisions.
Business Simulation Overview
Just as pilots learn to fly using flight simulators, the Business Simulation Challenge lets business people simulate real-life business decisions in a fun, realistic and safe environment. Teams compete against each other, taking control of an under-performing company in an emerging market. Decisions are similar to those encountered in real life, including pricing, salaries, research & development, staffing levels, customer service, promotion, quality and training.
The outcome of the Challenge is determined by how well a team’s chosen strategy reflects the original objectives and how well it is implemented. Teams must establish clear priorities, identify specific areas where there is a need for change, recognize the consequences of these changes and achieve the desired outcome before their competitors.
How are Teams Structured
Four to six members per team; up to six teams. Teams can be from the same company or from multiple companies.
How Many Variables Factor in?
Teams make decisions on over 20 different variables during each trading period (years). The game continues for up to six trading periods.
Who Can Participate?
Individuals from across many departments (customer service, marketing, R&D, engineering, finance, etc.) at companies such as Hewlett-Packard and Symantec have benefited from this program.
What Packages are Available to Corporations?
There are several options, including a two or three-day on-site workshop, an online version and a combined on-site/online event. Shorter programs lasting half day or two hours, with fewer decisions and trading periods, are also available.
What Does the Simulation Entail?
During the game, teams make decisions by weighing simulated market drivers and business goals and balancing the concerns of many different constituencies – customers, staff, suppliers and shareholders.
Participants:
- Take into account the short, medium and long-term consequences of their decisions
- Balance the influence and control of finance, operations, human resources and marketing
- Decide where to focus their attention: product development, quality, staff morale, customer service, training, promotion, recruitment, salaries, pricing
- Learn to take risks and work well with the other members of their team