Business Simulations for Leadership Development

CoreAxis Business Simulations

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Gone are the days of traditional learning and training. Don’t you agree? The remote revolution only confirmed what we already know—employees are ready to work and learn from anywhere. When it comes to learning, new generations seek practical solutions and experiences that will help them develop new skills and be able to implement them quickly. This is where business simulations come in handy as a learning modality that checks many boxes. 

Why Business Simulations Work

When going through a simulation, a learner gains experience that provides them with a practical skill set that can be applied in the real world. Being able to test and experiment without the fear of making mistakes is one of the biggest advantages for both the learner and the company. 

It goes without saying that nowadays you have to be flexible to deliver learning mostly online but also to be able to deliver in-person sessions when possible. Simulations offer you that flexibility, and they transform passive learning into an active training environment. The learning-by-doing experience offers learners the opportunity to make decisions and see their implications while staying fully engaged. 

Business simulations show the learner that they are important, not the training itself. They also help learners to: 

  • Improve analytical and critical thinking skills
  • Formulate and apply strategies
  • Manage team dynamics and develop team-building skills

Business Simulations for Leadership Development and Multi-generation Learning

What better way to explore which leadership style suits you best than trying it out through business simulations? It is very important for new managers and young leaders to learn from their mistakes and advance their leadership skills while experiencing the consequences of their actions and decisions. This way of learning helps participants build confidence quickly and minimizes the risks for the business.

The benefits are plenty:

  • Safe learning environments to practice leadership skills
  • The ability to learn anywhere and anytime
  • Possibility to personalize the learning experiences
  • Availability of data and assessment results

In the past, everyone was trained in the same way. But the fact is that there are many differences across generations, especially when it comes to learning preferences. That is why you need to adjust your learning experiences for different generations in order to get more effective results. For example, approaching millennial leaders with business simulation-based learning is a win-win combination because they are faster to produce results and give hands-on experience. 

Bonus tip: Leverage the power of technology to engage your learners by incorporating a variety of solutions, such as microlearning, video, short instructor-led training sessions and experiential learning via simulations. Provide your learners with the best way to bridge the gap between theory and practice. 

Innovation Workshop

If you would like to gain more insight into how to use business simulations and other types of immersive learning for future leaders, apply for the Innovation workshop by sending us an email to hello@coreaxis.com! We will walk you through best practices and help you create a strategy to best tackle the challenges of developing a modern workforce with immersive learning.

About CoreAxis

CoreAxis is a business performance consulting company that offers training solutions to businesses in a variety of industries, such as financial, life sciences, retail and technology. Each of these solutions can be fully customized to meet the needs of the individual client. We build collaborative relationships, becoming a trusted resource and ensuring our clients’ organizational success.

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