Business simulation

Going for Gold: Strengthening Your Teams Through Business Acumen

Although the 2016 Summer Olympics in Brazil are just a memory now, most of us saw some (or in my wife’s case, “all”) of the games. From the opening to the closing two weeks later, there was plenty of excitement and pride for both the athletes and the fans.employees-excited2

Interestingly enough, while all 11,000 participants were athletes, they all have very different skill sets, abilities and talents. Golfers play their own game, but some are much better than others – or are further advanced in their skills. Soccer players have different positions, requiring them to have slightly different skills, yet they’re all on the same team and complement each other with their abilities.

Business is much the same way. Each department, function, region or work segment is a vital part of the whole. All employees receive fundamental education or training before participating in specialized education/training that provides the competence and confidence to do their jobs and contribute to the good of the entire company.

So how important is it for your employees to understand your entire business? How deep should you go in your organization to get them to understand “your business” or business in general?

Believe it or not, if you want to get your employees excited about your business, provide them with knowledge about how it works – and link that to how valuable they are in each role.

You might say, “This all sounds good, but I can’t afford to put all of my employees through a course on business acumen.” Fair enough, but how about those who lead your employees? If your leaders were equipped with business acumen at a level they could appreciate, then they could answer the hard questions and provide guidance to help employees understand how the business works.

Blueline Simulations’ suite of business acumen courses includes:

ALL EMPLOYEES

Apples and Oranges – Business finance and strategy for employees at all levels Performance – Marketplace strategy for all employees

FIRST- AND SECOND-LEVEL LEADERS & INDIVIDUAL CONTRIBUTORS

Decision Base®

Business finance and strategy for managers of your manufacturing or distribution organization

Tango™

Business finance and strategy for managers of your service-driven organization

Business Challenge™

Online business finance and strategy for managers and individual contributors

HIGH POTENTIALS AND SENIOR LEADERS

Executive Challenge™

Business finance and strategy for executives and high potentials

Enterprise™

Market analysis and positioning for managers and executives

I invite you to contact us to learn more about any of our business acumen options, custom classroom simulations, Blueline Blueprint™ learning visuals or other innovative delivery methods that have been generating notable business results in leading organizations worldwide for more than 13 years.

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Making the Grade with Simulations

Although once reserved for the business school environment, team-based simulations have earned their rightful place in the training curriculums of learning organizations worldwide during the past decade. And the reasons are plenty:

  1. They facilitate team-building.
  2. They provide a quick and effective means to assess students’ strengths and weaknesses.
  3. They’re fun and engaging.
  4. They’re an outlet for extremely competitive students.
  5. They teach practical application of a broad range of skills such as business strategy and finance, project management, brand management, leadership, market strategy, sales strategy and trust.

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Proof positive

The Wharton School of Business presented a case on the effectiveness of team-based activities run remotely — either synchronously or asynchronously — at ATD’s National Conference a few years back.

Wharton’s experience with its Executive MBA Program was that, in addition to significantly reducing travel time and cost, learners retained more and were more productive when they had more time between sessions to digest and apply information.

The typical design approach incorporated a series of individual and group exercises that included podcasts, webinars, white papers, remote office hours and a remote group activity followed by a capstone live classroom experience. A far cry from when distance learning meant PowerPoint presentations via webinar.

One of Blueline’s popular simulations is Abilitie’s Business Challenge, a web-based multiplayer simulation in which participants take the helm of a virtual business and compete for market leadership. The simulation is set up and debriefed remotely via webinar. At the client’s option, the simulation can be supplemented with a series of case-based elearning modules called Fluent in Finance. The modules present a unique combination of elearning, simulation and virtual classroom experiences.

I invite you to contact us to learn more about any of our custom classroom simulations, Blueline Blueprint™ learning visuals or other innovative delivery methods that have been generating notable business results in leading organizations worldwide for more than 13 years.