Are you considering e-learning or modern technologies and tools to improve your teaching act? Would you like to know more about business simulations? There are many impressive facts about business simulation and business acumen games. This article will detail nine of the most important benefits of this hands-on learning technique.
1. Increased Effectiveness of Experiential or Active Learning
Business simulator games are based on a series of elements that enable them to offer experiential or active learning. Such elements include risk-free business decision making, collaboration, strategy development and problem-solving. According to the Learning Pyramid, ‘learning by doing’ is one of the most powerful ways to retain information by stimulating a real experience. This method appears to be more effective than other learning tools such as reading, listening to podcasts, watching videos and demonstrations, and solving written tasks.
2. Promote Holistic Thinking and Effective Business Decision Making
The main purpose of business strategy games is to offer participants a better understanding of the way different business functions and disciplines are interconnected and how each of them can affect the overall performance of the company. These games enable participants to develop as holistic thinkers by making them understand all parts and functions of a business which are all tightly interconnected.
3. Complimentary to Theories Taught by Instructors
Business games play a complementary role to theoretical education, preparing participants for real life situations by developing their decision-making skills.
By using business simulation games, educators can exemplify business concepts they teach about, in a risk-free manner that invites everybody to collaborate to various scenarios.
4. Easy to Integrate Into Various Business Classes and Educational Programmes
As simulations cover a wide range of business concepts, they are easy to integrate into various business courses in a wide array of disciplines. They are suitable for … Read MoreContinue Reading