Create your own business simulation lab for better team decision-making
The huge interest in Serious Games, where gaming technology is used for serious or business purposes, has made it feasible for far-sighted organizations to gain enduring competitive advantage by creating their own business simulation labs to regularly present their senior teams with possible future business scenarios to improve decision-making and to allow the big mistakes to happen in the simulator and not in the business. My new white paper explains how.
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The first part of this paper, to be published in the January 2011 edition of The Effective Executive Magazine, explores how people learn and explains why business simulation has become a vital tool for organizations who need their leaders and decision-makers to be "well drilled" in rehearsing the many highly challenging scenarios they could encounter in the business year.
The second part of the paper builds on this by proposing a systematic road-map which organizations can use to quickly and effectively define, design, calibrate, refine and experience the benefits of their own custom business simulation lab.
To download a PDF of the full paper kindly provided by The Effective Executive Magazine Create an in-house business simulation lab to drill your teams in better decision-making
About Ken ThompsonKen Thompson delivers keynote conference speeches, workshop facilitation and in-house consultancy in four key business areas:
- Creating High Performing Teams in enterprises including Virtual and Mobile Teams (based on the Bioteams Book)
- Establishing effective Collaborative Business Networks enabling companies to co-operate effectively in areas such as sales and product development (based on the book - The Networked Enterprise)
- How to use the latest social media technologies including blogging and online communities to promote enterprises, brand, organisation or event
- Development of graphical on-line interactive Business Dashboards and What-if Simulators for organisations to support Performance Improvement, Strategy Development and Executive Team Development.
Bioteams Books Reviews
Ori Brafman introduces his forthcoming book, “Sway: The Irresistible Pull of Irrational Behavior” by sharing a very sobering tale which illustrates how even the most trusted professionals (airline pilots) can depart wildly from the rational under certain pressure conditions.