Business Boards Simulations

Targetsim Toolbox.

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Dr. Gudrun G. Vogt CEO Targetsim AG

Business Board Simulations: Features, Value, Impact.

© 2012 Targetsim AG | www.targetsim.com

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What is a Business Board Simulation?

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It is an experiential learning & development tool.

Think ‘monopoly’ but business oriented and more complex.

It makes the essence of a company tangible, audible, visible.

A well designed business board simulation models the entire value chain including: Assets: staff, inventory, machines, buildings Structure: business units and/or departments Processes: streams of activities in between, And beyond: customers, suppliers, other stakeholders.

© 2012 Targetsim AG | www.targetsim.com

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How does it look like?

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Here‘s an example: asset (infrastructure) resp. its value in coins

staff

department clients‘ demand (comes on cards)

bank account

revenue stream © 2012 Targetsim AG | www.targetsim.com

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Why Board Simulations?

Business board simulations = multisensual learning ‘by doing’, = highest retention of content, = great fun!

active

passive

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experiential learning © 2012 Targetsim AG | www.targetsim.com

Source: NTL Institute of Applied Behavioral Science

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What‘s the format?

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• A business board simulation is used in a face-to-face setting, with • • • •

one or more facilitators.

It is a 1 to 3 day program.

Participants work on the simulation in teams of 3 to 6.

Facilitator(s) supports them, consults with teams, gives inputs and feedback.

Session includes actionable take-aways for the workplace.

m2 Tea

am Te

1

Facilitator

Team 3

Market table

Projector Beamer Flip Chart Screen

© 2012 Targetsim AG | www.targetsim.com

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How does a Board Simulation work?

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Participants assume roles like CMO, CEO, CFO etc.

They discover how the simulated business works.

They run the business over a number of business cycles.

They measure success using Performance Indicators (KPIs).

They think about entrepreneurial initiatives to improve results.

They discuss expected impacts in the team/with the facilitator.

They put initiatives into action.

They experience and analyse the outcome.

> Multiple outcomes are possible. It’s all about teams’ creativity, risk proclivity, the competitive edge – just like in real life!

© 2012 Targetsim AG | www.targetsim.com

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How does it look like in action?

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consulting with facilitator

celebrating business sucess running the business

presenting results

© 2012 Targetsim AG | www.targetsim.com

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Why is the methodology so powerful?

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• It’s experiential learning enriched by peer learning and by facilitator’s inputs.

• Participants learn by discovering and by doing.

• They don’t have to do it alone, it’s team work.

• They cope with real business challenges - in a risk free environment, - with maximum engagement and commitment.

> Participants don’t get lost in details or number crunching, they see the big picture at any time.

© 2012 Targetsim AG | www.targetsim.com

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Where do Board Simulations come in? board simulation company strategy

individuals talent development

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alignment with strategy commitment high performance

performance goals change

KPIs

organizational development experience communicate align motivate implement

© 2012 Targetsim AG | www.targetsim.com

profitability employee satisfaction customer satisfaction

organization

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Why should you opt for a Board Simulation?

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+ It is a proven methodology and a participant-driven + + + +

accelerated learning tool.

It’s way more efficient than conventional lecturing.

You minimize time ‘out of the field’ - using an effective and sustainable approach, - and a cost and time saving method.

It’s also peer learning and team building.

You enjoy immediate impact on on-the-job performance.

© 2012 Targetsim AG | www.targetsim.com

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What can you do with a Board Simulation?

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Build business acumen. Foster strong strategic alignment. Enhance entrepreneurial thinking and acting. Accelerate sales performance. Create financial literacy for non-financial. Support change initiatives, mergers or restructuring. Kick-off implementation of an initiative. Add sparkle to an employee meeting or event.

© 2012 Targetsim AG | www.targetsim.com

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What is the outcome?

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+ Alignment with company strategy. + KPI oriented decisions and actions. + Awareness, know how, tools and action plans + + +

on how to drive business results.

Higher individual and/or team performance.

Strong employee motivation and commitment.

Better communication and cooperation.

© 2012 Targetsim AG | www.targetsim.com

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How do you proceed?

We discuss your goals and business needs.

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We explore how we can contribute.

company strategy aligned L&D needs target audiences budget and deadlines

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We evaluate results and optimize.

solutions and simulations in line with strategy and with initiatives in place proposal and time frame

You decide.

We deliver the program.

© 2012 Targetsim AG | www.targetsim.com

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For more information:

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Content of this presentation is based on our experience and on inputs from our customers and L&D experts. Feel free to contact us for more information: Targetsim AG | Business Simulations. Performance Solutions. www.targetsim.com | info@targetsim.com Phone +41 43 499 08 08 Seegartenstrasse 6 | 8008 Zurich | Switzerland Targetsim FZ LLC Dubai Knowledge Village | P.O.Box 502221 | Dubai U.A.E. Tel +971 4 367 82 58 Swiss Quality Simulations since 1994.

Targetsim® is a registered trademark.

Targetsim®Simulations and simulation based L&D solutions are under the Copyright© of Targetsim AG

© 2012 Targetsim AG | www.targetsim.com

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