Leadership Development through Business Simulations

Teamwork

The Importance of Leadership Development

Leadership development is one of the biggest challenges for successful business operations. According to a recent study, 64% of C-level executives see developing “next gen” leaders as the number one challenge for future success.[1] In addition to finding future leaders, companies have to overcome the challenge of choosing the right training methods for them. Empirical studies show that companies who foster leadership development are 4.2 times more likely to outperform those who do not engage in leadership trainings.[2] And this is exactly where business simulations prove to be useful as an engaging and interactive learning method.

Business Simulations as a Powerful Tool for Leadership Development

Studies prove that leadership trainings lead to improvements in reactions, learning, transfer and results.[3] One of the most effective methods for training future leaders is using business simulations. Management or business simulations allow participants to experience the entire scope of decision-making processes and show the consequences of teams’ decision in a risk-free environment. Such experiential learning methods are proven to enhance the capacity for critical thinking and the application of knowledge in complex situations.[4] Game-based learning is not only designed to be fun, but it permits to receive immediate feedback through the simulation’s outcome and encourages teamwork and cooperative behavior.[5]

How TOPSIM Can Support Your Learning Program

TOPSIM – business games offer a great opportunity to build business acumen and help to develop important management skills. Our simulations provide greater insights into various fields of management and illustrate their interconnectivity. True to our slogan “Learning Business by Doing Business”, managers and future leaders can gain first-hand experience about the complexity of decision-making processes in a practical way.

In recent years we have conducted a number of engaging simulation-based trainings for our clients, both remote and on site. Whether you are looking for a one-day event for your future leaders or an online international leadership program, the TOPSIM team is here to help.

Our participants rate their experience with TOPSIM – business games as especially valuable:

97% indicate to better understand complex correlations.

94% would recommend simulation-based seminars

96% consider participation as a good investment of time

94% had fun during the business game.

Are you looking for an engaging tool for your leadership development program which brings sustainable results? Don’t hesitate to contact us so that we can find the perfect simulation for your target audience!

[1] DDI, Conference Board & EY. Global Leadership Forecast 2018. https://media.ddiworld.com/research/global-leadership-forecast-2018_ddi_tr.pdf

[2] Apollo Technical. 25 Surprising Leadership Statistics to Take Note of (2021). https://www.apollotechnical.com/leadership-statistics/

[3] Lacerenza et al. Leadership Training Design, Delivery and Implementation: A Meta-Analysis. https://www.researchgate.net/publication/318737359_Leadership_Training_Design_Delivery_and_Implementation_A_Meta-Analysis

[4] Association of American Colleges and Universities. The Power of Experimental Education. https://www.aacu.org/publications-research/periodicals/power-experiential-education

[5] Ruhr Universität Bochum. “Game Based Learning” und “Gamification” – spielerisch zum Lernerfolg. https://dbs-lin.ruhr-uni-bochum.de/lehreladen/e-learning-technik-in-der-lehre/game-based-learning/?pdf=3096

Digital Tools for Online Seminars

Digital Tools for Online Seminars

Online learning was gaining traction even before the Covid-19 turned our lives upside down. In this article we would like to introduce you to a few tools for digital teaching that can support you in the design of your lectures, seminars and exercises!

Debriefing: 6 Phases of Reflection

Debriefing: 6 Phases of Reflection

By running through several simulation periods, making strategic management decisions and competing with other teams they expand their knowledge and improve skills such as teamwork and communication within the group. To ensure that the participants can process the experiences, thorough reflection phases after group tasks are particularly important. We have prepared 6 questions for you to ask your participants during the debriefing.