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
