EHR2016: Budapest, September 21-22, 2016 Managing Director, Cesim Oy Business Simulation Workshop EHR2016: Budapest, September 21-22, 2016 Veijo Kyosti Managing Director, Cesim Oy

Why simulations? Effective Learning by failing in a safe environment Hands-on and relevant Motivating and fun Captain Scott Burke landing his troubled jet. Sept 2005

It’s all about learning by doing!

Games are for kids and Finnish men Games are for kids and Finnish men... - Anonymous encouragement from the early 90’s

Business Simulation Team-based exercise that allows the participants to run their virtual businesses over multiple rounds while competing against the other teams in the same market. The objective is to engage participants into a real-like business decision-making experience. Typically teams start with similar resources to enable “fair” competition.

Core benefits Develop holistic business mindset Nurture fact-based decision-making attitude - Link decisions to results Cope with uncertainty Improve team-work - Ability to experiment with the simulation individually also important Fun and inspiring learning with modern methodology and tools

Competence development at different levels

Different implementations Full package - Simulation (off-the-shelf or adapted) - Facilitation + support Simulation only - Train-the-trainer + ongoing support - Trainers can be in-house or third-party consultants

Consider Relevance - adaptability Format – ftf, blended, online Ease of use and overall time allocation Support Analytics Total cost Lifetime value

Simulation Live Kick-Off: Example of Simulation Training Schedule - Online Virtual kick off: 1 week prior to Practice Roud Due Date Intro email sent Login provided Video Tutorial Virtual rounds, 1 week intervals, due dates for (R) Round Decisions Practice R R1 R2 R3 R4 Market Analysis Reports provided after each round by Cesim virtual facilitators. Simulation Live Kick-Off: Simulation introductory session (Live): Sim Walk-Through, Q/A Practice Review of results Virtual Wrap-Up: Review of Simulation And Final Round Results Optional: Individual team guidance virtual meetings scheduled this week.

Dilemma Learning is too prescribed – great script but no spontaneity - Must include elements of play on the other hand.. Simulation becomes ”just a game” and participants do not put in a real cognitive effort - Proper structure is needed Grading goes wrong - Simulation results should not have too much weight on the student grade - Performance, compared with the results of other users and competitors, does not necessarily imply learning - Sometimes students who do badly can learn the most

Case examples

Cesim Product Portfolio

Thank You! For more information: Veijo Kyosti Managing Director veijo.kyosti@cesim.com +358 40 504 5116 www.cesim.com

Since 1996, Cesim has been transforming business education through simulations in over 40 countries across 6 continents in more than 20 languages.