Digital Business Simulations
Focusing primarily on aligning employees to the bigger picture of managing a business, our business simulations bring abstract concepts to life and promote critical attributes for performance, such as risk-taking, collaboration and problem-solving. These digital simulations can be conducted in F2F or virtual setting. They can be run over 1-2 days and simulates up to 6 financial cycles.
Manufacturing
Participants manage a manufacturing company and decide on the types of products to manufacture and which markets to compete in. They decide on capital investments, purchase inventory, hire staff, take out loans, raise capital, research the competition and make decisions based on their position in the marketplace.
Manufacturing + Sustainability
This is a manufacturing simulation with elements of sustainability. Participants lead a manufacturing company to balance short term financial gain with long term sustainability initiatives. Teams compete in two geographical markets, invest to reduce emissions, increase the use of renewable energy, reduce water consumption for their factory and participate in re-forestation initiatives.Depending on their ESG scores, they may be shut out from specific markets, pay carbon taxes and face challenges in recruiting talent.
Banking
This banking simulation challenges participants to deliver business and sustainability results while re-balancing their loan portfolios. Teams make decisions on the amount of deposits to attract and the amount of Green bonds to issue. Teams also make decisions on interest rates, marketing spend, customer service and investments in Digitalisation, CSR & Renewables.
Insurance
The simulation simulates the insurance business with customers in 3 segments - ie. individual, SMEs and Corporates across teh agency and digital channels. The simulation creates a greater understanding of how gross underwriting margin is computed against insurance premiums and claims as well as the level of expenses incurred in ensuring a lean back-end operation
Logistics
Each participant is part of a management team managing a logistics company, in competition with five other teams. The programme can be run over 1 or 2 days, simulating 4-5 financial years and depending on the level of teaching and debrief that is included. Each team will decide on which customer segments to compete in, make capital and operational investments, take out loans, research the competition and make decisions based on their position in the marketplace. Each customer segment has different criteria for customer retention and new business.The goal is to outperform the competitors by creating more profit and value than them, while maintaining cash flow. In between each competitive round, participants receive teaching inputs to enhance the learning. Each ‘year’, and after making strategic initiatives to retain or win new contracts and make the necessary investment in logistics infrastructure.
Customisation for your Business or Industry
Using our unique GRID Platform, we can quickly design digital simulations to fit your industry, internal business operations and desired learning outcomes. Employees will now be able to appreciate the most pressing issues faced by your company and know more about how their work, actions and in-actions contribute to the business objectives of the company and the bottom line.
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