BizShastra Consulting

Business Simulations An Experiential Learning Tool

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How complete is knowledge transmission in this classroom ?

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Without a Lab to experiment…...

Where do you find the students more engaged?

Business LabsAn Engineer or a Physicist or a pharmacist or a Pilot gets a lab to experiment and experience

A Business Lab to Experiment will make a Business Student more confident & competent

Needs of a Bschool student is no different

Experiential Learning

• Opportunity to sit in the “Hot Seat”• Experience, Experiment, Assimilate,

Consolidate

Lecture

Reading

Audio Visual

Case Study

Doing things

Teaching others

75%

Source: National Training Laboratories, Bethel, Maine

Learning Techniques

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Knowledge Retention

Why

Key Contents

Introduction to enterprise functions:

Strategy, Finance, Marketing, Operations, R&D,

Ability to read financial reports and conduct

competitive analysis.

Interdependencies and linkages amongst

functions

Building a vision and actions in alignment

with vision

Team interplay and Decision making stylesgiving wings to your business

Whole > sum of Parts

Systems Thinking

• Cause and Effect are disjoint in time and Space• Today’s problems are yesterday’s actions and today’s solutions can potentially be tomorrow’s problems• Systems are far more complex than the subsystems they are made up of. The attention to interlinkages gets overlook as you stay focused on the parts.

Key Takeaways

• Put together the complete picture what students have learnt in parts and pieces.• Doing is the best way of learning - High retention of knowledge•Mistakes are precious source of learning. Can we afford to err ?• Team work is as important if not more to succeed in today’s business world

Let’s put technology to use : Cloud is here to serve us

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More than 20,000 participants covered in India

The Tool

Few of the International corporate clients GE, GM, Motorola, Caterpillar, and Honeywell. Few of the International B Schools clients

Harvard, Wharton, Kellogg, Michigan ...

Few of the Indian corporate clients TCS, L&T, Infosys, Asian Paints, Wipro, Microsoft, Dell, Pepsi, Genpact, Kotak, Nestle, M&M, Oracle, JCB

Few of the Indian B Schools clients IIMA, IIMB, IIMC, XLRI, IIFT, SP JAIN, XIMB ...

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69

46

Structure of the Simulation Analyze the current reality

Build vision and strategy

Assign Roles/Responsibilities

Execute and Experience R&D and Product strategy Decisions Pricing, Promo and Sales Decisions Forecasting Production, Automation, Inventory Decisions HR, Labour, Quality Financing Decisions

Review the performance Refine & Replay

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Each is a $100M

Company Level

playground

Mode of Delivery

• About 25 hrs of exercise in three parts• 8 hrs full day session at the onset.• 2 hr every week( 6 Wks) to review the performance of the last round, analyse the competitors, take decisions and submit on the cloud• 5 hr concluding sessions where we summarize all the learnings. Each team makes their presentation to their board.

One gets to experience growth phases, recessionary phases, price war, strategic conflicts, HR challenges etc.

Vision &

Strategy

Current Reality

AnalysisRole &

Responsibility

Tactical Decision Making• R&D• Marketing• Prod• Finance• TQM, HR….

Build Business Forecast

Review the Proformas

Upload decisions

Quick Recap

Catering to various Stakeholders

•Students get a sneak peek to overall Business•Bschool gets differentiated in the crowded space•Prof are able to deliver more value per subject• Industry gets resources who get productive faster

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BizShastra Consulting

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