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The Five Kinds of Simulations to Use for your Training Needs

 

Posted on Tue, 17/10/2017 - 08:54

There are five different kinds of simulations that you can use to train your employees. Each one addresses a specific need. They also have their design issues and uses. Employers need to decide which one they wish to use that will best serve the strategic needs of their organization.

Here are the six different kinds of simulations for you to choose from.

Total Enterprise Simulations

These simulations deal with modeling most business functions. They can be divided into four categories - strategic management, business appreciation, tactical management, and totality simulation.

There are five different kinds of simulations that you can use to train your employees. Each one addresses a specific need. They also have their design issues and uses. Employers need to decide which one they wish to use that will best serve the strategic needs of their organization.

Here are the six different kinds of simulations for you to choose from.

Strategic management

Strategic simulations involve the strategic management aspect of the business. These may be spread over a course or be run in a single session. The decisions deal with finance, marketing, product design, etc. These simulations involve groups of learners interacting with each other.

Business appreciation

These simulations help in developing business acumen and financial knowledge. They are not too complex. The decisions the employees need to make may be basic, but the financial consequence of the decisions is emphasized.

Tactical management

As the name suggests, they cover the tactical management aspect of the business. It deals with the internal management aspect. The simulation model is complex and allows the learners to experience the daily operation of the entire business.

Totality simulation

These simulations try to replicate the entire operation of the business in totality. They combine the strategic and tactical aspects of the business. They are pretty complex as they deal with the entire business.

Functional Simulations

Functional simulations concentrate on a particular area, like sales or marketing or operations. Unlike general management decisions, functional simulations focus on a vertical slice of the business. In this type of simulation, some decisions have strategic importance and some have tactical relevance.

Concepts Simulations

As the name suggests, this simulation emphasizes specific business concepts. For example, a new product launch or the operations of a factory unit are types of concept simulation. They are short and simple simulations involving three to four decisions. It involves learners to enter their decisions in their computers and receiving the results.

Planning Simulations

This simulation comprises of preparing business plans with what-if models. Learners apply what they have learned and explore the dynamics of the business. Even though the overall process is the same, the time that is allocated for the plan is not set and the number is not predefined. The time does not move forward when the assumptions are put in.

Process Simulations

Process simulations involve using mathematical techniques like statistical forecasting, analysis of sales performance, and inventory planning. They focus on the fact that using a quantitative analysis method is only a part of any job. Learners will need to consider the practical aspects, too. It deals with working with several different kinds of data and finding patterns, discussing the various implications, and producing outcomes.

At Designing Digitally, Inc., we provide client-specific simulation services by leveraging our extensive knowledge and experience. We do a thorough need analysis before suggesting the right simulated solution for you.

Get in touch to see some of our state-of-the-art simulations.

By Designing Digitally, Inc.