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BizShastra Consulting
Business Simulations An Experiential Learning Tool
giving wings to your business
How complete is knowledge transmission in this classroom ?
giving wings to your business
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
giving wings to your business
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
giving wings to your business
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 ...
giving wings to your business
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
giving wings to your business
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
giving wings to your business
BizShastra Consulting
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giving wings to your business