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BizShastra Consulting

Business Simulations An Experiential Learning Tool. BizShastra Consulting. giving wings to your business. How complete is knowledge transmission in this classroom ?. Without a Lab to experiment…. Where do you find the students more engaged?. giving wings to your business. Business Labs.

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BizShastra Consulting

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  1. Business Simulations An Experiential Learning Tool BizShastraConsulting giving wings to your business

  2. How complete is knowledge transmission in this classroom ? Without a Lab to experiment…... Where do you find the students more engaged? giving wings to your business

  3. Business Labs An Engineer or a Physicist or a pharmacist or a Pilot gets a lab to experiment and experience Needs of a Bschool student is no different • A Business Lab to Experiment will make a Business Student more confident & competent

  4. Why Experiential Learning • Opportunity to sit in the “Hot Seat” • Experience, Experiment, Assimilate, Consolidate Knowledge Retention Learning Techniques • Lecture • Reading • Audio Visual • Case Study • Doing things 75% • Teaching others Source: National Training Laboratories, Bethel, Maine giving wings to your business

  5. 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 styles giving wings to your business

  6. Whole > sum of Parts

  7. 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.

  8. 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

  9. The Tool 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 ... 69 46 Few of the International corporate clients GE, GM, Motorola, Caterpillar, and Honeywell. Few of the International B Schools clients Harvard, Wharton, Kellogg, Michigan... More than 20,000 participants covered in India giving wings to your business

  10. 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 Each is a $100M Company Level playground giving wings to your business

  11. 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 • 5hr 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.

  12. Quick Recap

  13. 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

  14. Do you find this relevant ? Collaborate with : +919845238689 +919810703363 BizShastraConsulting giving wings to your business

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