When most people think of 'business simulations' they automatically think of two things: Highly quantitative financial management or they think of something similar to the Sims®. Many leadership "purists" will balk at the idea of combining the needs of the corporate strategy with pure leadership behavior. When I talk with corporate leaders, they are looking for a combination of both and the trends appear to be clearly moving in this direction. Corporate leaders are looking for leadership development that combines three ingredients: Behavior, Business Acumen, and Impact on Outcomes. Let's have a look more closely.Read More...
Many companies have learned over the years that successful change is only successful if the employees a) understand what is changing (the why) and b) understand how they fit into the change (the how). Most of us have seen the companies that simply change direction and hope that the employees get in line. This doesn't usually work very well because no one really understands where they're going much less how to get there. Many of us have simply been told the direction in the hopes we know how to execute the re-direction ourselves. Again, this doesn't usually work exceptionally well.
Some of the most successful change management initiatives utilize business simulations to speed up the change. Why do companies use these tools? Because business simulations have the ability to let people experience on their own a) why the change is occurring and b) how they can help contribute to the change. It's very simple: When people understand the what, why, and how, they help out. Seems easy, but it can get tricky.
5 Tips To Utilizing a Business Simulation within Change Management
1. Engage Human Resources and Training and Development- We've seen companies skip this step and it's usually a disaster. Engage HR and T&D early. They are invaluable at helping build successful programs that create organization, alignment, and engagement around using business simulations within training and development initiatives. Don't wait, just do it.
2. Make Sure You Have a Clear and Comprehendible Strategy- Again, we've seen this mistake before: An overly complex strategy created by change management firms that fall apart under their own weight. Even if you have a very complex strategy, simplify it. Distill it down to the top three takeaways you want managers to understand. This will go a long way.
3. Use Business Simulations with Management, Not Individual Contributors- In most cases, using a business simulation with individual contributors is a waste of money. Focus on using business simulations for directors and above. This is money far better spent.
4. Ensure the Training Ties Back To The Strategy- This is important. We've seen training created just for the sake of teaching people things. This is a mistake. The training should focus on demonstrating the strategic advantages of the training content itself. Otherwise, this is theoretical training and will annoy the training participants.
5. Be Patient!- When implementing a business simulation, be patient! Do it right the first time. If you try to take cheap shortcuts, you'll usually get marginal results (at best). Take your time, focus on the goals, and work from the finish line backwards. This always pays the best dividends.
Utilizing business simulations within change management is more popular than ever. It's also more complicated due to the speed at which strategy moves. If you focus on the core, take your time to do a little planning, and utilize these tips, you should be fine.
Millennials are very pragmatic. They want to work on things that matter. If you want to irritate a Millennial, just show them some training slides that are all theory and hard to apply to their jobs. You’ll hear comments like, “This doesn’t help me.” In a reality, they are correct.
Create training that introduces them to skills they can use in order to advance right away. Giving them a hands-on experience to skills they can use to ‘make things better’ is critical for this hands-on generation.
Make sure your training content introduces skills that are easy for them to apply to their jobs.
Millennials Also Want To Get Their Hands Dirty
Giving this hands-on generation the capability to try, learn, and apply your training content is golden. This generation lives by the ‘let’s try’ and don’t fear failure like previous generations.
Creating a contemporary learning environment where they can touch, play, and apply your training content will produce far greater engagement. Challenging training participants to apply your training content and see tangible business results from decisions is critical. This creates training that is tangible, applicable, challenging and engaging.
Make sure your training offers the ability to try it out.
This eBooks reviews topics such as training applicability, tangibility, strategic alignment, and solution execution.
Utilizing a business simulation for leadership development of Millennials is an ideal way to challenge, engage, and increase corporate training effectiveness.
You can download the eBooks here