"Business War Room Simulations" for Fortune 100s Now Available for Medium Enterprises
Simulations give executives a chance to "live a day as a CEO" and participate in fluid and interactive corporate scenarios
SAN FRANCISCO, Sept. 23, 2015 /PRNewswire/ -- Business simulations used for corporate training and change management have been utilized for decades by Fortune 100 companies. Simulation Studios is now offering, for the first time, the same unparalleled corporate simulations only available to large corporations to medium sized enterprises, at a fraction of the cost. Experiencing the simulation can single handedly transform a business and empower it to dramatically increase revenues.
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Companies can choose between custom simulations, created exclusively for their needs and goals, tailored simulations for more basic business simulations that are adjusted to meet a client's criteria and ready-to-go simulations for the company that wants access to world-class tools quickly and efficiently. Each option has been utilized by some of the biggest names in corporate America.
Developed by former Apple product manager and bestselling corporate training author William Hall, training participants are grouped into teams and given real-life business scenarios unique to the company. Each team must make the tough decisions that face corporate executives each day, while trying to remain profitable and maintain a strong market share. With every "lever" or decision participants make as it pertains to marketing, manufacturing and employee development, the results of their business plan can dramatically change. Should a team decide to go "full steam ahead" without properly analyzing the information; the plan will almost always fail. By utilizing the simulation prior to making real-world risky business decisions, it can help employees grow their leadership and business acumen skills in order to successfully execute their business plans.
After the round is complete, a moderator will step through what happened, why it happened, and why it is important to their training. All the information is used in subsequent rounds in order to apply leadership development content and business acumen back to their real world jobs.
While most corporate training companies can charge upwards of $500,000, Simulation Studios does more for considerably less of a financial investment. Everything is all-inclusive: each session is run by a former executive and every aspect of the simulation is controlled, right down to the temperature of the room.
Once a custom simulation has been performed, companies retain the full licensing rights to the program, allowing them to run the custom simulation again in the future, without the additional costs. Other simulation companies charge ongoing licensing fees even after the simulation has concluded.
Corporate training spending rose 15% to over $70 billion in the US in 2014 and over $130 billion worldwide. When there is an influx of spending on training activities, it is generally an indication of overall economic growth. With consistent advancements in technology, the demand for a higher level of training has skyrocketed.
By participating in a Simulation Studios simulation, employees and executives alike experience what it takes to optimize a company's performance through effective leadership including strategy, operations, marketing, human resources, and finance, as well as giving them cross-disciplinary exposure to work effectively with the multiple departments in an organization.
"Simulation Studios offers engaging and applicable training for today's learners," says VP of Learning and Development William Hall. "This is training for the next generation. We don't just lecture with a PowerPoint: this is action learning that is challenging, engaging and applicable to align with a company's particular business strategy. The impact of corporate simulations is much greater for smaller companies."
"WorldPay believes in providing cutting edge solution to its customers. To achieve this, it is critical we deliver the latest in leadership education to our employees," says VP of Talent Management at WorldPay, Inc. Alfredo Doreste. "To accomplish this we partnered with Simulation Studios to conduct a business simulation to help our leaders understand not only the importance of leadership, but also its impact on business results. After the program, leaders' feedback was very positive, and many of them expressed how the program helped them to realize the importance of collaboration and how their decisions may impact others in a negative way."
To learn more or to schedule a simulation, visit www.simstudios.com.
About Simulation Studios
Simulation Studios is a boutique corporate training firm that creates highly engaging strategic tools for Fortune 500 corporations and small-medium sized businesses. SimStudios' proprietary training programs integrate a company's leadership models that can be used to spark change within leadership programs. Founded in 2003, SimStudios offers the perfect training solution for companies of all sizes. For more information, visit www.simstudios.com.
Media Contact: Sara Gardner, 1-888-317-4687 ext. 702, Email
SOURCE Simulation Studios
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