Presentation on theme: "BizShastra Consulting Business Simulations An Experiential Learning Tool giving wings to your business."— Presentation transcript:
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 Labs An 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
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 styles giving 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 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 Analysis Role & Responsibility Tactical Decision Making R&D Marketing Prod Finance TQM, HR…. Build Business Forecast Review the Proformas Upload decisions Quick RecapQuick 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
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