What is a Business Game?
A business game is a semi educational-professional event in which participants, divided into teams, try to solve a real-life challenge faced by companies in a competitive and realistic environment.
This experience allows participants to practice management knowledge and improve skills such as decision making, problem solving, teamwork, communication, and leadership.
1. Putting theory into practice & Involving participants
The dynamic environment of business game allows participants to use their knowledge in a risk-free environment to find effective and practical solution to real challenges. Through brainstorming, participants can evaluate different strategies, see what works best and be innovative in finding solutions to problems.
Learning outcomes are highly dependent on learner involvement. Business games place teams of participants in a competitive situation, which motivates participants to do their best and allows them to use knowledge acquisition techniques such as collaboration, critical thinking and problem solving.
2. Developing soft skills
During the Business Game, participants are expected to use "soft skills". These skills include teamwork, conflict resolution, critical thinking, communication, and problem solving.
3. Improving entrepreneurial skills
Business games provide a global vision of the company and develop the participants' commercial spirit, analytical skills, and strategic competencies.
4. Promote knowledge retention
The business games are based on a cooperative learning methodology where participants are actors of their training. For this reason, the level of knowledge retention is superior to traditional forms of teaching.
5. Learn to fail and face uncertainties
Failure is never pleasant but learning from one's mistakes is necessary to improve one's skills. Business Games offer a risk-free environment where participants can make mistakes, but the lessons learned are authentic and applicable in real life.