Imagine an individual has just joined a management team. His team has been assigned to make a critical decision related to company’s quarterly budget and resource allocation. As he consumes himself into the discussion, he experiences déjà vu.
He feels as if he has already been in such a situation. He recollects that during his MBA programme, he underwent some simulation-based leadership training programmes. Within seconds, everything starts getting clear and he effortlessly takes the decision regarding company’s budget and resource allocation.
In recent years, I have noticed that simulation learning has impacted numerous industries. Today, more and more pilots are being trained using simulations. In fact, it has become mandatory for them to undergo and qualify the simulation training. Similarly, most medical school also expect their students to undergo such training programmes to fully prepare them before they actually operate a patient.
However, you need to understand that according to me a management simulator isn’t necessarily a training tool. In fact, the manner in which you use a simulator will impact the results. A tool like simulator might impress you, but you need to also plan out its usage for truly enhancing the effectiveness of trainees.
An ideal MBA simulation training programme must address student’s needs related to knowledge and skill development. I also think that it must use various forms of media and combine them to form appropriate training tools for dealing with specific leadership tasks.
The value of a training programme also enhances if it is followed up with a mentorship programme for students. MBA programmes can even feature alumni mentorship for students. This can help them understand real-world problems and find ways to deal with these situations.
Similarly, the value of such simulation-based training programmes will enhance if they also have debriefing sessions. We can use video recordings of the simulation session to identify and analyze errors so that they aren’t repeated again.
If used appropriately and effectively, such training programmes can act as catalysts for training and preparing future-ready leaders. The best aspect of these programmes is that they are cost-effective. While some have started using them, but in the long-run, I see many more MBA institutes incorporating such simulators as a part of their curriculum.