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Capital wave simulation platforms jan 2014
- 1. DELIVERING INNOVATIVE TRAINING SOLUTIONS®
Technology Enabled Learning via Simulations
CapitalWave, Inc.
Delivering Innovative Training Solutions
© 2010-2012 CapitalWave, Inc. | All rights reserved.
- 2. Bryant Nielson, CEO & Managing Director
Bryant Nielson
CEO & Managing Director
bryant.nielson@capitalwave.com
Bryant Nielson – Managing Director of CapitalWave Inc. –
offers 25+ years of training and talent management. Bryant’s
30 year business career has been based on his resultsoriented style of empowering learning, action and leadership.
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 1
- 3. Table of Contents
1
Why use Simulations?
2
3
5
6
Simulation benefits
Simulations in Online Learning
Simulation Components
Evaluating Simulations
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 2
- 4. Why use Simulations?
Learn new
processes &
strategies
Aspect of
Execution
Team
building
aspect
Helps in
financial
decision
making
It’s time to move simulations from the cockpit and out of
burning buildings – and into board rooms and training
rooms in a multitude of businesses and organizations
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 3
- 5. Simulation benefits
Learning through actions
Benefit 1
Learning through mistakes
Participants are free to make
mistakes, learn from them & apply
learning before venturing out
Enjoyable & Exciting Learning
Experience
Enjoyable application of
knowledge helps in better
retention among participants
“Capstone” for training
or Certification programs
Acting as the final step
towards certification or
training programs
Benefit 2
Benefit 3
Benefit 4
Outcome in simulation comes
through experience and not just
reading, discussion & testing
Benefit of consistent, constant &
immediate feedback
Through constant feedback,
participants can make
corrections & move forward
Developing Moderators or
facilitators
Benefit 5
Benefit 6
Aids in developing capabilities
& coverage of existing
professional training staffs
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 4
- 6. Simulations in Online Learning
Games & Live Interactions
Online simulation training is highly effective as it goes
against the norm of isolating learners for a geographically
dispersed target audience
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 5
- 7. Simulations in Online Learning – Virtual Interactions
Second Life
Applications
Web & Video
Conference
Discussion
Boards
Chat Rooms
Based on the target audience and Organization’s technology, the structure of
online simulation interventions should be chosen
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 6
- 8. Simulations in Online Learning – Reinforce Learning
1
2
Simulation can be offered as a part of
overall online course
Simulation can be offered to
participants who are returning to the
office after a classroom intervention
Virtual simulations to
reinforce Learning
The focus of using simulation in online learning is to
continue the knowledge process and to continue
application of that knowledge
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 7
- 9. Simulations in Online Learning – Games & Live Interactions
Team A
Each team begins to formulate their own strategies,
choices & decisions while competing against each
other when simulation cases are handed to them
The moderator can check in frequently to determine
where the teams are and to coach virtually
Simulation Case
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Team B
Page 8
- 10. Simulations in Online Learning – Limitations
No overuse of Technology
•
•
Entire programs should not be moved to
simulation medium
Online simulation should be a reinforcement
to classroom or seminar type training
interventions
Complex topics or issues to stay out of
Online simulations
•
Leadership or cultural simulations may need
to stay in the classroom or boardroom to
encourage face to face interaction
• Concepts that can be influenced through
social media can move to the online
environment
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 9
- 12. Simulation Components - Realistic
Current External
Forces
Decisions
Current Internal
Forces
Be as realistic as possible in order to create
the real world in a simulated and controlled
environment
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 11
- 13. Simulation Components – Sense of Competition
New thought
patterns
The idea behind the simulation is to
open eyes and minds to doing things
differently
Simulation Case
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 12
- 14. Simulation Components – Combination of Learning & Dialogue
Organization’s Strategy & Culture
Simulation Outcome should be
evaluated against
Outcome Driven Simulation
The final result of the simulation should not be a checkmark for
getting through it but within the Organization’s culture & values
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 13
- 15. Simulation Components – Targeted but not Blanketed
An effective Simulation loses essence when not used selectively and applied all across the board
Site Review and
Analysis
Career
Planning
Training &
Development
Health &
Safety
Job
Classification
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Simulation for
HR executives
should focus on
helping
personnel within
the confines of
HR law
Marketing Strategies
Competitive
Analysis
Performance
Appraisal
HR Strategies
Recruitment &
Selection
Evaluate & Refine
Performance
Analytics
Marketing
Metrics
Optimize site
structure
Simulation for
Marketing
executives
should focus on
creating revenue
& customer
relationships
Page 14
- 16. Simulation Components – Network creation outside the Classroom
Real World
Simulated Environment (Classroom)
Simulation Focus
•
Teamwork
•
Identifying
strengths of
team members
Real World
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 15
- 17. Simulation Evaluation
If the simulation is a complex, computerbased operation, then the programming
should also deliver an evaluation in an
immediate context
Preferred steps should coincide with
applicable laws, natural phenomenon,
organizational procedures, and even
organizational culture
Create a matrix or rubric that shows the
criterion for the evaluation so that it is
useful to both the moderator and the
participants
Delivery
Method
Preferred steps
for Outcome
Matrix
Creation
Consequences
for wrong
actions
Use of decision tree that maps out the
right steps, the wrong steps, and the
consequences. This help the participants
learn and apply knowledge to
the situation.
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 16
- 18. Engagement
“You don’t learn because your
engaged. You’re engaged because
you’re learning.”
– Nick deKanter
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 17
- 19. The Learning Pyramid – Current Learning
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 18
- 22. Option Strategy Analyzer Simulation Tool
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 21
- 23. Real News Trading Simulator
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 22
- 24. The Learning Pyramid – Current Learning
Questions?
CapitalWave Inc.
© 2010-2012 CapitalWave, Inc. | All rights reserved.
Page 23