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Epiphany Learning | Comparing 3 Business Simulations

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In this slideshare we compare 3 simulation games and observe the components and mechanics behind them. This slideshare is the presentation from our webinar conducted on 12th January, 2013. To watch the video of the webinar visit http://www.youtube.com/watch?feature=player_embedded&v=GvEWAYjDSMs#!

Visit www.epiphanylearning.co.in to look-up our future webinars.

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Epiphany Learning | Comparing 3 Business Simulations

  1. 1. Comparing 3 Business Simulations Competition | Winning | Learning Facilitator: Ajay Dasgupta Epiphany LearningImage Courtesy: http://4.bp.blogspot.com/-jsGpaFpcmKs/Tw8Av8ywKxI/AAAAAAAAAwQ/3c_-hOiq-_0/s1600/stock-market-today-results.jpg Learning | Talent Management | Change Management
  2. 2. Epiphany Learning Join Us © Epiphany Learning | Course Name Visit – www.EpiphanyLearning.co.in2 Saturday, January 12, 2013
  3. 3. Epiphany Learning Quick Recap Structure of Business Simulations © Epiphany Learning | Course Name3 Saturday, January 12, 2013
  4. 4. Epiphany Learning The Structure of a Business Simulation Business simulations allow learners to: 1. Observe data and information from the environment 2. Orient themselves to the information 3. Decide from options based on logic and analysis © Epiphany Learning | Course Name 4. Act on decisions and receive immediate feedback The loop repeats itself4 Saturday, January 12, 2013
  5. 5. Epiphany Learning Simulations and Games Competition Cooperation A model Simulations Games Rules of reality Participants Roles © Epiphany Learning | Course Name Simulation games5 Saturday, January 12, 2013
  6. 6. Epiphany Learning Deep Dive Lemonade Stand © Epiphany Learning | Course Name6 Saturday, January 12, 2013
  7. 7. Epiphany Learning Lemonade Stand © Epiphany Learning | Course Name http://www.coolmath-games.com/lemonade/7 Saturday, January 12, 2013
  8. 8. Epiphany Learning Lemonade Stand © Epiphany Learning | Course Name http://www.coolmath-games.com/lemonade/8 Saturday, January 12, 2013
  9. 9. Epiphany Learning Lemonade Stand Did you notice: • The OODA loop • That feedback was immediate and qualitative • The overall goal is to make profit • That the game is non-competitive • That there are controllable (Cups, Ice, Sugar, Lemon, Pitcher Mix, Price) and uncontrollable (weather, number of customers) variables • There are cause and effect dynamics (Demand and Supply) built into the game engine (Higher Temperature = More Lemonade Drinkers, More Ice on a Warm Day = Higher Customer Satisfaction) © Epiphany Learning | Course Name9 Saturday, January 12, 2013
  10. 10. Epiphany Learning Lemonade Stand | Simulation and Game Components More Simulation Less Game Competition Cooperation A model Simulations Games Rules of reality Participants Roles © Epiphany Learning | Course Name10 Saturday, January 12, 2013
  11. 11. Epiphany Learning Lemonade Stand – Causal Loops Profit d + Demand u + Revenue Temperature d u Orders u + - Actual Orders Quality Price d c c © Epiphany Learning | Course Name Supply c c – Controllable Variables u – Uncontrolled Variables d – Derived Variables11 Saturday, January 12, 2013
  12. 12. Epiphany Learning Lemonade Stand – Some Thoughts • Add competition (leaderboard etc.) • Display profits after every round • Running graph of Operating Costs, Demand/Supply, Revenue • More precise control over what goes into each glass and how that converts into a pitcher • Chose location of stall (more complexity – get location through bidding) • Open multiple stalls • Make it social (play with friends) © Epiphany Learning | Course Name How can you better the experience of this business game?12 Saturday, January 12, 2013
  13. 13. Epiphany Learning More In-depth Coverage During Our Workshop © Epiphany Learning | Course Name13 Saturday, January 12, 2013
  14. 14. Epiphany Learning Deep Dive Chevron EnergyVille © Epiphany Learning | Course Name14 Saturday, January 12, 2013
  15. 15. Epiphany Learning Chevron – EnergyVille © Epiphany Learning | Course Name http://www.energyville.com/15 Saturday, January 12, 2013
  16. 16. Epiphany Learning Chevron EnergyVille Did you notice: • The OODA loop • That feedback was immediate and qualitative • The overall goal is to have a lower impact • That the game is competitive • That there are controllable and uncontrollable variables • There are cause and effect dynamics built into the game © Epiphany Learning | Course Name16 Saturday, January 12, 2013
  17. 17. Epiphany Learning Lemonade Stand | Simulation and Game Components Less Simulation More Game Competition Cooperation A model Simulations Games Rules of reality Participants Roles © Epiphany Learning | Course Name17 Saturday, January 12, 2013
  18. 18. Epiphany Learning Chevron EnergyVille Questions: • What causal loops could you notice in the game? • What were the controllable and uncontrollable variables? • How would you make this game more real and less game-like? © Epiphany Learning | Course Name18 Saturday, January 12, 2013
  19. 19. Epiphany Learning Explore More The Root Beer Game © Epiphany Learning | Course Name19 Saturday, January 12, 2013
  20. 20. Epiphany Learning The Beer Supply Chain Management Game Visit – http://www.beergame.org © Epiphany Learning | Course Name20 Saturday, January 12, 2013
  21. 21. Epiphany Learning Join Us © Epiphany Learning | Course Name Visit – www.EpiphanyLearning.co.in21 Saturday, January 12, 2013
  22. 22. Introduction to Business Simulations for Learning Thank You! Facilitator: Ajay Dasgupta Epiphany LearningImage Courtesy: http://4.bp.blogspot.com/-jsGpaFpcmKs/Tw8Av8ywKxI/AAAAAAAAAwQ/3c_-hOiq-_0/s1600/stock-market-today-results.jpg Learning | Talent Management | Change Management

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