Bryant Nielson - Transformative Corporate Training with Simulations

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TECHNOLOGYENABLEDLEARNING®
Transformative Corporate Training with Simulations

Simulations & Technology

Capital
Markets
• Equities
• Fixed
Income
• Forex
• Commodities
• Derivatives
Wealth
Management
• Portfolio
Construction
• Asset
Allocation
• Investment
Strategies
Operations
• Trade
Lifecycle
• Corporate
Actions
• Trade
Settlement

Why use Simulations?1
Analytics and Metrics6
Blending into a Curriculum2
Progressive Educational Theory5
Use as a reinforcement to the Learning3
Points of Discussion

Simulators

25% 65%

Advantages for Delegate

Advantages for Instructor

Simulation Components
Realistic
Sense of
Competition
Combination of
Learning &
Dialogue
Targeted & not
Blanketed
Network
creation outside
the Classroom

• Learning Objectives
• Defined Expectations
• Content
• Delivery Tools
• Case-based Activities
• Assessments
• Interaction
• Collaboration
• Motivation &
Engagement
• Support
• Analytics & Reporting
Nuts and Bolds of Engagement

Technology as a Key
Differentiator For Training
• Flexible
• Scalable
• Reliable
• Accountable
• Responsive

Why use Simulations?
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
Aspect of
Execution
Learn new
processes &
strategies
Team
building
aspect
Helps in
decision
making

Simulation benefits
Benefit 2
Benefit 5
Learning through actions
Benefit of consistent, constant &
immediate feedback
Developing Moderators or
facilitators
Learning through mistakes
Enjoyable & Exciting Learning
Experience
“Capstone” for training
or Certification programs
 Participants are free to make
mistakes, learn from them & apply
learning before venturing out
 Enjoyable application of
knowledge helps in better
retention among participants
 Acting as the final step
towards certification or
training programs
 Outcome in simulation comes
through experience and not just
reading, discussion & testing
 Through constant feedback,
participants can make
corrections & move forward
 Aids in developing capabilities
& coverage of existing
professional training staffs
Benefit 4
Benefit 6
Benefit 1
Benefit 3

Simulations in Learning
Games & Live Interactions
Simulation training is highly effective as it goes against
the norm of isolating learners for a geographically
dispersed target audience

Simulations in Learning – Reinforce Learning
1 2
Simulation can be offered as a part of
overall course
Simulation can be offered to
participants who are returning to the
office after a classroom intervention
Simulations to
reinforce Learning
The focus of using simulation in corporate training is to
continue the knowledge process and to continue
application of that knowledge

Simulation Case
Team A
Team B
 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
Simulations in Online Learning – Games & Live Interactions

Simulation Components – Sense of Competition
Simulation Case
New thought
patterns
The idea behind the simulation is to
open eyes and minds to doing things
differently

Simulation Components – Combination of Learning & Dialogue
Organization’s Strategy & Culture
Outcome Driven Simulation
Simulation Outcome should be
evaluated against
The final result of the simulation should not be a checkmark for getting
through it but to reinforce the Organization’s culture & values

Simulation Components – Targeted but not Blanketed
Recruitment &
Selection
Performance
Appraisal
Career
Planning
Training &
Development
Health &
Safety
Job
Classification
Competitive
Analysis
Site Review and
Analysis
Evaluate & Refine
Performance
Analytics
Marketing
Metrics
Optimize site
structure
HRStrategies
MarketingStrategies
Simulation for
HR executives
should focus on
helping
personnel within
the confines of
HR law
Simulation for
Marketing
executives
should focus on
creating revenue
& customer
relationships
An effective Simulation loses essence when not used selectively and applied all across the board

The Learning Pyramid – Current Learning

Progressive Educational Theory

Simulation Components – Network creation outside the Classroom
SimulatedEnvironment(Classroom)
Simulation Focus
• Teamwork
• Identifying
strengths of
team members
• Application of
learned
concepts
Real World
Real World

 Relationships
 Learning organizations
 Training integrated into everyday work activities

Simulation Evaluation
Delivery
Method
Preferred steps
for Outcome
If the simulation is a complex, computer-
based 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 Consequences
for wrong
actions
Matrix
Creation
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.

The DARK SIDE of Simulations

One size doesn’t fit all Traditional content isn’t
always relevant for
Simulations
Changing role for L&D
(content curators)
Oversight still required
An activity does not
equal a simulations
No “small-ball” thinking

Simulations in 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

Simulation Components - Realistic
Current External
Forces
Current Internal
Forces
Decisions
Be as realistic as possible in order to create
the real world in a simulated and controlled
environment

Highly Competitive Job Market
Questions?

My Contact Information
Bryant Nielson
Executive Director bryant.nielson@capitalwave.com
http://www.CapitalWave.com
bryantnielson
www.yourtrainingedge.com
bryant.nielson

A Summary of our Simulations

Capital Market Simulator - CapitalCMS

Portfolio Market Simulator – CapitalPMS

Fixed Income Trading Simulator – CapitalFITS

Forex Trading Simulator – CapitalFTS

Option Strategy Analyzer Simulation Tool

Real News Trading Simulator – CapitalRNTS

Bryant Nielson - Transformative Corporate Training with Simulations

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