Transform your training with simulations speaker deck - march 2011

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FinancialTrainingSolutions

Transforming your Training with Simulations

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CapitalWave, Inc.Delivering Innovative Training Solutions

Simulations & Technology


Why use Simulations?1

Evaluating Simulations6

Simulation benefits2

Simulation Components5

Simulations in Online Learning3

Points of Discussion


Simulators


Simulators

http://bit.ly/3yXslQ


Simulators


Simulators


Simulators


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


Simulators


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 Online Learning

Virt

ual I

nter

actio

nsReinforce 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


Simulations in Online Learning – Virtual Interactions

Chat Rooms

Web & Video Conference

Discussion Boards

Second Life Applications

Based on the target audience and Organization’s technology, the structure of online simulation interventions should be chosen


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


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


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


Simulation Components

Realistic

Sense of Competition

Combination of Learning &

Dialogue

Targeted & not

Blanketed

Network creation

outside the Classroom


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


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

HR

Str

ateg

ies

Mar

keti

ng

Str

ateg

ies

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


Simulators


Simulation Components – Network creation outside the Classroom

Sim

ula

ted

En

viro

nm

ent

(Cla

ssro

om

)

Simulation Focus

• Teamwork

• Identifying strengths of team members

• Application of learned concepts

Real World

Real World


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 tothe situation.


The Learning Pyramid – Current Learning


Engagement

“You don’t learn because your engaged. You’re engaged

because you’re learning.”

– Nick deKanter


Bryant Nielson CEO & Managing Director.

[email protected]

http://www.CapitalWave.comhttp://www.FinancialTrainingSolutions.com

Bryant Nielson, CEO & Managing Director

http://www.linkedin.com/in/bryantnielson

http://www.facebook/capitalwave

http://twitter.com/#!/capitalwave

http://www.yourtrainingedge.com

bryant.nielson

CapitalWave, Inc.Delivering Innovative Training Solutions

mailto:[email protected]


The Learning Pyramid – Current Learning

Questions?Bryant Nielson, [email protected] t: 917-477-3221

Nick Barcia, Ph.D., [email protected] t: 917-607-3425



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Transform your training with simulations speaker deck - march 2011