The Role of Simulations and Executive Education in. Prof. Gerald Fryxell

Transcription

1 The Role of Simulations and Executive Education in China Prof. Gerald Fryxell

2 Overview Challenges Managing vs. Leading Executive Education (i.e., Leadership Training) Traditional approaches Simulations and Learning The Role of StratSim in Exec. Ed.

3 Overview Challenges Managing vs. Leading Executive Education (i.e., Leadership Training) Traditional approaches Simulations and Learning The Role of StratSim in Exec. Ed.

4 Some Pictures

5 Challenges Destruction of Natural Capital Globalization Container Ship Mouth of Yellow River Energy Shortages Air & Water Pollution Climate Change Job Losses Social Unrest Occupational Health and Safety Global Financial Crisis Corruption Social Polarization Villagers from Shuiyang county at a Xian hospital w/ lead poisoning. CSI 300 Index 1 yr.

6 Overview Challenges Managing vs. Leading Executive Education (i.e., Leadership Training) Traditional approaches Simulations and Learning The Role of StratSim in Exec. Ed.

7 Management and Leadership Management Leadership Purpose Derivation Ind. Skills Coping with complexity Bringing order and consistency to organization Profit making Largely deductive Serves superiors Planning Organizing Controlling Problem solving Coping with change Creating new order and new competencies Ensuring future profits Largely inductive Serves interests of many stakeholders Credibility Empowering Inspiring Redirecting

8 Overview Challenges Managing vs. Leading Executive Education (i.e., Leadership Training) Traditional approaches Simulations and Learning The Role of StratSim in Exec. Ed.

9 Leadership Training

10 Overview Challenges Managing vs. Leading Executive Education (i.e., Leadership Training) Traditional approaches Simulations and Learning The Role of StratSim in Exec. Ed.

11 What would be the best way to learn the following activities? How to play competitive ping pong? How to learn how to work with foreign nationals in global supply chain? Formulating and implementing a highly competitive strategy for a company with annual sales in excess of $12 Billion!?!?

12 What is a Simulation? An approximation of reality Requires some simplifications as reality is too complex to model. Is based on assumptions Permits time compression An opportunity To have an experience from which to learn To make mistakes when the stakes are much, much lower. To have fun!

13 Learning from Simulations Simulations enter the model here Concrete Experience (CE) Active Experimentation (AE) Reflective Observation (RO) Abstract Conceptualization (AC) Traditional, lecture-based teaching enters the model here

14 Student Retention of Learning * 10 percent of what they read 26 percent of what they hear 30 percent of what they see 50 percent of what they see and hear 70 percent of what they discuss with others 80 percent of personal experience 95 percent of what they teach Source: Jenny Johnson, Individualization of Instruction, Faculty Focus, Fall 1996.

15 Overview Challenges Managing vs. Leading Executive Education (i.e., Leadership Training) Traditional approaches Simulations and Learning The Role of StratSim in Exec. Ed.

16 Objectives of StratSim 1. Provide participants with an opportunity to be part of a management team in a large company in a safer, simulated environment. Validate knowledge and convey it to others Integrate what you ve learned before and during your program of study Take risks and learn from mistakes 2. Apply a strategic management model, to experience its power, but also its limitations 3. Practice in exploiting the benefits of teamwork. 4. Improve skills in information analysis, interpretation and decision-making and build greater awareness of the outcomes 5. Conclude a program in a meaningful and enjoyable way