CapitalWave is an innovate training company specializing in “Instructor-led-training” for the financial markets and delivering “technical solutions” for the corporate learning & development markets. In short we are a company that seeks to leverage our tools, products and skills as a full service corporate training company.So what is my message to you here today:Simulations create an environment that enables structured learning and analysis. Resulting with individuals (and firms) transforming skill awareness into skill mastery.
Why use Simulations?What are the benefits of Simulations?What about Simulations in online learning?What makes a quality Simulation?Evaluating the results of a Simulation.
NASA… the governmental agency that is more simulation than any other.We all have see movies like Apollo 13, and the Right Stuff, and Space Cowboys.We have seen that NASA simulates everything from:Shuttle LaunchSpace Station DockingRepairing things in SpaceShuttle LandingThey use simulations because they are CHEAPER than making errors with multi-billion dollar space vehicles.
Multi-Million dollar airplanes.The military uses simulation to re-create aircraft flight and the flight environment.Including how to fly.Flight controls and aircraft systems.Responding to external environments such as Air Density, Turbulence, Clouds, Precipitation, payloads, etc…Replica cockpits, to FAMILARIZE pilots with working controls and outside visual systems.QUALIFICATION.
Fire Engineering… They have a name for it.Firefighter Drills.Startegy DeterminationRoadway Safety ZonesAlarm InvestigationTypes of Fires,Chemical, propellent, Roof styles,Search methods,Ventilations methods.
Earthquakes,Risk Management, Life saving logisticsImpact on other coastlines Impact on communities, roads, buildings, bridges, dams, electric grid, nuclear reactors.Creating response rates and First Responder choices and decisions.
Tsunami Simulators….Impact on our coast lines, buildings, etc…..Why should we consider using simulations in various aspects of business training, strategy, operations or even leadership?
ExperientialUser directed, providing a dynamic and interactive engagement with subject matterPurpose built and relevantDemonstrate real world eventsFun and interactiveFreedom to: Fail, Interpretation and experimentPractical, visual and purpose drivenCreate discussion, explain complicated processes, provide procedural experience, creates collaborationDISCUSS THE VARIOUS ATTRIBUTES OF THE SLIDE.
Aligns staff with business objectives…A simulation compresses months/years of experience into a shorten 1-2 days.Creates TEAM BUILDING.Identifies individual strengths and weaknesses.
Simulations create experience.Allows for mistakes, and to learn from them… the cost for simulated mistakes? ZERO.Knowledge retention is higher with experience. 3. Creates constant feedback – make corrections, experience different outcomes, identify strategies. 4. Assist in knowledge retention among participants.5. Assist in developing capabilities6. Sometimes they act as the final step of a certification process.
Online simulations can teach geographically disbursed staff to work together as teams.Assisting individuals who ALONE with NO INTERACTION with other into INTERACTIVE DISCUSSIONS with other program particpantsThey collectively work together to deal with a
Online tools that you can use to reinforce learning.SPEAK ABOUT THE SLIDE.People are already plaing games online, World of Warcraft, and games on Wii and X-Box.
REFER TO SLIDE CONTENT
Best Practices:Not to over use technology --- seek a balance between technology and classroom or boardroom face-2-face interaction and networking.
Realistic: Mirror of Real world events and situationsCompetition: make it FUN and INTERACTIVECommunication: Focused:Networking:
Networking… is a valued component for team building and group interactions.
TR Example… one of the purposes of their programs was to introduce geo-diverse staff to each other.Creating multiple networking possibilities.
Also known as the DEBRIEF.
Transform your training with simulations January 2014