This document discusses experiential learning simulations and the services offered by ProfitAbility. ProfitAbility provides various types of simulations, including board-based, computer-based, and role-play simulations, as well as eLearning modules. Their simulations are designed to provide realistic competitive business experiences that allow participants to test and develop their knowledge while experiencing the consequences of decisions. The document shares client testimonials praising the impact of ProfitAbility's simulations on business and employee development.
3. What We Do Experiential Learning “… a deep body of theoretical literature asserts the power of simulations to change behavior …” The McKinsey Quarterly
4. Why is it so effective? Source: National Training Laboratories. Bethel, Maine
5. What do we offer? Fun, engaging and challenging learning experiences Board-based – Business/financial acumen & commercial awareness Computer-based – Strategy communication Role play-based – Leadership & customer satisfaction eLearning – Pre/post work implementation exercises, and action planning
6. What do we offer? Our Simulation Categories Classic – off the shelf Customized – adapted Created – From scratch
7. How does it work? / Classic Simulation : Strategic Planning Decisions Action Cycle and Compete Reporting, analysis and debriefs SME presentation & New Tools
14. A.C.E. Principle Experience: the resulting experiential learning has a profound and positive impact on your business and employees Analyze: we analyze your business needs and establish your desired outcomes Create: we create a simulation that measurably achieves these outcomes
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16. What do our clients say? “ In my opinion, there is no better training program than ‘Value Creation’ in the Nestlé world — and I’m prepared to bet a cup of Nescafé, a giant scoop of Dreyer’s ice cream or a four-finger KitKat that the participants share my view.” Angus Freathy, Nestlé
17. A Case Study: Borg Warner Following a management buyout, the team at BorgWarner needed to focus on cash flow. “ We surveyed employees to learn what they needed most, and they told us—overwhelmingly—that they wanted more financial expertise,” recalls Skip Cline (VP of Acquisition Coordination and Special Projects) “The s olution was Corporate ProfitAbility®.” Twelve years later, with over 50 ProfitAbility® programs under its belt and more than 900 employees trained, BorgWarner runs ProfitAbility® o n three continents in six languages . Cline estimates the company spends about 15% of its annual training budget on ProfitAbility’s offerings and that his team has been “very pleased” with the return on investment. Through years of playing the business simulation, BorgWarner has developed some best practices. The controllers discovered, for example, that they could easily run it at every organisational level, so long as players work in different units and have similar levels of financial knowledge. “ The simulations can get cutthroat, but people walk away with ideas they can readily take back to their jobs.”
18. A Case Study: Nestlé Concepts such as Shareholder Value and Economic Profit were central to the then CFO’s pioneering strategy, but were not commonly understood by managers making important decisions every day. Nestlé and ProfitAbility® worked on customizing a generic ProfitAbility® simulation, to match the specific nuances of Nestlé’s activity within the food industry. The new program was named ‘Value Creation’. Project sponsor, Angus Freathy, says: “The value comes from the fact that the model is sufficiently realistic that we can draw valuable parallels with Nestlé ‘real life’—without being so complex that participants need years of experience to understand it and appreciate its relevance. “… when we talk about Economic Profit in a cross-discipline, cross-continent meeting, everyone who has experienced ‘Value Creation’ has the same, accurate understanding of what we mean. “ In my opinion, there is no better training program than ‘ Value Creation’ in the Nestlé world—and I’m prepared to bet a cup of Nescafé, a giant scoop of Dreyer’s ice cream or a four-finger KitKat that the participants share my view.”
We are a global leader of experiential learning and development
We create business simulations that transform people through experiential learning and generate profitable change for our clients.
Research indicates that experiential practise results in the highest level of retention (short of teaching others)
We have three main genre of simulation.
We have three categories of simulation that allow your people to experience real business issues in a safe environment.
We create a real and competitive market with either our board-based or scenario-based simulations. Your people will experience a true-to-life working environment that will test and develop knowledge, and increase business acumen - all in an environment where they will compete for business from at least 5 other companies.
What are the benefits? We’ve devised our simulations so participants experience the consequences of their decisions. They can experiment in an environment where both successes and mistakes are positive learning experiences and these experiences are retained for use in the workplace.
We have a proven methodology to uncover our clients’ objectives and deliver the most powerful outcome. This is our ACE principle and it helps us maximise the value we deliver.
Italics indicate a quote and bold indicates a point to highlight.
Italics indicate a quote and bold indicates a point to highlight.
Why do our clients come back to us? They trust us. We’re not a global leader for nothing…. We have more than 20 years of experience in developing and delivering transformational business simulations.