Simulation Methods: A simulation method makes a sincere attempt to create a situation, which closely resembles a real life situation wherein individuals can learn from their own mistakes.. A brilliant example of simulation method is Infosys program in collaboration with Stanford Graduate School of Business (GSB) to develop a comprehensive executive education program. The program brings together the senior executives of the company with a team of Stanford GSB who will design and deliver a customised strategic leadership development program which involves e-learning , live sessions and assessment centers wherein variety of simulation methods like in-basket exercises shall be used to train about 200 executives who will participate in this program. The three methods of simulation namely InBasket method, case study and management/business games
In basket Method:This method is used to develop decision-making skills of an executive. The material that require the attention of the executive are put in basket and the executive under trainee has to act like a manager and provide plausible solutions for all the issues lying in the basket. Thus, based on his experience the trainee is asked to take requisite action within a specified span of time and it is followed by individual or group discussion. It has been cited that even if the trainee is satisfied , a discussion post the activity provides a broader outlook to the individual as he comes across newer ways and means of solving problem. This method simulates real life problems and doing them in specified time also develops the pressure and tension that the executive may face in real life.
Case Study:Christopher R. Langdell, a Harvard professor is behind this innovative and unique method. In this simulation technique a case is presented to an individual or a group for identifying plausible and suitable solutions to a problem. Since cases tend to simulate real life problems; it may include description of organisations and individuals involves in the case. The learner or the group of learners study the problem and offer possible answers to the problems. It is beneficial to carry out case study in a group format as the participants come to know about other’s viewpoint, thus broadening their viewpoint. It is through case studies that people can apply their theoretical knowledge to identify a practical solution of the problem. It is necessary that the learner must have sound theoretical knowledge before he delves into the concerned problem. Also, the success of this method is dependent on the maturity and experience of the guide as he may play an instrumental role in developing analytical thinking and problem solving ability in the learners.