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Simulate Leadership for Success
When organizations prefer to avoid real consequences of leaders’ failure, either virtual or day-in-the-life simulations where participants assume a role in a fictitious company may be appropriate. Until recently, these simulations were generally reserved for large corporations that could afford the design and administration costs. In 2005, reported design costs were as high as $500,000 and $9,000 per participant, according to the Corporate Leadership Council. Today organizations have access to cost-effective virtual simulators that run around $1,500 per leader. In addition to avoiding the cost of failure, other benefits include reduced design costs, eliminated facilities and travel costs, easier deployment, global reach, and rapid customization of content and report format. Virtual simulators, which often last a few hours and are administered through email, phone calls and online meetings, may best mimic business interactions in today’s technology-rich workplace. Boosting the Real With the Fake
Baxa Corp., a medical technologies provider, employs a combination of virtual simulators and on-the-job assignments in its high potential program. “Cost is the biggest differentiator for small and mid-sized companies,” said Susan Starkey, Baxa’s organizational development manager. “They often go with a 360 or personality test instead of a simulation. But 360s can be painful, especially for early leaders. Simulations offer a fun alternative to discover strengths and development needs.”
The Next Generation of HR: What’s Wrong? What’s Right?
May 23rd 1:00pm - 2:00pm CT
2013 CLO Breakfast Club, Boston
September 12th - 12th, 2013The Westin Copley Place
Fall 2013 CLO Symposium
September 30th - October 2nd, 2013Rancho Las Palmas Resort & Spa
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