Simulations offer a unique way of developing a strategy or plan or to test the robustness of plans and contingency measures in a context that is fully monitored and “safe”.
Business simulations may be used to test preparedness for complex, high consequence events. They are especially well suited to cope with the expanding definition of risk and resilience that includes activities with a high investment price and a correspondingly high cost of failure.
Key features of a simulation
Plans are often only as strong as their weakest link. Simulations embrace the ‘human factor’ taking into consideration the strengths and weaknesses of individuals and teams. This provides an essential counter weight to the traditional data driven and mechanistic approach to planning.
The red team
The red team consists of independent experts who play an opposing role designed to significantly challenge assumptions and expose hidden weaknesses.
A business simulation tests a plan for an ‘event’ that might take years to unfold but is condensed into several hours or a one or two day game.
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