A Program that goes beyond Traditional Training Programs
TOPAZ Management Simulation goes beyond traditional training programs by enabling participants to “learn by doing”. In the real world “doing” or implementing ideas successfully is all that counts.
Traditional training programs revolve around faculty lead instructions with limited participant involvement. Also, traditional training programs focus on developing specific, pre-determined competencies and in providing instruction and training towards defined learning outcomes.
TOPAZ Management Simulation goes beyond traditional programs by providing the participants complete control over a virtual company operating in a competitive environment. This directly benefits the sponsoring corporates by developing broad based skills of their participating staff such as communication, time management, forecasting, what-if analysis.
Hard Skills Development – Strategy and Management
Participants in TOPAZ Management Simulation have the opportunity to make decisions for management positions other than those they are responsible for in real life. For example, a HR manager participating in the program may be involved in marketing and finance decisions for his/her virtual company. This helps staff members develop an understanding of the peculiarities, the priorities and the constraints of departments that they are not ordinarily aware of.
This cross functional understanding enables staff members to better co-operate with their colleagues in other departments benefiting the company in improved decision making, better teamwork and enhanced productivity. Furthermore, management decisions taken by a team are evaluated in comparison with decisions taken by other teams within their group. This enables participants to see how their decisions (for example decrease in selling price to increase sales) impact others and how the decisions of others (for example higher salaries to attract staff) impact their company.
Soft Skills Development and Team Building:
TOPAZ Management Simulation provides opportunity to the participants to work in a team. Team building is an ongoing process that helps a work group evolve into a cohesive unit. In large companies often colleagues in one office are not aware of others working at a similar level within their and other departments.
The program provides opportunity to the participants to work in a team and ideally teams should comprise staff from different disciplines. By working in a team drawn from different departments, staff get to better know colleagues in their own company and often forge long lasting friendships. The team members not only share expectations for accomplishing group tasks, but trust and support one another and respect one another’s individual differences.
The enhanced social contact within the staff members often helps develop informal structures within the company that facilitate internal communications and improve productivity.
Assessment Centre and Competition:
TOPAZ Management Simulation places staff members from a company against each other. A company may enter as many teams as they wish. The results of the competition – managing a virtual company over 5 simulated quarters – are displayed on the competition website showing team performance for each simulated quarter. The layout of the competition provides excellent opportunity for companies to assess their teams’ performance against other teams from their own company.
Such programs enable corporates to present themselves to their staff members as employers with vision and with long term commitment to all their stakeholders, including their staff. The program with its innovative form of training not only helps staff see their own work in a different perspective, it also demonstrates to them the interest and investment of their employer, fostering a sense of belonging in the staff and helps contribute to staff motivation and retention.