iInteract student workshops enables students to experience the cause and effects of complex strategies involved in running an organization. They get immersed in interactive technique of business simulation which when combined with timely theoretical inputs by iInteract’s expert facilitators create a holistic learning experience.
This intense yet fun session, helps develop deep rooted conceptual understanding of various inter-dependent business functions like Production, Marketing, Finance, R&D, HR etc. This enables students to understand cross-functional decision dependencies and their tangible outcomes in real world like modeled business environment.
Participants get divided into teams each of which is responsible for the strategic management of a virtual company. The objective of the business simulation is to define & achieve tangible financial goals for this company. They achievement of these goals is made possible by the student’s ability to Learn make key strategic decisions effectively & efficiently in various departments such as Production, Marketing, Finance, R&D, HR etc. over several simulated years.
Reports generated at the end of each decision round (Simulated Financial year) through the simulation software, enable students to Experience team performance in that year along various financial indicators such as market share, top line, P&L statement, ROI, ROE and most of all Shareholder value. Along with providing concept specific theoretical inputs and session debriefs, expert facilitators present during the workshop Analyze results helping students to connect the dots between management theories and their practical implications while undergoing the simulation exercise.