Business simulation games are growing in popularity and effectiveness as a tool for learning and business. As a cloud-based business simulation and gamification education platform, MonsoonSIM provides a unique, experiential learning for business studies!
Countless business concepts that are crucial and fundamental in business and economy, such as business operational management, ERP, logistics, supply chain management and more, are all wrapped into one comprehensive business simulation with thirteen interconnected business departments. These are all covered by MonsoonSIM, effectively allowing students to practice applying these concepts and make decisions that simulate the real-world business environment.
With over 80,000 registered learners and a rapidly growing user base, there are several aspects which differentiates MonsoonSIM from other simulations.
Firstly, unique to the MonsoonSIM AI-based learning platform, this business simulation also offers multiple teaching modes, allowing a real-time switching between gamification and simulation modes. The Dual Teaching Mode feature of gamification and simulation enables effective, experiential learning for students and learners. While gamification is excellent in inspiring students to learn and explore, simulation is excellent for teaching specific situations. For example, to get the students to understand the concepts of logistics, it’s best to start with a logistics game. When the students have questions about a specific concept, such as auto-replenishment, the teacher can switch to simulation mode and run an auto-replenishment simulation to clarify the concept.
Secondly, MonsoonSIM has an AI-based virtual teaching assistant, which can significantly improve and enhance the learning experience of students. With a typical MonsoonSIM class that can take up to 100 students concurrently, these can be conducted entirely remotely (through Zoom, Meet or Team), especially with the support of the virtual teaching assistant. Known as MonsoonSIM Boz, this AI teaching assistant appears on the students’ screens to help explain concepts, display navigation guides and give encouragement and advice for students to reach their maximum entrepreneurial potential. Moreover, the Boz is also designed to help each learner according to their individual progress and learning pace, able to check real-time results and understand real-time business challenges. Concurrently, the Boz also provides a real-time report to the teachers and facilitators, keeping them updated on each students’ status.
Thirdly, MonsoonSIM also has the robot learners in the simulation. These robots are virtual learners that behave and mimic typical learner behaviour. Designed to compete with learners to meet their business targets or KPIs as assigned by the facilitator, MonsoonSIM robots can make complex business decisions in real-time based on the ongoing, dynamic business environment. Able to switch between a conservative or aggressive business approach, MonsoonSIM robots can also play with learners as teammates or as competitors, as standalone or in groups.
Fourthly, MonsoonSIM’s platform is designed with horizontal experiential learning in mind. MonsoonSIM facilitates learners of all levels, allowing them to discover and apply knowledge throughout the game as they play. The more the learners explore, the more knowledge they can acquire. For example, to a middle-school student, the first few games would expose them to fundamental concepts, like profitability, cash flow and the likes. For undergraduate business school students, they can learn more advanced concepts and be attentive of their game results. With more focus on analyzing the cause and effects of the games, the learning capacity of the students can increase as well.
Furthermore, MonsoonSIM’s platform is extremely configurable for the facilitators. Akin to how the business environment in the real world is dynamic, shifting and ever-changing, facilitators can configure the business simulation and tailor their teaching materials (the business gaming scenario) to suit the learning ability and capacity of the students. As the configuration can be changed whilst the game progresses, facilitators give learners a glimpse into this constantly evolving business environment that grows in complexity as learners improve their business prowess.
Additionally, MonsoonSIM has a very wide concept coverage. Having digitized over 500 business concepts, facilitators can configure a business scenario that involves one or more of these following departments: Finance, Retail, Marketing, Warehouse Logistics, Forecasting, Wholesales, ECommerce, Production, MRP, Human Resources, Maintenance, and Service Management. As such, MonsoonSIM is the perfect educational tool for students to learn about Accounting, Business Analytics, Economics, Human Resources Development, Logistics & Materials Management, Organizational Behavior, Sales Merchandising Marketing, Business Administration & Management, Data Analytics, Enterprise Resources Planning & Management, Human Resources Management, Management Information Systems, Operations Management & Supervision, Supply Chain Management, Business/Managerial Economics, Entrepreneurship, Finance, International Business Management, Marketing Management & Research, Purchasing/Procurement Management, and Integrated Reporting.
MonsoonSIM’s platform is also built to make teaching convenient and remote learning possible. There is nothing to install or download because everything is readily and always available in the cloud. All that facilitators and learners need is only a standard browser. The pace of the MonsoonSIM learning session can also be adjusted and configured in real-time (and saved for resumption during future learning sessions too!) to suit the class and their facilitator. There’s also a built-in chat system for ease of communication among the learners and between the learners and the facilitator.
Besides that, MonsoonSIM provides data analytics support, with live data access. With big data and data analytics as the pillars of the Industrial Revolution 4.0, most business courses are now geared to help students become data scientists. With MonsoonSIM, the path to do so is clear, easy and direct. In a MonsoonSIM game, students must make critical decisions during business transactions, among them market forecast, currency fluctuations, interest rates and more which is live-accessible. Students can use 3rd party data analytics tools (like PowerBI, Tableau, R, Cognos, Excel, etc.) to tap into the MonsoonSIM data in real-time and design their corporate dashboards, reports or find outliers.
Moreover, MonsoonSIM’s community of eager learners and experienced facilitators is active and growing, through the club games, leagues and competitions. With over 1,300 clubs registered online throughout the world, these clubs compete with each other through the online club games, earn league standings and improve their ratings (the club ELO and personal ELO). The Elo rating system is a method for calculating the relative skill levels of players in zero-sum games such as chess. All club and personal scorecards, including the club ELO or personal ELOs can be published online as evidence of their hard work and achievement in their quest for business knowledge. Every year, MonsoonSIM conducts an international inter-varsity competition called the MERMC (MonsoonSIM Enterprise Resources Management Competition). The event, which started in 2015, has involved thousands of students from over 10 countries.
Lastly, MonsoonSIM offers a series of pre-packaged courses ready to deployed by a new facilitator. Each of the courses comes with a set of configurations and outcome assessment settings and course settings, such a dynamic quizzes that are designed to assess the students’ true understanding of the data in the game results in real-time. The focus is not on memorizing or remembering concepts, but rather in measuring the students’ grasp of business knowledge and its application. Assessment results are captured in real-time, with multiple assessments able to be conducted and saved for comparison, if needed.
With that said, MonsoonSIM’s business simulation and gamification education platform offers a unique, experiential learning opportunity for students and transforms the way business concepts are taught in class. MonsoonSIM looks forward to supporting more students worldwide in a way where there’s more to learn, easier to learn.