The current pace of technological advancements and innovations, and the emergence of the Industrial Revolution (IR 4.0), precipitates an expeditious change of knowledge and field of education. This, in turn, develops a new model of education for the future.
Given the world’s increasing reliance on artificial intelligence, nanotechnology and robotics among others, these forms of technology has replaced the need for human workers and led to millions of job losses. The need for students to develop new proficiencies—aptly referred to as 21st century skills—to succeed in this digital age grows more apparent every day. It is now highly crucial for the education system to understand this and equip students with these 21st century skills.
According to research done by Ziehanie Shafiai from Politeknik Ungku Omar, the 21st century skills needed for students’ success in this digital age consist of several abilities, namely critical thinking, creativity, collaboration, communication, information literacy, media literacy, flexibility, leadership, initiative, productivity and social skills (Shafiai, 2019).
These skills can be augmented through the process of experiential learning, which is learning by doing, experimenting, interacting and exploring. In the experiential learning process, students apply the knowledge and concepts learnt in class towards real-life situations and issues. As an immersive and engaging learning process that focuses on experience and our own self-reflection over it, experiential learning can certainly foster and sharpen these 21st century skills.
Furthermore, what better way to initiate and facilitate the experiential learning process than with business simulation games, particularly with MonsoonSIM’s business simulation and gamification education platform?
MonsoonSIM facilitates the exact experiential learning needed to develop these 21st century skills. Critical thinking, creativity and flexibility are practiced during the problem-solving and decision-making process as students run their “virtual” companies within MonsoonSIM, which emulates the real-world business environment.
Collaboration, communication and social skills are highlighted as students rely on one another in their team to cooperate together to achieve their shared goals of corporate success.
As for information literacy and media literacy, students must manage the thirteen interconnected business departments found within MonsoonSIM, which all has their own set of data and information that the students must process and draw insights from in order to aid their decision-making.
Moreover, leadership, initiative and productivity are also skills students foster within the MonsoonSIM business simulation as they work to achieve the best KPIs for their own “virtual” companies and compete against other teams, robots, etc.
Additionally, students learning with MonsoonSIM are also able to progress their ability in problem solving, decision-making and cooperativeness when working as a team. These are all indeed invaluable skills to have when striving for an edge in the job market.
Considered as one of the contemporary methods of education, business simulations such as MonsoonSIM enable educators and facilitators to teach knowledge in a more practical manner and provide an interactive, immersive learning experience that encourages students to apply the business concepts they have learnt in a safe environment free of risks. Through these business simulations, students are able to amplify these 21st century skills, strengthen their understanding of conceptual knowledge and improve their analytical thinking process to develop better business strategies.
MonsoonSIM ensures that students are able to make the most of their experiential learning journey and develop these vital 21st century skills, supporting students in a way where there’s more to learn, easier to learn!