MonsoonSIM places great emphasis on immersive, integrative and experiential learning as the learning pedagogy when it comes to understanding and practicing business theory and concepts.
A cloud-based ERP simulation and experiential learning software platform, MonsoonSIM covers over 13 interconnected business departments, emphasizing on the interconnectedness and interdependency between these different departments in order to function as one well-oiled machine of the corporate world.
For example, the activities of the finance department, logistics department and human resources department are connected to one another in the real world, so studying these concepts as separate subjects or courses in the curriculum hinders students’ understanding of the two-way relationships between each and every department.
Thus, MonsoonSIM uses a horizontal experiential learning model to bring about this understanding of the big picture when running a business, allowing students to not only practice the business concepts and theories that they’ve learnt in class but to apply them to the situations faced by their “virtual” company in the simulation and along the way, developing an innate and almost intuitive sense over the intangible links that bind these departments together.
Besides training students to sharpen their problem-solving skills in a business environment, MonsoonSIM also leverages educational technology to enhance the education of students. Teachers, as facilitators, can configure business environments and tailor it to suit the curriculum and the students they teach.
Covering countless business concepts within a business context, among them in the field of accounting, economics, finance, management, logistics, human resources, data analytics and more, students can run their virtual business in a very competitive environment.
Furthermore, there are several features unique to the MonsoonSIM business simulation and gamification education platform which assists teachers in managing this environment. Teachers are able to set the timing and tempo to suit the pace of the class, assign the players into teams and also configure robots to act as competitors within the simulation. Additionally, teachers are also supported by the AI-based virtual teaching assistant Boz and the prepared micro courses in a way that makes it easier to teach concepts to the students. The live chat feature, configuration sharing and data analytics also eases communication and monitoring of the students’ progress.
Within the simulation itself, other features which the teacher, as facilitator, is able to control are the simulation configurations. These include configuring the customers, suppliers, products, services, warehouses, eCommerce, retail, locations, employees and machines. On a larger scale, teachers can also set the currency, bank and department, besides simulating certain situations, such as financial crisis or environmental aspects. Teachers can also configure a journal entry feature as well.
Based on all this, there are certain simulation outcomes that can be observed by both the teachers and the students. Teachers are able to set key performance indicator (KPI) targets for the teams of students, and also monitor the progress and results as the students run their own “virtual” companies through KPI monitoring and the scoring matrix. Moreover, data for analytics studies (live access too!), and the game report are also convenient features to have as it allows teachers and students to be more in tune with their study progress and prompt self-reflection and a deeper understanding of the consequences of their business decisions.
MonsoonSIM offers a unique, experiential learning opportunity for students and transforms the way business concepts are taught in class. Supporting students worldwide in a way where there’s more to learn, easier to learn, MonsoonSIM perfectly incorporates experiential learning through business simulation and gamification education.