Showing posts with label simulation. Show all posts
Showing posts with label simulation. Show all posts

Thursday, December 16, 2010

ENTREPRNEURSHIP & MENTORING

1. Study by US Small Business Administration ranking-fostering entrepreneurial creativity and zeal: #1 Denmark, #2 CANADA, #3 U.S.
2.MicroMentor.org is a free on-line service that connects small-business owners with volunteer business mentors run by Mercy Corps, a non-profit humanitarian agency; currently 3,500 entrepreneurs and 2,600 business mentors are enrolled

Saturday, October 30, 2010

BUSINESS PLANNING

Business planning is a challenging and time consuming effort by small, medium and large businesses. One of the most important benefits is getting ideas down on paper. Research and review of competing organizations around the world can provide good information. Some people use R&D (research & development) while others use rob and duplicate best ideas.

One recommended one page business plan has the following sections:
Vision-where do we want to be in five years
Mission-1 line description of the purpose of the business
5 Objectives-1 line measureable objectives such as revenue, profit, # of customers; for the first 2 years
5 Strategies-how will the objectives be achieved i.e. what 1 line description of methods
5 Plans-tasks to be performed to exectue strategies to include a completion date

Such an approach could be used ina simulated business such as available in www.sim-u.com

Saturday, June 12, 2010

EXPERIENTIAL LEARNING

Students and trainees learn more by DOING than hearing and seeing!

"Studies show we retain under 20% of what we see or hear alone, and 50% of what we both see and hear but up to 80% of what we interact with."

Using simulations, on-line learning and business experiential applications, supports blended hybrid learning in a mixed mode experiential environment.

Learn Business, http://www.golearnbusiness.com/ , has some of those tools, and is looking for partners who have additional approaches and methods or partners who would like customized tools.