“The truest success is but the development of self.” – Charles Atlas
Before delving into MonsoonSIM training, let us first note the difference between competencies and skills.
Competencies represent a bigger range of knowledge, skills and abilities combined into one, which helps indicate level of performance in companies. Often developed over the years, competencies can also be transferrable between jobs and even lead to promotions.
As for skills, this refers to the more specific activities which can be learnt and are relevant to a particular job or task. Skills can usually be developed over a shorter time period as compared to competencies, often through specialized training and specifications. This does not necessarily increase to lead to promotions, but it does reduce the chance to be transferrable between jobs.
For example, problem-solving, negotiating and strategic decisions are very much considered as important competencies. Handling accounts, writing contracts and website maintenance are skills that can be learnt along the job.
Thus, competencies indicate how a task can be performed effectively and successfully, but for skills, this indicates what sort of talents and abilities an individual needs to accomplish a certain task.
Despite these differences, both competencies and skills are very much relevant and needed to succeed at work and achieve corporate goals. To strengthen competencies and skills, this can be done through trainings and workshops, and in new innovative methods, such as the MonsoonSIM business simulation and gamification education platform.
Through MonsoonSIM, employees can have a better and more relatable grasp of the business concepts present and applied in their very company, but also feel greater relevancy of their learning experiences to their work and develop the skills they need to flourish in their company.
Furthermore, with business simulations recreating experiences in a real-world business environment, this also bridges the gap from business schools to the job market, where new employees are able to gradually adapt into the business culture via a safe environment free of risk.
To add to that, MonsoonSIM affords an ease and flexibility of training that is difficult to be replicated by other learning models or simulations. Wherever the location, MonsoonSIM is a platform that can be carried across all these and remain consistent in the quality of training delivered. With the built-in data analytics, MonsoonSIM can show the positive correlation between the training and the achieved results.
A key objective of corporate training is for the long-run improvement and empowerment of employees, closely aligning them with the expectations and vision of the company. MonsoonSIM’s platform has a unique data analytics support with live access, which enables quick monitoring and feedback of each employee’s training progress. Furthermore, the game report also prompts self-reflection and a deeper understanding of the consequences of their business decisions.
Whilst MonsoonSIM’s horizontal experiential learning model brings about a deeper understanding of the innerworkings of a business and its interconnected departments, another added benefit is that the corporate training is very much team-based. Employees can be grouped into teams during corporate training to run their “virtual” companies in the simulation, where cooperation and collaboration is encouraged to achieve their shared goals for their companies.
MonsoonSIM allows for a 3D-like, detailed and interrelated view of the way businesses and their various departmental processes operate in the real-world, facilitating the expansion of the entrepreneurial mindset and conceptual understanding of the corporate world for company employees.