Why Use A Business Simulation Exercise To Improve Leadership?

Hello SimDevGroup Community-
The question is: Why use a business simulation exercise within leadership development? Well, we thought we'd take one step even further back to ask, "Why build a high potential bench?" Well, we looked to PDI and found a great research summary.
Research: Leadership Simulation Exercise:
A recent study by PDINinthhouse found that organizations with more advanced high-potential strategies are:

• Almost 12 times as likely to impact business growth and bottom-line results
• Almost twice as likely to be able to address global business needs
• Nearly three times as likely to be satisfied that their high-potential strategy is driving business/talent goals

A correlation exists between advanced high-potential strategies and their impact on talent management results. Organizations with advanced strategies are:

• More than three times as likely to realize improved retention in key leader roles
• More than twice as likely to realize ready bench strength

The research shows that organizations with more advanced high- potential strategies and practices are markedly better in aligning their high-potential leaders to the needs of the business. Ultimately, this could create a significant competitive advantage.
Note: all information is take directly from PDINinthhouse's web site and is publicly available.
So, what does this have to do with a Business Simulation Exercise? The thought is that if you can build and engaging leadership training program utilizing a business simulation, you will engage your future leaders, build their leadership skills, their business acumen skills, and help them learn about the business they are about to help drive towards a great future. Also, if you're interested in world class leadership training content, you should certainly talk to PDI. We are strong supporters of their work.
Hope this helps.