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Simulation training is a development priority to meet the requirements of the labor market – Mega Consult
Dr. Abdul Hai Muhammad Megdad, a training expert at Mega Consult, has highlighted simulating business models as one of the most effective training methods for the Kingdom. This method offers numerous benefits, enabling new employees, university graduates, and job candidates to gain practical knowledge and experience through practical models. By simulating real-life situations, individuals have the opportunity to practice and learn how to react to tangible results, thus enhancing their skills and preparation for the workforce.
According to Dr. Megdad, the “business simulation model,” also referred to as “training by doing,” is a highly effective method for learning in the business field. This approach combines practical application, discovery, and enjoyment, allowing participants to simulate projects in a safe and interactive environment that promotes learning. The experience helps them to practice and improve their decision-making skills by testing various scenarios and seeing the results without incurring actual losses. It also allows for quick learning within a clear framework, which helps in acquiring real and proven experience.
Dr. Megdad emphasized that the system and joint departments are large enough to allow workers to participate in decision-making. Participants form joint teams to work on realistic project simulations and sometimes compete with other teams. This allows them to learn about the nature of work on a daily basis. Additionally, tasks are overlapped between work teams and departments, and individual efforts and discretionary decisions are appreciated. The impact of teamwork and the organization as a whole is seen on the ground.
Regarding Mega Consult, utilizing project simulations and interactive experiments in training can accomplish various goals for the company. Some of these objectives may include:
- Improve accounting skills, financial and market analysis of gross and net margins and costs, by product, region, and client.
- Solve problems effectively by testing various scenarios and devising appropriate solutions.
- Enhance soft skills such as creativity, research, and cognitive development.
- Overcome hesitation and fear of decision-making to progress in operations.
- Grasp the interrelationship between sales, marketing, production, purchasing, operations, and finance.
- Foster teamwork harmony to achieve institutional goals and develop communication skills between team members.
- Make strategic decisions in marketing methods, pricing, product selection, target customers, project selection, and employee headcount.