Experience may indeed be the best teacher, but in many cases, gaining experience when it comes to running a business involves significant risks and the potential for real losses. Through our simulations, we aim to create tools that provide all of the learning opportunities of real-world business experience, but in an environment where students are free to make mistakes, try new things, and learn from the outcomes without fear of real repercussions.
We often hear from instructors that they consider this one of the most valuable aspects of incorporating a simulation into their course! According to Dr. Ginger Killian, associate professor of marketing at the Crummer Graduate School of Business at Rollins College,
This type of hands-on learning and engagement with real-life challenges helps prepare students to succeed beyond the classroom. Anita Sampson Binder, professor at George Brown College, uses our HRManagement simulation and notes,
Through the “practice” that simulations provide, we aim for students to get a sense of the complexity and challenge of decision-making when running a real business and, when faced with similar decisions in their own future endeavors, be able to effectively apply the lessons and thought processes they’ve learned.
Sarah Schmitz bio:
Sarah has been with Interpretive since 2014, shortly after graduating from James Madison University with a degree in communications and writing. Her primary role is in the support department as a customer relationship specialist, where she works closely with faculty to help the simulation experience run smoothly in their courses. Additionally, she also enjoys the opportunity to apply her writing and editorial skills in different areas at Interpretive, including blog posts, marketing materials, video scripts, and more. A Virginia native turned Midwesterner, Sarah currently lives in Madison, Wisconsin, with her husband.