RU ACTIVITY
BUSINESS Workshop
Raffles University's New System Learning Workshop with MonsoonSIM
[5 October 2023]
On 5 October 2023, Business Faculty host a supply chain Business System Learning Workshop with MonsoonSIM. In Raffles University, we are training our students to be Industrial ready, so that it’s essential for our students to not only understand theoretical business concepts but also to apply them in real-world scenarios. With this commitment in mind, we are excited to introduce our Learning Workshop with the invited speaker from MonsoonSIM. It is a cloud-based, experiential learning platform that is transforming the way business concepts are taught. Through gamification and simulations, MonsoonSIM offers experiential learning, enabling students to acquire knowledge and skills through direct experiences. This approach allows students to actively participate in their learning process rather than passively receiving information. It’s a way to learn business concepts as it bridges the gap between theory and practice, preparing students for the challenges of the modern business world.
Gamification: Making Learning Fun and Competitive
The platform incorporates gamification elements, such as point scoring and competition, to keep learners engaged and motivated. Students get to score points based on the success of their business decisions, creating an environment of healthy competition and collaboration. This dynamic approach makes the learning process enjoyable and encourages students to deeply engage with the material, resulting in better understanding and retention of concepts.
Simulations: Real-Life Business Scenarios in a Risk-Free Environment
MonsoonSIM provides a virtual business environment where learners can experiment with different strategies and decisions in a risk-free setting. The platform offers a variety of interconnected modules that simulate various aspects of a business, including retailing, procurement, warehousing, and more. These simulations provide hands-on experience in managing different aspects of a business and allow students to see the consequences of their decisions in real-time. They can experiment, make mistakes, and learn from those mistakes without any real-world risks.
Diverse Range of Business Simulations:
Exploring the diverse range of business simulations designed to cater to different learning objectives:
- Finance and Accounting: Understand the financial implications of business decisions and learn to optimize financial performance.
- Supply Chain Management: Manage and optimize complex supply chains to ensure business efficiency.
- Marketing Management: Learn to craft and implement effective marketing strategies in a competitive market.
- Human Resources: Learn to manage your most valuable asset – your people.
- Entrepreneurship: Experience the thrill and challenges of starting and running a business.
For our Bachelor of Supply Chain Management (Honours) students, MonsoonSIM provides an exciting and engaging way to learn. The gamified elements of the platform make learning fun and competitive, enhancing motivation and engagement. The simulated business environment allows learners to experiment with different strategies, make decisions, and see the consequences of those decisions in a risk-free environment. This hands-on experience not only deepens their understanding of business operations but also helps them develop critical skills like problem-solving, decision-making, and teamwork.
At Raffles University, we’re committed to providing our students with the most innovative and effective learning experiences. Our System Learning Workshop with MonsoonSIM represents a significant step in this direction, offering a dynamic and immersive way to learn and apply business concepts.
Get ready get start on an exciting journey of learning by doing, where business concepts come to life, and the future of business education begins!
