Experiential Learning with TYCOON®: Bridging Theory and Practice
In today's rapidly evolving business landscape, traditional learning methods often fall short in preparing leaders for real-world challenges (Deloitee's Study 2019). TYCOON® addresses this gap by integrating David Kolb's Experiential Learning Cycle into an immersive business simulation, transforming theoretical concepts into actionable skills.
David Kolb published his learning styles model in 1984 from which he developed his learning style inventory. Kolb's experiential learning theory is concerned with the learners’ internal cognitive processes. Kolb stated that learning involves the acquisition of abstract concepts that can be applied flexibly in a range of situations.
In Kolb’s theory, the impetus for the development of new concepts is provided by new experiences.
“Learning is the process whereby knowledge is created through the transformation of experience” (Kolb, 1984, p. 38). And we put this core concept into TYCOON.
Want to zoom into the ROI of Experiential learning? Find out more in this article.
1. Concrete Experience: Immersive Business Simulation
Participants step into the shoes of entrepreneurs, navigating the complexities of business stages from LAUNCH to MATURITY.
This hands-on approach fosters deep engagement, allowing participants to:
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Develop Critical Skills: Enhance decision-making, strategic thinking, and leadership abilities.
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Experience Real-World Scenarios: Manage challenges in a controlled, risk-free environment.
2. Reflective Observation: Analyzing Performance
After the simulation, structured debriefing sessions encourage participants to reflect on their actions and outcomes. This phase promotes:
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Insightful Self-Assessment: Identify strengths and areas for improvement.
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Peer Learning: Share experiences and strategies with fellow participants.
3. Abstract Conceptualization: Formulating Strategies
Building on reflections, participants conceptualize new strategies and approaches. Facilitators introduce relevant theories and models, enabling participants to:
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Integrate New Knowledge: Apply learned concepts to business contexts.
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Plan for Future Scenarios: Develop adaptable strategies for diverse challenges.
4. Active Experimentation: Applying New Skills
Participants re-enter the simulation with refined strategies, testing their newly acquired knowledge.
This iterative process ensures:
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Practical Application: Translate theory into practice effectively.
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Continuous Improvement: Adapt and enhance strategies based on real-time feedback.
NEXT: Linking the Experience Back to Reality
After the game, the facilitator guides participants in drawing connections between the simulation and their real-world roles. This ensures that the insights gained during the game translate into workplace actions.
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Metaphors That Resonate – The use of metaphors within the simulation makes experiential learning distinct from traditional training, reinforcing key leadership principles in an impactful way.
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Memorable & Actionable Learning – The hands-on experience engrains lessons deeply, allowing participants to confidently apply their newfound skills and strategies in their professional environment.
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Final Individual Debriefing – To maximize learning retention, we recommend a 30-60 minute debrief, tailored to the organization’s goals, team size, and training format.
Why Choose TYCOON® for Experiential Learning?
✅ Engaging and Fun – Interactive gameplay makes learning enjoyable and memorable.
✅ Immediate Feedback – Real-time coaching from peers and facilitators accelerates growth.
✅ Team Collaboration – Strengthen teamwork and problem-solving skills in a dynamic setting.
✅ Reflective Practice – Cultivate habits that encourage continuous personal and professional development.
Transform Your Team's Potential with TYCOON®
Ready to elevate your organization's leadership and decision-making capabilities? Experience the power of experiential learning with TYCOON®. Contact Us Today to schedule a free strategy call and discover how TYCOON® can drive meaningful change in your team.