Here is a fun short blog about simulations and kids: My son has $23.6 billion. How is yours doing?.
Takeaways:
- Start a simulation mindset for major strategic decisions. Determine the minimum viable model you can use to represent your situation. Use that model to create a game, discussion, or workshop. Play.
- Get familiar with the “Wisdom of Crowds” concept. It’s a critical intellectual foundation for why this approach will work. But without simulation, it can be hard to use.
- Let your future executives, er, children, hone their strategy skills early: guide their games rather than just criticizing them.