It allows participants to develop and acquire new skills in a safe environment that reflects real-world situations in an ultra-compressed timeframe. Experiential learning is practiced through business simulations and serious games. Participants can experience years of market activities in a matter of days or even hours.
Studies have shown that the most effective managers learn by following the 70:20:10 model.
Effective managers learn by actively experiencing and figuring out concepts themselves which is what makes experiential learning so effective.