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May 18, 2023 . Read 5 min

Empowering Next-Gen Leaders Through Simulation-Based Learning

Team Vedanta

Vedanta Limited, an industry leader in digital transformation, is constantly pushing the envelope in people’s practices. Unveiling the latest in a series of pioneering initiatives, we have rolled out a groundbreaking simulation-based experimental learning program that seeks to equip our next-gen leaders with the skills and competencies needed to ascend to future CXO roles. Our goal has always been clear – fostering growth from within and creating high-performing, dynamic leaders who are ready to navigate the ever-evolving business landscape.

Keeping this in mind, we have curated a learning module specifically for our mid-level managers – bright minds who are on the cusp of becoming future CXOs. These individuals are primed to lead strategic business units (SBUs). To ensure that they are future-ready and equipped to tackle emerging challenges, we realized the need for a unique training module, one that transcends the boundaries of traditional learning and development.

Our solution to this is a bespoke training module that encapsulates a simulation-based learning program. This experimental approach allows our mid-managers to immerse themselves in realistic business scenarios, enabling them to learn and adapt in a simulated environment before facing the challenges of the real business world. The gamified context not only enhances the learning experience but also fosters a sense of ownership and personal investment in their development journey. The participants in this program are identified through our various talent management initiatives such as Management ACT UP, Emerging Leaders, V-Lead, VC Growth Workshops, and nominations by department heads and HR. The program consists of eight sessions, each honing a specific competency: 1) Behavioral Critical Thinking; 2) Business Acumen; 3) Stakeholder Management; 4) Team Handling; 5) Digital Leadership; 6) Innovation; 7) Agile Working; and, 8) Design Thinking.

We focus on experiential learning, combining in-classroom teachings, case discussions, business simulations, and assessments. It not only fosters a deeper understanding of the intricacies of leadership but also allows for practical application and immediate feedback through our leaderboard system and pre & post-program assessment scores. The multi-faceted approach ensures our emerging leaders are well-rounded, capable of strategic decision-making, and proficient in modern digital operations. This training module aligns seamlessly with our vision of 'Leadership from within', enhancing our talent pipeline to take up strategic projects overseen by our senior leadership. We foresee these trained leaders driving organizational growth, fostering a learning culture that encourages knowledge-sharing, innovative idea generation, and collaborations at all levels.

This learning module is a vital piece in our high-level strategic blueprint, an extension of our commitment to embedding innovative people practices across the organization. It empowers individuals to grow both professionally and personally, equipping them with future-ready skills. They are better prepared to deliver on business outcomes, improve process efficiency, and navigate the digital landscape. Simultaneously, it strengthens our organization, turning it into a robust, agile entity ready to meet the future head-on.

We are proud to be spearheading digital change in people practices with innovative initiatives like this leadership training module. By investing in the development of a world-class workforce, we are strengthening our commitment to ensuring our continued success. Today, we stand on the cusp of a new era in learning and development, ready to lead the charge into the future.