Conscious Capitalism Simulation Experiences – Captivated and Anxious

Abstract

Corporate social responsibility and ethics are increasingly important in achieving business goals. Conscious capitalism is a “way of thinking about capitalism and business that better reflects where we are in the human journey, the state of our world today, and the innate potential of business to make a positive impact on the world” (McCobin, 2017). Simulations have been shown to be one of the most effective learning tools. I have adopted simulations in three business courses. The Conscious Capitalism® simulation (CC®) engendered significant engagement of and challenge for students. Placed into diverse teams, they are captivated by role-playing senior business executives in an active, hands-on learning experience. Success depends on team members, competition from other teams and information not yet available (Cadotte, 1995). This is an example of novel and adaptive thinking in a constantly changing and unpredictable virtual environment. Often, students are uncomfortable with interdependence and find it difficult to grasp that “there can be no magic bullet strategy or single combination of actions and decisions that is ‘guaranteed‘ to produce an industry-winning performance” (McGraw Hill, 2016). This ambiguity simulates ‘real world‘ challenges. Anxiety results if previous academic success stemmed from clearly structured problem-solving in order to “know the answer.” Student reflections note a refreshing style of learning, the thrill of competition, and being humbled. 

This presentation discussed CC® pedagogy, provided context for student reflections and offered the audience opportunity for input on a new diversity and pay equity module in the CC® simulation.