Mirroring real-world decision-making experiences in a competitive environment, experiential learning helps to create emotionally-charged environments, leading to results. It engages participants on a higher level and embeds real and lasting results due to the fact that they are experiencing concepts and challenges that they wouldn’t otherwise encounter through traditional learning methods.
Studies have shown that lessons learned by effective managers are usually driven by the following 70:20:10 model:
- 70% from on-the-job experiences
- 20% from constructive peer interaction
- 10% from training courses and reading
While most management development courses only contribute to the bottom 10%, experiential learning programs focus on providing realistic, risk-free competitive environments where participants learn through experience (the 70%) while also working in cross-functional and cross-market teams (the 20%).
The result of this approach is that participants will learn through a much broader experience, resulting in much longer-lasting changes in knowledge and behavior.
Learn more about experiential learning by downloading our Free Experiential Learning User's Guide