In Value Realised By Clients
$17 Billion
Virtual World Rehearsals are designed to leverage the underlying human mechanisms involved in accelerated learning & change. These adaptive unconscious processes learn 200,000 faster than conscious processes. For corporations this means adaptation to complexity can be reduced from years to weeks and 8-16 hours of experience in the virtual world can accelerate real world expertise by years.
Geoffrey Wade
CEO, Onirik
We help business answer questions they previously didn't know they should ask.
Dr David Lehnman
COO, FutureView
TM
The Cost Of Failure Is
Virtual
Real
Yet The Learning Is
Learn Anticipate Adapt
Elliot Cohen identified three modes of military failure that can translate to business strategy:
-
failure to learn,
-
failure to anticipate and
-
failure to adapt.
With accelerating rates of change we see repeated examples of aggregate and catastrophic failure (when two or three of these factors are concurrent) - Kodak and Nokia are just two examples.
Most organisations have a strategy and innovate, yet most never realise their potential due to incomplete testing and failure to diligently implement.
Research suggests that a minimum 67% (and up to 90%) of well-formulated strategies failed due to poor execution and more than 90% of business improvement investments fall short of expectations.
Unprepared leaders and rapidly changing business environments are cited as primary causes.
Science shows us people and organisations learn best through trial and error - through iterative failure. The business world can’t afford this type of learning.
We work with FutureView to help organisations to accelerate successful strategy realisation. Our virtual world rehearsal approach releases the capability of leaders and teams, uncovers innate talent, encourages creativity and fosters discretionary effort.
Strategic plans and business improvement initiatives succeed after rehearsal within a FutureView virtual world because leaders and their teams learn, anticipate and adapt in an environment where it is safe to take risks and learn from failure and success. The risk is virtual, the cost of failure is virtual and yet the learning is real and when bought back to, and applied in the real world, drives business performance improvement transformations.
TM
TM
Why Use Virtual World
Rehearsals In Business?
The virtual world rehearsal has shown dramatic financial turnarounds for companies on the brink of disaster and accelerates learning and change to align organisational behaviour with high-level strategic goals.
The key to the success of FutureView rehearsal is learning through repetitive trial and error. Those who participate in the process unlearn outdated or unaligned knowledge and behaviours through failure, while practicing and learning implicitly how to deliver on non-negotiable goals. It allows participants to fail in the face of real time feedback and invent novel solutions until the goal is reached, drawing concrete links between behaviours and long-term consequences.
TM
