TRAINING FOR ENTREPRENEURIAL

MINDSET
OBJECTIVES
To improve business acumen that enable better
judgement and prudent decision each day
To improve service mind set by identifying stake
holders and satisfying their needs
It prepares people for:

Inter personal skills

Decision making skills
Better Judgement
Problem solving ability
Conflict resolution
Time management
Resource management
LEARNING OUTCOMES

Entrepreneurial mind set

Financial analysis
Operations management
Teamwork
Leadership
Competencies
Strategic mind set

DESCRIPTION
Step 1
No of facilitators depends upon type of simulation and
their role includes
Valid information
Internal commitment
Serving every ones interest and thinking
systematically
Increasing responsibility and ownership and reducing
dependence
Creating conditions for learning

Step 2
SIMULATIONS

TEAMS

VENDOR
S

CURRENC
Y
ISSUERS

AUDITOR
S

PERFORME
RS

Step 3
Planning for construction of creative model

Height/ width of model

Required resources
Cost estimation
Determine suppliers
Acquiring resources
Approval

Step 4
How to acquire resources:
Currency issuers will issue currency in four situations
o Benefits of business and service mindset to
students
o Benefits of business and service mindset to
business
o Service idea
o Currency issue by facilitator
Acquiring :
o Land
o Papers
o Solution tapes
o Straws
o Stapler
Step5
Visual presentation of sample models
Step6
Model development

 Team using less resources and more creative and

practical model will get Rewards and benefits

TIMELINE
Step1
0.5
hour

step3

0.5
hour

0.5
hour
s

0.5
hour
0.5
hour

Step2

0.5
hour

step5

step4

step6

PROCEDURE
Steps of simulation
Need Assessment: This step is essential. For simulation to be effective, it needs to
solve the right problem. Take a look at the system and its flaws to formulate the problem
statement.
Select Input Variables and Entities: Use the problem statement to create entities and
variables for the simulation. Entities are the bodies the simulation tracks. For the
supermarket model, the entities could be people. There are two types of variables.
Decision Variables are variables that can be controlled by the programmer.
Uncontrollable Variables are variables that are random and can be approximated, but
not controlled by the programmer.

Make Constraints on Decision Variables: Begin to form your constraints1 on the

decision variables. To customize the simulation to the real world system, assign values
and constraints to the variables that can be controlled.
Determine Output Variables: Establish what variables you want the simulation to
output. During this step, consider your problem statement. What are you trying to solve?
Try to program output variables that are broad enough to help see the problem. For
example, if your only output variable were customer wait time, you would be unable to
see the cashier and bagger idle time. You cannot fix a bike with only a flashlight in a
dark room. To fully see the problem, you need light from every direction. Only then can
you see the problem.
Collect Data from Real-Life System: Gather information from the system to input into
the simulation. This can be done using a combination of stopwatches, video
surveillance, computer print-outs, and manual data collection (ie: individual tallies when
customer leaves within specific time interval)
Model Development: Develop a logical diagram/flowchart to visually see the
progression of the simulation. This will help you see and better model the system. There
are two approaches for developing your flowchart, and eventually your simulation. The
model approach you choose will inevitably dictate the outputs.
Select Simulation Software: Choose simulation software to run your model. You may
need to assign different capabilities, such as a random number generation, which would
help model the randomness of reality in the simulation. The software you choose affects
your simulation, so select the best type for your needs.
Model Verification: Run the simulation and compare the results to the actual system.
Confirm if the data found is comparable to real data. Additionally, make sure the model
is consistent with your initial logic. Did you build the model correctly? Rework your
simulation until it resembles the real world data.

Model Experimentation & Optimization: Test the simulation to find the best possible
solution to the problem. Try altering some of the variables. Graph all findings to see all
possible solutions, as there may be more than one solution to the problem. You as the
programmer decide the best possible option based on your knowledge of the system.
For example, if the simulation output suggests that one solution is having 30 cashiers
working per shift, you as a programmer know that is not economically possible for the
store. You must find a better solution.
Implementation of Simulation Results: Apply the results to the real-world system
after determining the best solution based on the data input. Be prepared to see changes
in the system function.