Business wargaming is the adaptation of military wargaming to a business environment. It helps organizations with strategic, operational and tactical planning and execution.
A wargame is a role-played simulation of a business situation and typically involves a set of teams representing a market or buyer. Additionally, wargames often represent a set of competitors and a series of circumstances that can’t be controlled. Wargaming includes a sequence of rounds that stand for a particular time frame or a phase in a plan.
Wargaming offers an unbiased approach to talk about and question an organization’s strategies and perceptions. They help facilitate a cross-functional platform for the exchange of ideas and expertise, and fosters a higher level of ownership and accountability and individual contributions.
Wargaming empowers executives to evaluate strategies in a dynamic environment and discover the outcomes.