Immersive XR Simulation-Based Learning Transforms Business Education at Pearl Academy School of Business
Business partnership between Pearl Academy's School of Business and INSEAD XR introduces real immersive learning experiences
Pearl Academy School of Business (PSB) has made a groundbreaking move in the realm of business education by partnering with INSEAD XR Lab to incorporate immersive Extended Reality (XR) simulations into its curriculum. This innovative approach aims to elevate the learning experience by providing students with real-world, multi-sensory environments that foster critical thinking, decision-making, and collaboration.
Insights into the Partnership
- Partnership with INSEAD XR Lab: By partnering with INSEAD XR Lab, a leading centre in immersive educational technology, PSB becomes one of the first institutions in India to embrace this cutting-edge technology in its classrooms[1].
- XR Simulation Workshops: The partnership includes conducting XR Simulation Workshops, where students engage in immersive experiences. Two notable simulations are The Avocado Case, focusing on strategic decision-making, and Mission to Mars, emphasizing critical thinking and collaboration[1].
- Immersive Learning Experience: Students are transported to high-impact environments using VR headsets during the simulations. For instance, they may find themselves planning strategic decisions on the shores of Zanzibar or managing a mission control centre for Mars[1]. These simulations replicate real-world business challenges, enabling students to make informed decisions in dynamic environments.
The Impact on Business Education
- Enhanced Decision-Making Skills: By experiencing real-world scenarios in immersive environments, students develop more effective decision-making skills. This approach equips them with the confidence to navigate complex business situations[1].
- Emotional Intelligence and Agility: The simulations focus on developing emotional intelligence and agility, essential qualities for business leaders. Students learn to respond adaptively to changing conditions, mimicking the unpredictability of real-world business environments[1].
- Global Collaboration and Innovation: The partnership with INSEAD XR underscores PSB's commitment to global collaboration and innovation. This places PSB at the forefront of innovative educational practices in India, setting a new standard for business education[1].
In addition, PSB plans to formally integrate immersive XR simulations into the MBA curriculum from the upcoming semester[2]. This move is expected to introduce immersive XR simulation-based learning to business and management education.
Established 32 years ago, Pearl Academy has evolved into a globally renowned institution of higher learning. With a legacy of success, Pearl Academy has consistently exceeded a 99% placement rate and has over 700 top recruiters hiring its graduates annually[3]. This partnership further cements its position as a driving force in the creative industries, both in India and globally.
References: 1. Pearl Academy Press Release 2. Pearl Academy School of Business Communication 3. Pearl Academy School of Business
- The innovative partnership between Pearl Academy School of Business (PSB) and INSEAD XR Lab, a leading centre in immersive educational technology, signifies a significant step in integrating technology-driven events like XR Simulation Workshops into the realm of business education.
- By incorporating immersive XR simulations into their education, students at PSB are exposed to education-and-self-development opportunities that foster critical thinking, decision-making, and collaboration, ensuring they are equipped with the skills necessary for success in tomorrow's business world.
- This forward-thinking approach to business education emphasizes the importance of innovation and global collaboration, setting PSB apart as a pioneer in the field, driving the creative industries forward both in India and globally.
