Leadership development isn’t exactly rocket science, but at places like Raytheon Company, it comes pretty close. In 2000, the high-tech aerospace and defense company realized that it needed to develop a new system to equip its future leaders with the myriad skills necessary to to succeed in such a fast-paced and competitive industry. The two-year rotational program Raytheon created is unique in the way it prepares its emerging talent (including rocket scientists) to lead the company through the immensely complex technology challenges of the future. The program incorporates experiential learning through a combination of job rotations, competition in a business simulation, and cross-functional projects that all mirror what the next generation of leaders will encounter in their real-life assignments.
So how did Raytheon come up with their innovative new program? Well, they had a bit of help: it turns out that Raytheon enlisted the entrepreneurial experts at PriSim Business War Games Inc. to assist them in the task. Click here to read Michael Teeley’s article in the May/June 2014 issue of Training Magazine which describes in detail how PriSim’s accelerated learning process was instrumental in the development of Raytheon’s rigorous Leadership Development Program.
PriSim Business War Games Inc. runs and designs customized business simulations that teach decision-makers about business, strategy, finance, and leadership.