Importance of Experiential Learnining

Experiential Learning 

According to a study of Baldwin, T. T., Pierce, J. R., Joines, R. C., & Farouk, S. (2011). The elusiveness of applied management knowledge: A critical challenge for management educators. Academy of Management Learning & Education, 10, 583–605. over 2600 professionals and students, an average of only 20% of the knowledge students acquire in the classroom can be skilfully applied.

One of the best ways to learn is to learn while you are living with the material. Learning by simulating “by trial and error” has great similarity with the real practice of business life. Experiences that can be costly in reality are presented in a simulated environment but learning without losing your sense of reality is and unforgettable and lasting experience for those who aim to become professional in academic institutions or in business life.