Advantexe Learning Solutions, West Conshocken, Pennsylvania: Chief Information Security Officer Business Simulation

Company: Advantexe Learning Solutions, West Conshocken, PA
Company Description: Advantexe is an award-winning training and performance improvement organization that designs and delivers customized learning solutions in Business Acumen, Business Leadership, and Strategic Business Selling. We utilize sophisticated business simulations as the catalyst for learning and we enable participants to "learn-by-doing", retain knowledge longer, and become significantly more productive.
Nomination Category: New Product & Service Categories - Education
Nomination Sub Category: Game-based Curriculum Solution

Nomination Title: Advantexe Learning Solutions's Chief Information Security Officer Business Simulation

Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:

Launched February, 2022
If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):

Total 327 words used.

Today, a Chief Information Security Officer (CISO) needs to understand how their decision-making affects the business and financial performance of a company as well as how to position the value of cybersecurity projects in order to secure the right budgets and people to effectively develop and implement the organizational security solutions. In addition, a CISO needs great interpersonal skills to engage and align other functions within the business.

To help IT professionals, as well as CISO’s build the necessary skills to provide more value to the security of the business, Advantexe developed the Chief Information Security Officer business simulation.

In much the same way a flight simulator enables pilots to hone their instincts and build their flying skills, Advantexe business simulations provide participants with the opportunity to “fly a business.”

The Chief Information Security Officer simulation serves as the bridge between learning and real-life experience. Learners apply new ideas and concepts in a risk-free business simulation that emulates their working environment to experience the systemic consequences of their actions.

Outcomes of the simulations are not pre-determined. Instead, performance is based on the decisions and actions of learners. This allows them to test hypotheses, experiment with decision-making, interact with diverse characters, and visually see the immediate effect on the performance of the simulated business.

In the simulation, learners take over the role of the CISO for a multi-billion-dollar industrial lubricant manufacturing company called Orange Enterprises, Inc. (OEI).

In the role, teams of 3-4 learners are responsible for aligning senior management, managing the security team, and setting and executing a cybersecurity departmental plan. Learners develop a strategy, and corresponding budget and must work closely with cross-functional teams to ensure security systems are aligned, all while working with the CFO to manage expenses.

At the completion of the simulation, all of the groups must present their results, plans and strategy to a Board of Directors where they receive feedback, and a winner of the simulation game is identified.
If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 349 words used.

The Chief Information Security Officer simulation is an interactive case study that comes to life. It was designed to help learners uncover the critical interactions that drive or prevent the success of running a security function. The goal of the simulation is to help participants build skills by placing them in real-life situations that require critical decision-making. The learning objectives include,
- Building business acumen skills to understand how the decisions made in the security department affect profitability
- Strengthening the ability to work with functional departments and have business discussions about needs
- Developing the skills to communicate with executives and board members
The simulation has been run for over 100 people with 99% of the participants recommending the learning to others in their company. Direct feedback from learners includes,
- “This is the best training I have ever received’ – CISO Fortune 500 Company
- “I learned the importance of aligning our team with the company so they can understand the potential dangers of a cyber-attack.” - CISO leading technology company
- “The simulation has really helped me to think about how I interact with senior leadership. I just wish our CFO was as nice as Orange’s CFO! LOL” - Senior IT professional.
Additionally, one of the most exciting features of the simulation is that we can capture simulation end results. This allows us to track skill development and observe behavioral change. A few examples include,
- 47% of learners reduced their overall budget which resulted in a decrease in security metrics and employee satisfaction.
- 72% of learners experienced an increase in the Cost of Goods Sold due to investments. Learners indicated that they better understand how increasing product security features effected Gross Margins.
- 89% of the groups experienced an increase in revenue. Learners were able to better understand how having stronger security features help increase customer satisfaction.
- 7% of the teams had negative Net Income. Learners experienced the impacts of cutting their budgets too much as consumers decided not to purchase the products. One Participant said, “We tried to manage our expenses, but being cheap influenced what people wanted to buy.”
You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 41 words used.

We have provided access to the simulation below. There are three user names and passwords. if you need more, please email jim.brodo@advantexe.com

URL: https://forio.com/app/advantexe/ciso/login.html

Passwords: For all user names is Simulate2022

User Names
- Stevie-awards-1210
- Stevie-awards-1211
- Stevie-awards-1212

Attachments/Videos/Links:

Advantexe Learning Solutions's Chief Information Security Officer Business Simulation
	CISO Simulation Introduction
	CISO_Business_Simulation_Final.pdf

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Advantexe Learning Solutions, West Conshocken, Pennsylvania: Chief Information Security Officer Business Simulation