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Business simulation or corporate simulation is simulation used for business training, education or analysis. It can be scenario -based or numeric -based. Most business simulations are used for business acumen training and development. Learning objectives include: strategic thinking, decision making, problem solving, financial analysis, market ...
t. e. Business simulation games, [1][2] also known as economic simulation games[3][4] or tycoon games, are games that focus on the management of economic processes, [5] usually in the form of a business. Pure business simulations have been described as construction and management simulations without a construction element, [2] and can thus be ...
Markstrat. Markstrat is a business market simulation game developed by Jean-Claude Larréché and Professor Hubert Gatignon, in which players take control of a virtual corporation. Players make a number of decisions in marketing, finance, research and development, and other areas in order to achieve a better performance than competing players ...
Marketing games usually focus on the marketing landscape of a certain business industry or a company [citation needed]. A marketing simulation game usually contains a number of scenarios and provides participants with results in response to their decisions. The games can be played either by individuals or teams.
Intopia (or INTOPIA) is a strategic management simulation tool in the form of a business game, and is used in a variety of undergraduate and graduate university courses. It is used to teach students the concepts of strategic management of multinational businesses in a simulated world of up to four "nations". The number of participant executives ...
The browser-based IndustryMasters product is a range of business simulation games that allows students, business people and others to sharpen their entrepreneurial and strategic management skills by building their own company and competing in real-time against each other. IndustryMasters is available in several editions, which are customized ...
Business game (also called business simulation game) refers to simulation games that are used as an educational tool for teaching business. Business games may be carried out for various business training such as: general management, finance, organizational behavior, human resources, etc. Often, the term "business simulation" is used with the ...
Since 2015, Virtonomics developers have begun to develop the direction of educational business simulations for training students and aspiring entrepreneurs. [6] This business simulation is regularly featured in ratings [7] and reviews [8] of economic and strategy games recommended for management and entrepreneurship education. [9]
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