What have you learned Business simulation is simulation used for business training or analysis. Most business simulations are used for business acumen training and development. Learning objectives include: strategic thinking‚ financial analysis‚ market analysis‚ operations‚ teamwork and leadership. The business gaming community seems lately to have adopted the term business simulation game instead of just gaming or just simulation. The word simulation is sometimes considered too mechanistic
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Report concerning the decisions and results of Period 2. 09.01.2013 Business simulation Executive Summary This report provides the Chairman of the board an analysis of the decisions and the results of the Company 1 in Period 2. The focus is given on how our company organized the process of planning in the Period 2 and I tried to critically analyze the results compared to our plans. In period 2 our company was seemed to do better than the previous period (period 1)‚ but in my opinion period
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Developments in Business Simulation and Experiential Learning‚ Volume 26‚ 1999 STUDENT EXPERIENCES IN THE INTERNATIONAL COLLEGIATE BUSINESS POLICY GAME COMPETITION William D. Biggs‚ Beaver College Michelle Duffy‚ U.S. Navy David Leposa‚ Chrysler Credit Corporation Andrew Milne‚ Vital Solutions International‚ Inc. Eleanor Schwartz‚ Bell Atlantic ABSTRACT This condensed paper provides comments from four students who represented Beaver College in the 1998 International Collegiate Business Policy Game Competition
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------------------------------------------------- SIMULATION REPORT The objective of the project was to trade on a Market Simulation “STOCK TRACK”‚ from 2/13 to 4/20. We were supposed to try to trade different types of instruments in order to gain more knowledge about they are trade in the real world; and how a strategy which seems good can be overturned by the market circumstances. During this period as a conservative‚ I tried to trade less risky instruments. The qualities that I used to
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iBizSim: International Business Simulations: Management Report Industry 3 Company 2: Preset name (please change): Industry 3 Company 2 September 24‚ 2012 Period number 0 1. Company 1.1 Decisions with effect in this period Lean management Payment of dividends 1.2 Results Company fixed costs Total throughput time Single shift Double shift 1.3 Indices Lean management [accumulated value] 350‚000 Euro 600‚000 Euro 70‚000 Euro 2 % 40 days 25 days 2. Sales 2.1 Decisions with effect in this period
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WORKING CAPITAL SIMULATION: MANAGING GROWTH CASE OVERVIEW Sunflower Nutraceuticals (SNC)‚ is a privately held nutraceuticals – a wide distributor which provides all the vital dietary supplements such as herbs for women’s‚ vitamins‚ and minerals for all the consumers (mainly women’s)‚ distributors and retailers. They are struggling to break even‚ with relatively flat annual sales growth and thin margins. SNC generates $ 10 million in revenues and holds a large selection of SKU’s
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INTRODUCTION This report is based on the business game we played on footwear industry. Whilst the task set for this group business game is strategic in nature and obviously requires the team‚ a variety of strategical knowledge. It is my experience that there are several other areas of expertise equally important. A large amount of time and effort throughout this game has been spent on team-working - organising the team‚ processing and collating the vast amount of information that it created‚
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Title of Report in Initial Capital Letters: Times New Roman (24 point‚ Boldface) and No more Than Three Lines Your Name Name of Your Department Southern Polytechnic State University Date Title of Report in Initial Capital Letters: Times New Roman (18 points‚ Boldface) and No More Than Three Lines Your Name Name of Your Department Southern Polytechnic State University Date Summary All reports should include a one- or two-paragraph summary. This summary
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Our first task was to study the market research and decide our initial strategy. To decide our initial strategy‚ first we analyzed the different types of research data. There were five segments to choose from; Cost cutter‚ Work horse‚ Innovator‚ Mercedes and Traveler. We reviewed the customer needs for each segment and the information regarding how customers intend to use computers. After that we looked at the average price each segment was willing to pay for the ideal brand in different cities
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laws of real life economy‚ business and finance but also enjoys playing online games‚ meeting interesting people and making useful connections. It is a versatile game that allows for the combination of logical and business gaming with real economic simulations & economic strategies hence the very high attractions with managers and other business men. Some of the features of this game: • It is a business game with ideas that can be applied to real life business scenarios • It is a global
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