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  2. Business simulation - Wikipedia

    en.wikipedia.org/wiki/Business_simulation

    In a business game or business simulation game, a scenario is played out in a simulated environment and the learner or user is asked to make individual or team based decisions on how to act in the simulations. Often multiple choice alternatives are used and the scenario is played out following a branching tree based on which decisions the ...

  3. Management and Economic Simulation Exercise - Wikipedia

    en.wikipedia.org/wiki/Management_and_Economic...

    At the end of the simulation, the most successful team is the one that has the highest profit and market share. [2] The program is used for the annual seven-month-long Hewlett-Packard Global Business Challenge, run globally over the Internet. During the competition, Junior Achievement students and alumni between the ages of 14 and 22 make team ...

  4. Training simulation - Wikipedia

    en.wikipedia.org/wiki/Training_Simulation

    In business, training simulation [aka Simulation Training] is a virtual medium through which various types of skills can be acquired. [1] Training simulations can be used in a variety of genres; however they are most commonly [2] used in corporate situations to improve business awareness and management skills. They are also common in academic ...

  5. Project management simulation - Wikipedia

    en.wikipedia.org/wiki/Project_management_simulation

    Project management simulation for training is an interactive learning activity, frequently practiced as a group exercise. The purpose of the simulation is to impart to students the competencies (i.e. knowledge, skills, and attitudes) that will ultimately improve their performance. [1]

  6. Intopia - Wikipedia

    en.wikipedia.org/wiki/Intopia

    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".

  7. Beer distribution game - Wikipedia

    en.wikipedia.org/wiki/Beer_distribution_game

    It reflects a role-play simulation where several participants play with each other. The game represents a supply chain with a non-coordinated process where problems arise due to lack of information sharing. [1] This game outlines the importance of information sharing, supply chain management and collaboration throughout a supply chain process ...

  8. Business game - Wikipedia

    en.wikipedia.org/wiki/Business_game

    Often, the term "business simulation" is used with the same meaning. A business game is defined as "a game with a business environment that can lead to one or both of the following results: the training of players in business skills (hard and/or soft), or the evaluation of players' performances (quantitatively and/or qualitatively)". [1]

  9. Simulations and games in economics education - Wikipedia

    en.wikipedia.org/wiki/Simulations_and_games_in...

    A simulation game is "a game that contains a mixture of skill, chance, and strategy to simulate an aspect of reality, such as a stock exchange".Similarly, Finnish author Virpi Ruohomäki states that "a simulation game combines the features of a game (competition, cooperation, rules, participants, roles) with those of a simulation (incorporation of critical features of reality).

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