Business games

Business Games Simulations

A variety of business games simulations are offered for students to practice management skills. Such games can be used as an assessment in classes or meted out in competitions to improve the forthcoming generation’s managerial acumen.

Business games simulations by Capsim.net
Business games simulations by Capsim.net

Business games simulations and experiential learning

Business games simulations and experiential learning activities are growing in popularity among business schools worldwide. The interest in these approaches to teaching is driven by the rise of social media, corporate scandals such as Enron, and a demand for better leadership education.

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Experiential learning using games offers unique opportunities to help future managers acquire the skills they will need to succeed in a volatile business world. For example, it allows students to examine the consequences of decisions in a safe environment. They can experiment with different approaches to solving problems and learn from their mistakes without incurring significant costs or harm to others, such as those that might occur following an ill-timed merger or other bad decision. We also offer Capsim assignments help to all students and individuals.

In addition, experiential learning activities can help students develop emotional intelligence and learn to cooperate in teams, which are becoming increasingly important in the workplace.

The key to a successful experiential learning activity is that it’s fun. Remember how much you enjoyed playing “War” or “Cops and Robbers” as a child? Next time you’re visiting the zoo, watch children’s reactions to playing tug-of-war with the rope barrier or other games. These activities are appealing because they require active participation and provide opportunities for students to test theories about how their worlds work.

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Digital game-based learning exercises

Business games simulations is a term that refers to the digital game-based learning exercises in business schools. It is most widely used at top ranked business schools. The research of Molich, Nelson and DeBruin found that business students have increasingly embraced these simulative exercises as an important part of their education, although they are not commonly used in undergraduate education per se.

Business games simulations – “edutainment”

Business games simulations, in this context, are a type of “edutainment” that takes place within business schools. As with any game, the player has to set objectives and play strategically to reach them. The goals of some games are not defined by the designer (open-ended), while others have predefined goals (closed-ended).

The context in which the game is set can be:

Probably the most well known business games simulations are developed at Harvard University and INSEAD. These two business schools have adopted a pedagogical approach that uses digital games as a part of their MBA curriculum, under the label “programs in the field”. The Harvard program is known as “MBA in Management (MM)” and the INSEAD program is known as “International MBA (IMBA)”.

The game-based learning exercises are developed by software companies that specialize in game design and development. In 2013, Professor David D. Schmidt, PhD at Yale School of Management created the executive game development company “Game-Based Learning Solutions” to offer this platform as a service for business schools. It is available for business schools that want to implement an MBA program in Management using digital games, but do not have the expertise or resources to develop their own games.

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Courses that use Business games simulations

The courses are delivered through physical spaces and video conferencing platforms, usually using a blended learning approach. The class sessions are live and in-person at the business school campus, but they are also video streamed to remote students who can participate from their home or office.

Strategies in business games simulations

Students quickly learn strategies by playing the game (good strategy beats random moves). Students have reported improvements in their skills as managers after playing the game.

Foundation Games and COMPX

The most commonly used game design toolkit is the “Foundation Game Design Language (FGDL)” created at INSEAD by Professor Eric P. Kann and his PhD students. It is a general framework that allows simulation designers to create games for many types of professions, such as business, law, health care or engineering. It has been used at many top ranked business schools in Europe and Asia, as well as in United States.

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Structure of business games and simulations

The general structure of the games is similar to a “game tree”: a series of choices where the player’s decisions determine choices available later in the game. Each choice leads to multiple possible outcomes. Usually each outcome is scored based on a set of criteria and the player is required to meet some minimum number of points in order to get a good grade for the game. The gameplay is measured using a tool called “game analytics” which aggregates all student’s decisions and choices into an overall score. Game analytics also allows teachers to see how students are performing and, if necessary, intervene to provide hints and answers.

Design of business games simulations

The “game tree” is a popular design because it allows the game designer to create a great number of different outcomes, but also control how content is delivered to players and measure their progress.

Business games simulations Assignments

Business games simulations help students learn to develop a winning strategy by offering students many different challenges in order to practice and reflect on their decisions.

It is important that the information that the player “sees” is consistent across all games, so that students are able to compare their results with other players. This allows them to learn from each others’ experience when designing business strategies.

Similarly, it is important that the definition of “winning” is consistent in all games. It might be based on profit, but it could also be based for example on market share or value creation. Winning needs to have a single and objective definition.

The game should be designed in such a way that players can learn from their mistakes and develop their own strategies to maximize success.

The games are designed to be relevant and interesting for students. That means designing a game that uses examples of businesses or industries that today’s student will recognize, such as banking or technology companies, rather than a company from 10 years ago. Students also want to play the “best” game possible: if they are having fun they will come back and play more.

The game should take time to learn, but once learned players need to be able to move quickly through the choices in the game. It is best if games can be played within 15-30 minutes of real time, so that students can fit them into their busy schedule, such as between classes or before a meeting.

The game should have enough choices that it actually creates some uncertainty in the player’s mind about which choice to make, but not so many choices that they become overwhelming. Usually the right number is between 12 and 30 different choices for players to consider.

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Business games simulations Homework Help

Games are usually assigned as homework. Students usually spend between 60 and 80 minutes playing the game and then discuss it with their team in a meeting together with their teacher. The most important part of the game is not how they do on it, but that they learn to appreciate different business strategies from each other and apply what they have learned into real-world business situations.

Business games simulations by Capsim.net
Business games simulations by Capsim.net

Business games simulations online

Many teachers choose to assign a simulation for homework because it gives the opportunity for students to reflect on their decisions and learn from each other’s experience. However, there are still some barriers to this approach that need to be addressed if it is going to work well in a large class:

In order for the simulation to be effective it is important that students have some experience of playing a game before they start. This could mean that teachers need to create opportunities in class for students to play games together in small groups, or go over the concepts and rules with them offline. Alternatively, if there are only a few hours available for discussing the game after it has been played, teachers may need to bring the students up-to-speed on how to play the game before assigning it as homework.

The stakes of the simulation or game should be high enough for players to care about their results and invest some time learning from them. Once they have invested effort into learning from playing a game, students are more likely to internalize the lessons that they have learned from it. If there is not much at stake then students may feel like they have wasted their time.

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The relevance of business games simulations

The game needs to be relevant for the subject area and useful for assessing student learning goals. That means it should engage all participants from different backgrounds and with different strengths in a creative way. The game should be designed in such a way that it tests all types of students, not just the most capable or the best at mathematics or business skills.

The game should be based on real business cases and examples, so that students can relate to them. For example, students might learn about how to set up an effective supply chain so they can see the relevance of it to how new products are shipped from countries like China around the world.

How students  should handle business games simulations

The game should be designed in such a way that students feel they have achieved something worthwhile by playing it. Playing a game is not usually seen as an end in itself, and if players don’t feel like they have achieved something then they will probably not feel motivated to learn from it.

Teachers need to make sure that the game is really easy for students to play from home, either through email or by adding an interactive version of the game onto a school website. There are many websites where teachers can find free simulations which get students playing games online within minutes.

Students learn a lot from playing games, but it is essential that teachers give them the opportunity to reflect on what they have learned. This could mean giving students time for a whole class discussion or asking questions during an independent task in science lessons. Some teachers might find it useful to assign another paper or project after students have played the game. We will also help you with your business games simulation assignments and homework doer at affordable prices. We got super-trained tutors for business games simulations.

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