Learn the critical decision skills with business simulation games

Published on April 8, 2022

Simulation games are created with real-world scenarios in mind. The goal of creating such games is to simulate real-life activities, train, or analyze any given environment.

The goal of a simulation game is to take real-world problems from many professional fields, create models that depict diverse scenarios, and allow students to put their talents to the test. Business simulation games adapt the same concept for the management sector.

Students can understand the managerial decision-making process through simulations. Students gain a better understanding of the business as a whole in this manner. They are able to analyze departmental interactions and comprehend the role of the competitive environment. Students from all disciplines, not just business, should participate in business simulations to better grasp the realities of management and to recognize the skills and competencies required to succeed in the marketplace.

Business games can help students learn and prepare for the workforce by providing contextual experiences that allow them to understand how to do it. When the offered environment is risk-free, realistic, and permits replies with fast feedback, business games strive to collaborate in the teaching-learning process.

The linkages between supply, plant, and distribution operations through storage, transport, movement, and distribution of logistics products can be complicated, involving strategic, tactical, and operational levels. Furthermore, the complexity of these relationships has the potential to improve organizational performance. To cut costs or make compromises, decisions made throughout the logistic processes must be integrated and systematized in this fashion.

A simulation-based business game should be enjoyable, fascinating, and engaging, and it should be viewed as entertainment that fosters student trust and spontaneous participation. A well-designed game can aid in the acquisition of specific concepts and abilities by allowing players to solve difficulties through decision-making.

In the classroom, simulation-based business games have been utilized to aid in the teaching and learning process. The use of information technology and the usage of business games as a pedagogical support tool to modernize classes has improved the process of communicating simultaneous results with instant feedback.

Simulation can help with strategic and tactical decisions in order to improve financial performance. The GRAI grid, which tries to provide a general description of a production system, focusing on the control of point of view, was used to provide a scheme that includes a production system with the view of a decision model. At the decision center level, the control of a manufacturing system will be depicted from a global perspective.

Finally, the methods in which business games have been implemented on updated technology platforms have allowed for changes in the development of engagement as well as immediate feedback on decision-making outcomes. Moreover, these factors encourage students to become more involved in the learning process and interact with educational resources. All of this is possible thanks to the Internet and cloud computing, as well as user-friendly interfaces and regional and time zone independence.

If you would like to know more about business simulation games, contact Leader Edutech on +971 4 575 4932 or visit the website www.leaderedutech.com for a broader understanding.