The paper "Business Simulation Game FAQs - BB Company " is a perfect example of a business case study. The following report depicts an analysis for five years of BB Company, as the manager of the company. The report is showing the competitive strategy, external analysis, internal analysis and the decisions that are taken to ensure the competitiveness of this company. In addition, the report includes the results of the running of the company, strategic directions, underlying strategic principles, key learning outcomes, and reflections and conclusions. As a Manager, I had to keep in mind that Business simulation games, otherwise called economic simulations games or tycoon games, are games that emphasize the administration of economic processes, usually as a business.
Pure business simulations have been named as development and management simulations without a construction component, and can hence be called management simulations. To be sure, micromanagement is regularly stressed in these sorts of games. They are numeric; however, attempt to hold the player's consideration by utilizing creative illustrations. The enthusiasm for these games lies in precise simulations of genuine occasions utilizing algorithms, and the nearby binds of players' activities to expected or conceivable outcomes and results.
A critical aspect of economic simulations is the rise of counterfeit systems, gameplay, and structures (Stanfield 2008) I noted business simulations reenact real-world frameworks and are regularly used as a part of the administration, marketing, financial aspects and hospitality training. A few advantages of business simulations are that they allow managers to experience and test themselves in circumstances in real life. They are likewise utilized widely as a part of the expert world to prepare specialists in the monetary commercial enterprises, neighborliness, and administration.
And to study financial models (a relationship of experts, ABSEL, exists for the sole motivation behind advancing their utilization, with a few simulations having in the abundance of 10,000 variables.
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