Business Simulation

Strategy and Business Policy places a heavy emphasis on formal strategic planning. What differentiates this from other strategy simulations is that the strategic planning process is built into the software. A strategic planning template is interwoven throughout the simulation. It follows the OST (objective-strategy-tactics) format and forces the students to explicitly perform strategic analysis, strategy specification, tactical execution, and real-time control. The goal is to cultivate the OST mental discipline within each student. The Strategy and Business Policy simulation is targeted towards the capstone course in business or a course with a heavy strategy component. The students work within a multifunctional business setting where they start up and manage a new venture for six decision periods (a decision period is the simulation equivalent of a real-world business quarter). They are responsible for managing the business' marketing, sales channel, human resource, manufacturing, and financial activities. Each decision period takes about 2 to 2 hours to complete. Strategy is not something students can just do in the initial phases of the business and then forget about it. It takes continuous monitoring and adjustment. The strategic planning component requires a very hands-on effort that teaches students to be aware of their strategy. Because the strategic planning template is used every quarter in this simulation, students get to see how their plans build from one quarter to the next. This cyclic process aids students in retaining both the concepts and the methods of strategic planning. Students can play against their peers (now available in beta version). Grading is based on the balanced scorecard that measures profitability, customer satisfaction, market share in the targeted market segments, human resource management, asset management, financial risk, preparedness for the future and wealth.

Teach students in a fun and engaging way,thus increasing the quality of learning.

The Capstone is deliverable in online, on-site and hybrid formats. You are required to be part of a team to play out Capstone Simulation. Each Team owns a business of its own. You have a choice, however, to be a team by yourself i.e. you would run the entire business as CEO! Each team would own a business of its own and run that business for the next eight virtual financial years competing with other teams. Each virtual financial year is equal to one round. You could complete eight rounds in eight weeks i.e. one round a week or eight rounds in eight days or in eight months. What is important is that the team members are required to be at one location, preferably, so that they have the benefit of learning that takes place through brainstorming sessions while making business decisions round after round. As team member, you are required to come together for about 3hrs for each round, i.e. about 25hrs, over the entire duration of Simulation. Each team member is recommended to be responsible for one different function (R&D, Marketing, Production, HR, TQM and Finance) round after round to get a rounded grasp of running a business. Further, each Team member is recommended to manage one market segment (Traditional, Low, High, Performance and Size) round after round. It is also recommended that each Team member take up the role of Competitive Intelligence Officer at least in one round. As corporate managers, you could form a team by including other managers from either within your organization or from other organizations. As corporate training managers, you could form a team of managers from within your organization, preferably managers coming from different function areas. You may also want to organize a competition round among Teams coming from different locations within your organization. As students (MBA or any other business discipline), you could form a team by inviting other students. You may also want to compete with business students coming from other As business school faculty, you could put your students together in different teams and see which of them have really learnt how to run a business.

Does your company have a tight budget? Diversified customer demographics? Is your company dealing with tough competitors? The solution is Management Simulations. They are based on real-life management problems that will help your employees apply their conceptual knowledge with a game-based learning approach. Tridat utilises what-if scenarios that offer learners the freedom to explore, experiment and make decisions. We offer immersive management simulations that make even dry subjects engaging. If your company wants to zero in on key concepts for highly focused and impactful experiential learning, do write to us or give us a call.

In this Faculty Development Program, participants develop a deep understanding of the whole process gain valuable functional skills required to incorporate interactive learning techniques business simulations into their respective curriculums. Participants will experience internationally recognized simulations adopted in top institutions and corporate training programs across the globe. This program owing to its interactive nature leads to appreciation of experiential learning methodologies. Faculty roles in teaching are shifting from knowledge gatekeepers to knowledge facilitators . - Rutherford and Grana (1995) Key Learning Objectives Learn application of experiential simulation technique with your existing teaching methods. Gain skills for sharing functional simulation knowledge with internal external faculties/corporate. Prepare your trainees for real world challenges by exposing them to diverse and uncertain scenarios. Provide a platform in your classroom for in-depth concepts testing. Act as catalysts in fostering team work and team building skills. Learn to deliver a real-time feedback mechanism in the classrooms. Develop as a mentor and facilitator instead of simply an instructor. Duration 2 Days Participants 15 - 30 Methodology Who should attend?

The purpose of any simulation is to let you experiment with reality without ruining your business. Our business simulations are not just games; they are self-contained learning experiences that recreate real workplace or operational environments, and give your people the opportunity to test new skills and knowledge and make mistakes in a fun, safe environment. Siksha partners with Celemi International, Sweden since 2011, as a certified country representative to offer their innovative Board Based Business Simulation learning solutions in India. Celemi's ready-made business simulations and custom solutions recreate corporate challenges and situations so people have a chance to test skills and explore new concepts in a realistic, relaxed, hands-on environment. Every Celemi solution is based on their core methodology The Power of Learning to engage, captivate and motivate people so they learn new information quickly and put this knowledge into practice immediately. With 25 years of experience, an impressive client list and more than 3.4 million participants in 70 countries, Celemi s methodology and solutions, combined with the Indian experience and expertise of SIKSHA consultants translates to enhanced business results for any organization - no matter size or industry. Here s a list of ready-made business simulations for immediate roll-out.

Business Simulations are flexible in their integration, from complimenting an existing course structure, through to being the central feature of a course, or even as an exciting way to end your course.Business Simulation have been integrated into a variety of courses ranging from those at an undergraduate level such as Introduction to Business, Principles of Marketing and Advertising, through to Business Strategy/Capstone, General Business, Management Accounting, Organizational Behavior, MBA and Certification Courses for Professional Institutions.

BUSINESS SIMULATION

The Cloud Challenge business simulation is an online, single player serious game. During the 4 hour game, players will experience the business changes caused by cloud computing and virtualization. Players will interact with business partners and stakeholders from IT and other departments, and will make strategic choices on cloud computing techniques that have an impact throughout the business. The game consists of multiple scenarios, each focusing on different topics from the cloud computing and virtualization elearning courses. Course medium: Online Delivered By (Company): ITpreneurs Resource Required: Internet, Email, Headphones Enroll date: Any time Course Validity: 3 months Support: Multimedia content and assessment PDUs: 4 Course Benefits: At the end of this course, participants will be able to: Understand the relationships and differences between virtualization and cloud computing. Comprehend the characteristics of clouds and cloud services from a business perspective. Demonstrate how the characteristics of cloud computing and virtualization lead to business value. Explain the steps that lead to the successful adoption of cloud computing and virtualization services. Identify the organizational capabilities that are relevant for realizing cloud benefits. Understand the impact and changes of cloud computing on IT service management. Explain and identify the issues associated with integrating cloud computing into an organization s existing compliance risk and regulatory framework. Comprehend how to maintain strategic flexibility.

Employable, Industry Ready Students, Real-World Preparation through Simulation By testing and assessing business acumen and knowledge in a competitive environment, participants are better prepared for real-world business situations. Capstone Business Simulation program is a certificate program and can be compared to an Internship in a Fortune 500 Company, thereby increasing the Market Value of Students . Time Management, Change Management, Communication Skills, Leadership Skills, Stress Management, Team Building, Role Efficiency and Business Etiquette are some of the By-products of our sessions

Business Simulation Programs

Business Today International has developed a wide range of Board Based Simulations which are utilized world-wide as innovative vehicles for providing managers with working knowledge of business and finance. These simulations have been used at various levels within companies in many different industries, and have played a major role in changing peoples attitudes towards their companies' business and financial performance. Established in 1981, and headquartered in South Africa, Business Today International has over 30 International Business Partners across the world. Rubicon Learning Systems is Business Today s business partner in India for their customized, simulation based, business skills training products. Out of over 120 business simulations across many industries, Rubicon offers the following 3 simulations: Managing Manufacturing Business Today (MBT)Finance of Sales Today (FST)Professional Services Today (PST)

Business Case Simulations

Experiential learning forms the basis of Business Simulations. Experiential learning is a key driver of everything we do, and is a distinct point of difference in the marketplace. Experiential learning fosters an environment of accelerated learning through self-discovery and participation. All Business Simulations enable people to make permanent, effective changes in behaviour by understanding the wide range of consequences of their choices and accepting responsibility for them. Powerful learning emerges in debrief when the participant s experiences are linked to their real-world situations. People see, understand and experience how their own behavior can change to significantly and positively impact their performance back on their job.

Before setting foot in the real world, pilots, military personnel and disaster response teams use intense simulations to learn how to respond to high-intensity challenges. Why do we place corporate leaders and their teams in situations without first giving them a chance to try things out? The risks are huge, new strategy investments extremely costly. BTS offers a better way of improving performance: business simulations and discovery learning programs.

Management Simulation

Business Simulations Leads to effective transfer of learning

Business Simulation Service

Business Simulation

business simulation

Capstone Programs

Business Simulation

Capstone Business Simulation Games Program

Business Simulations

Business Simulations

Business Simulations Solutions

Business Simulations

Capston Business Simulation