Business Simulation (MGMT 511)

2021 Spring
School of Management
Berkay Karde┼č,
Doctoral, Master
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The objective of this 30-hour, one-week, intensive activity is to provide an opportunity for the participants to integrate their knowledge of the various management functions through a computer-based simulation environment. The participants, in teams of four to five, make sequential decisions at the beginning of each period over a certain time horizon and report, at the end each period, how their decisions affect the performance of their respective companies. (Measured in terms of market share, profitability and key financial ratios).


Upon successful completion of the course, the student should be able to:
1. Develop a level of comfort with the complexity of running a successful business.
2. Identify and assess individual/team skills and influence performance accordingly.
3. Distinguish between decision-making methods that succeed or fail.
4. Measure and explain the level of success in a business function.
5. Analyze business data for a business function, make inferences and be accountable
6. Determine own capabilities in the diagnosis of business problems
7. Develop awareness of own risk preferences and response to team dynamics