Vol. 1, No. 1, Spring 2005
| Hello and welcome to the inaugural issue of the Marketplace Community Newsletter! The purpose of the newsletter is to provide progressive educators and business professionals with valuable information and materials that enhance the utility of the online learning tools, competitions, and business simulations that are our specialty. We intend (with your input) to make the Marketplace Community Newsletter a clearinghouse for news, knowledge, advice, data, and methods to make business and marketing skills easier to teach and more fun to learn.
In this issue you will find information on
New Simulation Modules Premiering the Latest Additions to Marketplace’s Family of Business Simulations Strategy and Business Policy, International Corporate Management with Strategic Planning, and International Corporate Management with Outsourcing are debuting as beta-test games in January 2005. The first two simulations place a heavy emphasis on formal strategic planning. What instructors should find exciting about these games is that the strategic planning process is built into the software, which compels students to perform strategic analysis, strategy specification, and tactical execution and control in order to succeed in the game. Adding outsourcing to the International Corporate Management game arguably makes it the most advanced business simulation exercise in the world. Already the simulation requires that participants develop expertise in all phases of a global enterprise. Having the option of outsourcing manufacturing operations to one another obliges student teams to enter into extensive and complex negotiations to achieve the desired level of supply-chain coordination. Thus, students’ skills in deliberation, cooperation, and collaboration are thoroughly tested. Get
the full scoop on all the latest simulation modules
Upcoming Marketplace Competitions and Seminars What Is the Marketplace Global Competition? Could your students, managers, or coworkers start up a company and take it all the way to the top of the market? The teams who participate in the next Marketplace Global Competition will be out to prove they can! In the competition, instructors and managers lead student and corporate teams as well as other players from around the world in on-line competition for top honors in our Advanced Strategic Marketing and Strategic Corporate Management simulations. Winning teams are inducted into the Marketplace Simulation Hall of Fame. Open only to those who have not previously participated in a Marketplace Simulation, the global competition is a fun way for participants to get the feel for running a full-blown business. Registration for the fall global competition starts September 7 and the game gets underway September 28, 2005. Read
the full article on the global competition Summoning Challengers to the Next International Competition for Experienced Players If your students just can’t get enough of Marketplace’s simulations (and, really, who can?), sign them up now for the next Marketplace International Competition for Experienced Players. Your best players can measure their business know-how against other seasoned players and have their names immortalized in the Marketplace Simulation Hall of Fame! Registration for the fall international competition opens September 7 and the competition begins September 28, 2005. Find
out the details on the experienced players competition Report on the Fall 2004 Train-the-Trainers Seminar On October 10-12, 2004, a group of market-savvy, progressive educators and business professionals came together at ILS’s headquarters in Knoxville, Tennessee, to run through an intensive version of the Strategy and Business Policy simulation, learn more of the game pedagogy, share ideas on business development, and just have some fun. Get
the full report on the latest TTT seminar Contact
Jeanine Schmierbach to reserve a seat in the spring TTT seminar
Improvements to the Instructor/Game Design Site
To make creating and managing the simulations easier and more intuitive, we’ve improved the instructor/game sites in several ways. From integrating the game monitoring and game design sites to reorganizing the game monitoring system and adding a selection of research tools, we’ve redesigned with your efficiency in mind. Get
the lowdown on all the web site improvements
Best Teaching Practices
We hope you’re willing to help us fill this spot, because we want everyone to share their tips, tricks, ideas, and, as the title says, best practices, for teaching business and marketing skills using Marketplace Business Simulations. The Diversity Game Al Hawkins of Rockhurst University describes a team-building exercise designed to balance the talents and personalities on your teams. Venture Capital Fair In a business simulation, the Venture Capital Fair tasks student teams to fully flesh out business plans and then polish their presentation skills. Why? Because a group of outside investors will be visiting the classroom, and each team must be ready to persuade at least one of these capitalists to fund their company’s expansion. Scott McNutt of ILS reports on this method of energizing and focusing student teams’ efforts in business simulations, created by Dr. Ernest Cadotte, developer of the Marketplace.
Announcements, Reminders, and Updates Upcoming In future issues of the Marketplace Community Newsletter, look for articles on: Our on-line simulation library Future simulations, such as the Supply Chain Game and the Intro to Business Game Interviews with pioneers in business simulations More best teaching practices End Notes Have ideas or opinions for the Marketplace Community Newsletter? We’d love to hear from you!
We do not share or sell subscribers information. (Terms and conditions)
Marketplace Community Newsletter, issued quarterly. Copyright
© 2005 Innovative Learning Solutions. All rights reserved. |
New
Simulation Modules
back
to top