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International Corporate Management simulationTarget courses: The International Corporate Management simulation is designed for the integrative business courses. It provides the participant with a profound understanding of the global business enterprise in the international market environment. Content: The decision content includes marketing, product development, traditional and web sales channel, human resource management, financial analysis, accounting, manufacturing and quality management. The participants also deal with changes in the economic and political situation, which are reflected in shifting demand, exchange rates and tariffs between regions. Time frame: The game can be set from 8 to 12 decision rounds, each taking 4 to 4 1/2 hours to complete.
More details: As the executive team, the students are provided with the seed capital (investment money) to start up their business. They can use this money to build a factory, open sales offices, and design brands. They will invest 1,000,000 in each of the first four quarters. An additional 5,000,000 will become available in quarter 5 from venture capitalists, for a total of 9,000,000. The executive team has the next 2 to 3 years (8 to 12 quarters or decision periods) to get the company off the ground. Within this time frame, they should become a self-sufficient firm, earning substantial profits from their operations. The web based exercise challenges students to make tough decisions in Accounting, Finance, Advanced Marketing, Advanced Manufacturing, Quality Control, Human Resource Management, e-Commerce, Business Partner Negotiations and Financial Analysis. The market in the game is competitive and fast-paced, the customers are demanding and the competition is working hard to increase market share. The changes in economic and political situation play themselves out in the exchange rates and tariffs between regions. These changes affect the attractiveness and cost of business in different markets. Participants use the Industry newsletter to follow the trends in the international relationships and economic conditions and to project how these trends will affect future business. Students play against peers. The grading is based on the balanced scorecard that measures profitability, customer satisfaction, market share in the targeted market segments, asset management, manufacturing productivity, human resource management, preparedness for the future and wealth.
Note: Full set of instructor materials is available for registered Instructors.
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