Extended Strategic Corporate Management
As the name suggests, this business simulation is the extended version of the Strategic Corporate Managementsimulation. You can set it up to run for 9 to 12 decision rounds or quarters. The decision content is identical to the Strategic Corporate Management simulation, but certain operating expenses are higher to extend the start up phase of the business and to keep the exercise challenging over a longer period of time
The R&D projects to develop new technologies are also more expensive and more spread out throughout the business simulation exercise. The decision whether to use this business game or its shorter counterpart is usually based on how many decision rounds are desired in order to fit the format of the course.
This business simulation provides the participant with a profound understanding of the entire business enterprise in the global market environment. The simulation challenges students to make tough decisions in:
- Advanced Marketing
- Advanced Manufacturing
- Quality Control
- Human Resource Management
- Business Partner Negotiations
- Financial Analysis
In the Extended Strategic Corporate Management simulation, your students are provided with the seed capital to start up their business. They build a factory, open up distribution channels, design brands, as well as advertising and web marketing campaigns. They hire workers and decide on the compensation packages, deal with demand projections, production scheduling and quality control issues. After the first simulated year in business, your students’ firms can receive additional funding from the Venture Capitalists. They can invest this money in new R&D, bring out improved products, expand their distribution and production capacity in order to maximize their performance in the second and third year of business.
Integrative business courses.
9 to 12 decision rounds, with each round taking 3½ to 4 hours per student.
Grading is based on the balanced scorecard that measures profitability, customer satisfaction, market share in the targeted market segments, asset management, financial risk, manufacturing productivity, human resource management, preparedness for the future and wealth.
Your students can compete against their peers.