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  • 1.  Summary: business simulations

    Posted 01-14-2018 16:37
    hi all, 

    below is a quick summary of the responses I received regarding business simulations. I particularly focused on simulations that were mentioned multiple times. 

    For reference, I asked for the following four criteria: 

    (1) allows students to deliberate and make basic strategic decisions (for example on pricing, capacity investments, product development etc). 

    (2) allows teams of students to compete against each other

    (3) allows the teacher to set parameters of the simulation (like demand elasticities or cost changes for workers or capital used etc)

    (4) allows the teacher to extract the data from simulation runs to present and analyze with the students. 

    These most frequently mentioned simulations included: 

    • parameters are related to real-world industries
    •  allows the teacher to set parameters of the simulation 
    •  extract the data from simulation runs to present and analyze with students

    2. Marketplace simulation
    •  meets all four criteria, additionally can use "computer algorithm competitors"

    3. StratSim
    • allows limited influence on parameters (point 3)

    Other simulations that were mentioned are:

    - meets 1,2 and 4 (reporting and debrief) for some simulations


    5. Game Lab simulations (d.ortiz@gamelabeducation.com)

    6. Harvard Business School Publishing Wintel Simulation (focused on coopetition between Microsoft and Intel)





    11. A number of simulations are found here:  https://mitsloan.mit.edu/LearningEdge/simulations/Pages/Overview.aspx

    - meets criteria 1,2,4, but not 3


  • 2.  Summary: business simulations

    Posted 01-23-2018 13:53
    hi all, 

    below is an updated summary of the responses I got when asking for business simulations. 

    Thank you to everybody to pointed out some simulations that were missing in my first summary!

    For reference, I asked for the following four criteria: 

    (1) allows students to deliberate and make basic strategic decisions (for example on pricing, capacity investments, product development etc). 

    (2) allows teams of students to compete against each other

    (3) allows the teacher to set parameters of the simulation (like demand elasticities or cost changes for workers or capital used etc)

    (4) allows the teacher to extract the data from simulation runs to present and analyze with the students. 

    These most frequently mentioned simulations included: 

    parameters are related to real-world industries
     allows the teacher to set parameters of the simulation 
     extract the data from simulation runs to present and analyze with students

    2. Marketplace simulation
     meets all four criteria, additionally can use "computer algorithm competitors"

    3. StratSim
    allows limited influence on parameters (point 3)

    4. GlobStrat (www.globstrat.com)
    meets all four criteria and: offers cooperative strategies in advanced versions (e.g. alliance formations)


    Other simulations that were mentioned are:

    - meets 1,2 and 4 (reporting and debrief) for some simulations

    6. Game Lab simulations (d.ortiz@gamelabeducation.com)

    7. Harvard Business School Publishing Wintel Simulation (focused on coopetition between Microsoft and Intel)





    12. A number of simulations are found here:  https://mitsloan.mit.edu/LearningEdge/simulations/Pages/Overview.aspx

    - meets criteria 1,2,4, but not 3

    14. Win-Firme: French simulation but software can be used in English ( www.winfirme.com) 

    On Sun, Jan 14, 2018 at 1:37 PM, Mu-Jeung Yang <mujeung.yang@googlemail.com> wrote:
    hi all, 

    below is a quick summary of the responses I received regarding business simulations. I particularly focused on simulations that were mentioned multiple times. 

    For reference, I asked for the following four criteria: 

    (1) allows students to deliberate and make basic strategic decisions (for example on pricing, capacity investments, product development etc). 

    (2) allows teams of students to compete against each other

    (3) allows the teacher to set parameters of the simulation (like demand elasticities or cost changes for workers or capital used etc)

    (4) allows the teacher to extract the data from simulation runs to present and analyze with the students. 

    These most frequently mentioned simulations included: 

    • parameters are related to real-world industries
    •  allows the teacher to set parameters of the simulation 
    •  extract the data from simulation runs to present and analyze with students

    2. Marketplace simulation
    •  meets all four criteria, additionally can use "computer algorithm competitors"

    3. StratSim
    • allows limited influence on parameters (point 3)

    Other simulations that were mentioned are:

    - meets 1,2 and 4 (reporting and debrief) for some simulations


    5. Game Lab simulations (d.ortiz@gamelabeducation.com)

    6. Harvard Business School Publishing Wintel Simulation (focused on coopetition between Microsoft and Intel)





    11. A number of simulations are found here:  https://mitsloan.mit.edu/LearningEdge/simulations/Pages/Overview.aspx

    - meets criteria 1,2,4, but not 3