Business Simulator® for Foundational Financial Acumen
Business Simulator® is a computer-based classroom simulation that challenges users to gain years of business experience by running a simulated company. As CEO of a start-up consumer products business with $500,000 of venture capital, the participant builds and manages a firm over 25 simulated years. Business Simulator® provides participants with a clear understanding of the total business picture, enhancing decision-making skills and enabling participants to recognize the effectiveness of major business decisions at both the strategic and tactical levels.
CEOs of These Start-Ups Will Learn Exceptional Management Skills
During the simulation workshop, participants work singly or together in the role of a management team in charge of a new start-up company. The user enters the world of fierce competition and high finance while gaining essential insights into every phase of a company’s development: start-up, growth, independence, new product development, and expansion into new territories.
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As the company grows, the user makes increasingly complex decisions involving marketing, production, factory capacity planning, research and development, and finance.
Computer-generated financial and market data is provided to participants—on their own company and their competitors’—in the form of annual reports, trade journals and pro-forma financial statements. These help participants analyze their decisions, take corrective actions, and examine their industry stance. On-line tutorial and consulting features explain hundreds of business and financial concepts and help the users define objectives and allocate resources to carry out their business plans.
Simulation Benefits: Experience the Impact of Strategic and Tactical Decisions on Company Operations
Through BTS’s Business Simulator®, participants
- implement different decisions and immediately see the impact of strategic and tactical decisions on company operations
- refine their analytical skills
- practice planning and problem-solving techniques
- evaluate economic forecasts, market share and competitive strategies
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