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For example, if you identify you had low sales due to your limited market share, you can develop a marketing strategy to attract a higher population of your target market to get better results in the next year. Improved Planning for Business Operations: When operating in a competitive business environment, you have to be strategic and develop highly-effective plans. As the manager, you will face stiff competition from other class members to gain a larger market share and improve your company’s image rating and sales.
In essence, these simulations allow students to learn how to manage a company while on the job but without any real-life effects to an actual business. That being said, it is clear that the Business Strategy Games are an important tool for any student to use. Despite this, it is easy to lose sight of of the importance of BSG since the simulations may appear to be mere games but when one digs deeper, they uncover the numerous benefits presented by this program.
Integrates Learning from Functional Areas: Besides helping you master new knowledge, the Business Strategy Game focuses on the relevant business areas. It draws core elements of functional company performance, including finance, accounting, marketing, and strategy. This way, you’re able to deal with real business issues, for instance, developing marketing techniques for your company’s products in the marketing department. You’re also able to develop a low-cost strategy to boost your company’s profits in the finance areas. See even more information on https://bsggame.com/.
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