Also referred to as business simulation games, management simulations, or business games, the use of business simulations covers both professional and academic settings but both for the same educational purpose. But, what are they exactly?
Business simulations are educational tools where participants manage a fictitious company, either in teams or individually, and make strategic decisions to improve company performance, often competing for points in a series of rounds against fellow participants.
They're a popular pedagogical approach to embed experiential learning and improve staff/student engagement. When business simulations are used effectively they trigger intrinsic motivation which results in:
“I see Edumundo as partners of the learning service rather than a supplier. Service has always been prompt, helpful and courteous. Staff have advised us based on the modules we run and the type of students enrolled.”