Business Management Simulation exposes participants to real economic, environmental and business issues related to finance, operations and marketing. Participants are empowered to develop strategy, execute tactics and analyze competitors. They go through the pains and gains of running a company in a hypothetical environment and see the impact of their decisions on business in the process develop business acumen.
The concept stands for 'Learning by Doing', a pure experiential mode. Like a flight or plant simulator, a participant here is better geared up towards making smarter decisions under stressful circumstances, managing time and resources. Participants adopt entrepreneurial approach that hones visioning, functional coordination and strategic thinking to implement/revise course of action and experience a transition from a functional leader to a strategy specialist at all levels.
Chanakya, a Business Management Tool designed as computer simulation, simulates scenarios that replicate the emerging markets. Business Simulators are recognized as the fastest and most effective environments for learning. It challenges the participants on the following:
The simulator can be used for the following: