Evaluation Of The Business Game Simulation

Assessment at the team level considers team communications, dynamics, and ability to reach consensus as meetings. For that matter, the amount of work completed and the cycle time for the entire process are evaluated as part of the assessment exercise. On the other hand, assessment at the individual team member level considers how the individual cooperates with other team members, communicates his or her ideas and opinions, and participates in team activities. In this case, the number of viable ideas that the individual presented is determined, accuracy considered, and turn-around time for completion of a unit of work factored. Thus, I learnt that team analysis can be conducted from the team or individual member perspective. The knowledge I acquired from this module will stand me in good stead with the six-week practice placement when I will be required to work within teams (Peacock 2006).

In the environment today, it is not unusual to see people working in teams to accomplish certain goals and tasks. During our youth, parents and teachers encourage us through various methods to work as part of a team. Whether a sports team, classroom team, or after school activities, parents and teachers and other authority figures start the introduction of working in teams and teaching the value of being able to work together to accomplish a common goal. As people progress through the various stages of their lives, everyone continues to strive to communicate. Communication is a part of everyday life. It may be overlooked in some areas, but when dealing with a team environment, communication is vital. One

My answers were not decisive which reflect my weak critical thinking skill. For example, when it comes to medication administration, in instances where things are not clear, it should always be referred to the doctor which in this case I belatedly remembered. Nurses should also make sure that they knew how to use all the equipment that is used in the nursing care. In a medical emergency situation, every second counts. In the simulation, epinephrine administration was delayed since the nurse did not know how to use the automatic injection. Over-all the simulation had a significant impact to my learning process.

Our engaging simulation allows students to both compete and cooperate with each other in a multiplayer game that is partially physical. Students experiment with different government set-ups and solutions to social and physical issues without real life consequences. Students are incentivised by their own small businesses and own their creations in the game. Shared objectives (Pandemic style) to keep the virtual people healthy and happy are hard to achieve but require teamwork to meet common objectives. Students have an emotional investment in the outcome of their cities and companies, similar to role playing, but the role you are playing is as yourself. Although not on-par with commercial graphics and action we exceed in social engagement, strategy, complexity, and time on task (school time) unlike many games on the market today.

Simulation process was a great way to understand daily challenges of many people in the United States of America. Experiencing the challenges that people are going through in daily life is a helpful way to understand their reasons for making decisions and it also is helpful to understand their feelings regarding the challenges.

How many times did you run through this simulation? What did you learn each time? What were some of the biggest challenges?

Teams are more than just groups of people assembled in the same area, they are a collection of individuals dedicated to a common purpose and with a series of detailed performance targets, working together with complementary skills. Teams of people are encountered in various scenarios, not just in the workplace, but also throughout life, such as sports, associations, charities and voluntary services.

If given the opportunity to re-do the simulation, our top priorities would be to manage the allotted time more efficiently in order to improve decision quality, provide resolution certitude and ensure that each team member is adequately informed and prepared prior to meeting. During the simulation, we were given a finite timeline in which to analyze and input decisions; however, we failed to create a sense of urgency within our group, which encumbered the decision-making process and consequently, led to rushed decisions as time ran out. A team member should have been appointed as a designated timekeeper for time monitoring purposes.

The organization’s business model is laid out in their strategic blueprint for growth. The business model of Scientific Games Corporation focuses on striving for global market leadership, focuses on growing recurring revenue, focuses on upholding and promoting leadership position, creating “must have” products, upgrading and improving business processes, launching transformational innovation, motivating and recognizing talent within the organization, and to promote and champion “One” Scientific Games culture.

The simulation started off with the exact same product for each group--a hologram. From there, groups were able to achieve success or failure and determine the consequences of each action. Although there were many business advisors and “experts” offering advice in the game, it was ultimately up to the group to decide how to divide the money each quarter. This is the concept business management, when the CEO decides on new idea or concept to create a more profitable company. Each company had to have quick reactions to fluctuations in the market in order to stay profitable and not be consumed by the other groups. The oligopoly setting, an industry with a small number of large firms in control of the market, put lots of emphasis on market share and price. One group, Torque Team, was able to seize control of the entire market from the very beginning using a strategy of predatory pricing and created a monopoly within this small group of firms. Predatory pricing or undercutting is a strategy in business where a company drops

The highest priority was building effective and successful team environments along with communication techniques. Excellent communication skills are essential in virtual teams, which is why this should always be a crucial area of personal development for team members (Manktelow, J., 2012). The second instrument in understanding the Capsim simulation strategy was having knowledge of the market growth rate and the key four customer expectations

The customer simulation exercise of Minnesota Micromotors Inc, was a very intriguing one. It exposed me to a variety of moving pieces that enable a successful business performance across different objectives and parameters.

Cesim business simulation encourage players to exercise their occupational and “decision-making” abilities. The Cesim simulation is divided in three major areas. The first one is; the International Business Strategy Game – on this game the players will create and implement plans for their faked organization performing in three international markets. The determining factor of success are the operational and financial aspects. Teamwork among players is another good aspect by this game. It is adaptable to the local business and country.

Our aim- to engage with SimVenture; a business simulation that allowed us to build and sell computers through our virtual company named ‘Genesis’. The formation and running of our virtual company integrated us with new venture creation and about being an entrepreneur. It reinforced concepts previously presented in our course lectures and engaged us in a competitive and volatile business environment. SimVenture ran for three virtual years with five members on its team- each with a different role in the company.

During the business simulation course, we organised a team to become an automotive start-up company and introduced four new products, vehicle models, to satisfy the investors who invested us £500M. Each 4 rounds, we had entered board room to report our initial result and upcoming plans.