Impact of Business Enterprise Simulation to Students Who Aspire to be in the

Business Industry

Buan, Adrian

Capulong, Lance

Caisip, Jhannelle

Dulay, Nicole Jean

Quito, Joyce Ann

2023
 Chapter 1

THE PROBLEM AND ITS BACKGROUND

Introduction

Students are encouraged to pursue one of three paths after graduation: work,

furthering one's education, or starting one's own business by equipping students with the

necessary skills and knowledge to launch and manage businesses, entrepreneurship

education should foster entrepreneurial mindsets and goals. Senior high schools were

established by the Department of Education to prepare secondary students for

employment, entrepreneurship, and further education (Amper, 2022).

Business Enterprise Simulation is a core subject of Grade 12 Accountancy

Business and Management (ABM) strand. Business Enterprise Simulation crystallizes the

fundamental ideas and procedures of accounting, business, and management by

incorporating all the learning outcomes from various ABM courses. It contains practical

exercises that teach students how to follow the business cycle, such as finding business,

putting it into operation, controlling it, winding it down, and providing pertinent

management reporting in the context of moral principles and the corresponding social

responsibility (Cuaresma, n.d).

Additionally, Business Enterprise Simulation is an interactive learning experience

in which participants develop their individual industry-related skills while experiencing

real-world business simulation and systems. Most people who take these classes are just

starting out in their careers and want to improve their professional development.

Participants can enhance their conceptual understanding and put their comprehension of
practical information to the test rather than focusing on theoretical business concepts.

Participants are encouraged to increase their engagement with a course by experiencing

situations that might occur in their current or future jobs by participating in business

simulations, which replicate market factors and conditions that occur in the real world.

Individuals who complete a business reproduction might foster different abilities (indeed,

2023).

Educators from all over the world have always wanted to experiment with novel

pedagogical approaches, teaching strategies, and technology. Educators have also begun

to use simulators to better prepare students with the advent of digital technology.

Simulators allow students to experiment and experience the real-world workplace in a

controlled setting before entering the real world. According to Thanasi-Boce (2020) of

Kuwait, students can learn entrepreneurial skills and be encouraged to participate in

entrepreneurial activities by learning entrepreneurial skills in a simulation setting. As a

result of the simulation experience, students were able to face challenges, overcome

limitations, enhance their analytical abilities, and broaden their business knowledge.

Likewise, according to Zulfiqar et al. (2018) from China, understudies must

develop their skills and aptitudes if they want to thrive in business. While in Africa,

Betáková et al. (2020) claimed that a strong educational system may foster

entrepreneurial attitudes and help launch new enterprises. Many institutions are

emphasizing entrepreneurship education in their courses to entice students to choose

entrepreneurship as a feasible career path. Unfortunately, a number of research have

indicated that students' opinions of the value of entrepreneurship education may be one

way in which entrepreneurship education serves as a motivator. These studies have

demonstrated that college students are ill-equipped to capitalize on business possibilities

and have no immediate plans to launch a company.

In addition, according to the findings of Yan (2018), personality traits and college

students' plans to become entrepreneurs in the long run are strongly linked. Sustainable

entrepreneurship has the potential to benefit both the economy and the environment at the

same time. For improving college students' long-term entrepreneurial intentions and

promoting long-term economic, social, and environmental development, a correct

understanding of the relationship between personality traits and long-term entrepreneurial

intentions, as well as the mediating role of entrepreneurial alertness and opportunity

recognition in this relationship is essential.

In the Philippines, the Curriculum Guide for Business Enterprise Simulation from

the Department of Education incorporates all of the fundamental concepts and procedures

of accounting, business, and management (ABM) as they are utilized in practical business

activities that follow the business cycle. These activities include finding business

opportunities, creating products and services, organizing a company, putting controls in

place, winding down operations, and providing pertinent management reporting in the

context of morality and social responsibility. A business uses technology as needed.

Additionally, an entrepreneur's skills are built on research skills, strategic skills,

marketing skills, operating skills, and financial skills. For starting and running a business,

this combination is essential (Pespeñan, 2023).

The business enterprise simulations can benefit students who want to work in the

field of business. Business enterprise simulations can prepare students for success in their

future occupations by fostering collaboration and teamwork, improving real-world

business skills, stimulating critical thinking and problem-solving, creating a safe learning

environment, and boosting confidence.

On the other hand, the academic strand of Accountancy Business and

Management (ABM) begins in the 2021–2022 school year at Caluluan National High

School. In CNHS, the pioneers of ABM were the first to engage in work immersion

through the Business Enterprise Simulation. The objective of this fundamental subject is

to prepare students for careers in the business sector in the future.

In this study, the researchers want to know the impact of the core subject Business

Enterprise Simulation to Grade 12 ABM students of CNHS who wants to be businessmen

in the future.

Statement of the Problem

The researchers want to know the impact of taking Business Enterprise

Simulation core subject to Grade 12 ABM students who aspire to be in the business

industry. The following are the questions that need to be answered in order to get the goal

or the purpose of the study.

1. What are the advantages of having Business Enterprise Simulation on Grade 12 ABM

students who aspire to be in the business industry?

2.What is the impact of Business Enterprise Simulation to Grade 12 ABM students who

are interested in business?

3.How Grade 12 ABM students will benefit to Business Enterprise Simulation?

Scope and Delimitation

This study covers the impact of Business Enterprise Simulation to the students

who aspire to be in the business industry. The methodology or approached used in this

study is qualitative. This study will also concentrate on the advantages that grade 12

ABM students gain from the business enterprise simulation experience that they might

use in their preferred college course.

The participants or the subject of this study will be the Grade 12 ABM students

who are planning to be in the business industry someday. They are the one who are

interested in business and who will benefit greatly from what they have experienced in

the business enterprise simulation and can apply it to their chosen college course.

Significance of the Study

The findings of this study will be useful to the following entities:

Grade 12 ABM Student. Business Enterprise Simulation is an essential tool for

ABM students, providing them with practical experience, enhancing their skills, and

preparing them for success in the business world. It is a valuable complement to

traditional classroom learning and is highly recommended for ABM students who want to

maximize their potential.

Researchers. Business Enterprise Simulation can be a valuable tool for research

students who are interested in pursuing careers in business or entrepreneurship. It

provides them with a practical, risk-free learning experience that can help them develop

the skills and knowledge they need to succeed in the business world.
 Teachers of Business Enterprise Simulation. Business Enterprise Simulations

can be highly valuable for teachers, providing them with a practical and engaging way to

teach key business concepts and strategies to their students, while also helping to foster

critical thinking, teamwork, and collaboration skills.

Grade 11 ABM Students. This study will benefit to the Grade 11 ABM Students

by giving them an idea of what is the Business Enterprise Simulation. In addition,

Business Enterprise Simulations can provide Grade 11 ABM students with valuable skills

and knowledge that can prepare them for a career in the business world.

Other Researchers. Business Enterprise Simulation can have a significant impact

on other researchers, by advancing research, facilitating collaboration, and leading to the

development of new theories and technologies.

Definition of Terms

This glossary is meant to help you comprehend terminology and ideas that are

often used while -rategy, improve their business acumen and business finance skills, and

ultimately improve your bottom line (Celemi,2022). The word Business Enterprise

Simulation in our study defined as the core subject of Grade 12 ABM students.

Businessmen. Businessmen it refers to a man who works in business, especially

one who has a high position in a company (Cambridge Dictionary). In our study, this

word refers to the dream of the Grade 12 ABM students.

Educators. A person or thing that educates, especially a teacher, principal, or

other person involved in planning or directing education (Dictionary). In this study, the
word Educators are the one who provide guidance and help students develop knowledge,

skills, and competencies to succeed in their dream profession.

Experience. It refers to the process of getting knowledge or skill from doing,

seeing, or feeling things (Cambridge Dictionary). This word will be the basis of our study

if the Grade 12 ABM students will benefit on having a Business Enterprise Simulation.

Strategic Skills. Strategic skills are abilities you can develop to help you think

strategically and innovatively. These skills can help you adapt depending on the situation

you're facing (indeed). The meaning if this word in our study is, something you can

develop in experiencing Business Enterprise Simulation.

 Chapter 2

REVIEW OF RELATED LITERATURE AND STUDIES

The following journal papers and resources—both international and local—serve

as a base for supporting the assertion of the current study. The resources were gathered by

the researchers from online publications. The following summary research papers and

studies were used to further the current study:

Related Literature

According to What is a Business Simulation? 7 Types and Benefits, 2023, a

business simulation is an interactive learning experience in which participants develop

their individual industry-related skills while experiencing real-world business situations

and systems. Most people who take these classes are just starting out in their careers and

want to improve their professional development. Participants can enhance their

conceptual understanding and put their comprehension of practical information to the test

rather than focusing on theoretical business concepts.

In addition, Business Enterprise Simulation is a teaching method that simulates a

business environment for students to learn about various aspects of running a business.

The center subjects of a business undertaking reenactment change contingent upon the

particular program or course, yet regularly incorporate business methodology and

arranging, showcasing and deals, monetary administration, tasks the board, and human

asset the executives. The objective of a business undertaking reenactment is to furnish

understudies with a sensible and commonsense growth opportunity that sets them up for

professions in business and business.

 In Business Enterprise Simulation, there are a lot of skills that you can enhance,

according to Knowledge Matters, business simulations teach hard and soft skills tailored

to their individual real-life counterparts. They fall into three categories: Executive

Simulations, Departmental Simulations, and Concept Simulations. Different business

simulations are tailored to address the challenges unique to each role. Along with the hard

skills that business simulations teach, students learn a variety of soft skills such as critical

thinking, decision-making, teamwork, communication, and self-motivated learning. Post-

graduation, students can draw on these skills to enter the job market several strides ahead

of the rest.

Furthermore, in this core subject you can enhance a lot of skills that you can use

in business someday. The skills that you can enhance in this core subject are the thinking

outside the box or the critical thinking. You can be more productive in life and also you

can enhance you decision-making skills.

On the other hand, according to What is a Business Simulation? 7 Types and

Benefits, 2023, there are a lot of advantages you can gain in having a Business Enterprise

Simulation. Business simulations provide several advantages, including the ability to

reduce risk, promote hands-on learning, and keep participants interested. They may foster

experiential learning, establish a risk-free atmosphere, and leave a lasting effect on

participants. Participants who learn through experiential learning tend to retain the

material better than those who study through more conventional classroom approaches.

To keep participants interested and help them learn from their choices, business

simulations provide them with feedback from their teacher or supervisor. They replicate

actual situations, promote cooperation and teamwork, boost learning effectiveness, and
give an understanding of how an organization runs. This enables participants to get a

deeper understanding of ideas and methods in a short amount of time, which is

advantageous to both them and their companies.

Business enterprise simulation is a core subject that is important for several

reasons: realistic experience, critical thinking, collaboration, risk management, and

financial management. It provides students with a realistic experience of running a

business, allowing them to develop practical skills and knowledge that can be applied in

real-world situations. Critical thinking helps students develop problem-solving skills,

collaboration helps students develop collaboration and communication skills, risk

management helps students learn about risk management, and financial management

helps students learn about budgeting, forecasting, and financial analysis. These skills are

essential for any business owner or manager.

Additionally, according to Stratx Simulation, 2023, business simulations offer

students and participants the immediate opportunity to learn skills as if they were actually

positioned in a company. This is incredibly effective and is proven to quickly alter

attitudes and behaviors. They teach students to operate well under pressure and time

constraints, and teamwork skills, such as resolving conflict, considering differences of

opinion, and listening to alternative perspectives. The introduction of competition creates

another level of learning engagement that creates even better results. Professor Lewis

Lim, Nanyang Business School, has seen an amazing transformation in his students into

highly analytical, confident, and finance-savvy marketing decision-makers.

Lastly, Business Enterprise Simulation helps the students who wants to be in the

business industry by enhancing the skills of the students. The skills that the students that
they can develop are the, critical-thinking skills, teamwork skills etc. By enhancing the

skills of the students, the students will not have difficulty in actual business.

Related Studies

Foreign

According to Isoraite, 2020, this paper presents the results of a survey to students

of Business Simulation I course of the Accounting and Administration graduation at Porto

Accounting and Business School - Polytechnic of Porto from the first semester of the

academic year 2018/19. The evidence collected showed that students consider the

business simulation environment as an education methodology fundamental for their

preparation for the job market, even those with previous professional experience.

Business Simulation courses have a very hands-on approach, enabling students to put in

practice some of the theoretical concepts they learn in other courses. During these

courses, students perform diversified and complex activities, which are in line that what

is done in real-world businesses. A great majority of students prefer Business Simulation

courses instead of the internship in a real company that is compulsory for accessing to the

accountant profession. Simulated companies are from different market areas and a group

of 3 or 4 students are supposed to manage them according to some previous planned

activities prepared by teachers.

Both studies have similarities to each other. The first similarity that the researcher

notice is that, they both about Business Enterprise Simulation. And their respondents or

subject are also the same which are the Grade 12 ABM students. On the other hand,

despite of the similarities of the two studies they also have differences to each other, the
first differences that the researcher found is that, the method use in the study of Isoraite is

quantitative which they are using survey to gather data. While in the current study, the

method they used is qualitative which means the researcher will interview the subject to

get the outcome to their study. Lastly, the researcher also noticed that both studies have

different purpose, the study of Isoraite its purpose is to investigate the conditions and

potentials for entrepreneurship education among students taking part in the operations of

business simulation businesses in Lithuanian higher education institutions. While the

current study, its goal is to know the impact of Business Enterprise Simulation to the

students who wants to be a businessman someday.

According to the study of Guizairy, 2018, a business plan is a crucial document

for businesses to use as a management tool. Business plans can help entrepreneurs

strategize their companies and control future expansion. The Malaysian government has

encouraged all higher education providers to make entrepreneurship education a required

subject because of this. The ability to draft an effective business plan is one of the

learning outcomes of entrepreneurship education. This study employed a business plan

simulation to focus on improving students' understanding of entrepreneurship. This study

also takes into account the elements that make it easiest for students to create successful

company plans during their business simulations. This study's methodology included a

pre- and post-research design using a quantitative approach. 114 students participate in

the business simulation as respondents and reply to the quantitative survey's pre-question.

The similarities of both studies, they are both about business, Business Simulation

and how Business Simulation helps the students to improve their skills when it comes in

the business. On the other hand, despite of the similarities of the studies they also have
differences. The first differences that the researcher found is that in the study of Guizairy

she used quantitative method to get the data and get the result of her study. While the

current study used qualitative method and the researcher will interview their subject to

get the outcome of their study.

According to Silva, 2019, globally, educators have always yearned to experiment

with fresh pedagogical theories, instructional strategies, and technological advancements.

With the advent of digitization, educators have begun to employ simulators to better

prepare the students since they let the student explore and feel a true working atmosphere

in a controlled setting, prior to joining the real world. We specifically want to mention the

business simulations among the simulators. These focus on the (re)creation of a corporate

environment in which students complete all of the duties that they would normally

complete in the actual world. Students may acquire and enhance their talents, particularly

soft skills like critical thinking, in these commercial situations.

Otherwise, the similarities of the study of Silva and the current study, they are

both about business, and how Business Enterprise Simulation help the students to

enhance their skills. While the differences of both studies are the study of Silva is about

the Business Simulation course. While the current study is about the Business Enterprise

Simulation or the core subject of the Grade 12 ABM student.

Related Studies

Local

According to the study of Amper, 2022, work immersion is a subject taught in

senior high school to prepare students for careers, entrepreneurship, and postsecondary
education. This qualitative research study focuses on the experiences of senior high

school students during pandemics when they participated in business simulations. The

primary objectives of this study are to identify the various elements that contribute to

entrepreneurial sustainability through business simulation in work immersion classes, to

evaluate the long-term consequences of the entrepreneurial desire to start small

businesses during the Covid-19 pandemic, and to provide the proposed intervention is not

limited to the school. The community has a significant impact on the data gathered from

the students. For students' business simulations to be successful, they need help from the

community in the form of showcasing, support, and monetary help to energize hopeful

business visionaries like the students to keep their private companies running.

On the other hand, the similarities of both studies, the present study and the study

of Amper, is they are both about work immersion. And also, the research design of both

studies is the same which is the qualitative research. Therefore, both studies have also

differences from each other, the present study is aimed to know what is the impact of

Business Enterprise Simulation on the ABM students who aspire to be in the business

industry someday. While the purpose of the study of Amper, is to determine the different

components that contribute to Entrepreneurial sustainability through business simulation

in work immersion subjects and to assess the long-term implications of the

entrepreneurial desire of learners to engage in small businesses for senior high school

students in time of Covid-19 pandemic and aims to provide Intervention Program to

increase the entrepreneurial engagement of learners even after graduation.

According to Cababat, et al, 2023, Entrepreneurship is the ability to recognize the

kinds of products and services that are needed and should be offered to the right audience
at the right time and at the right price. The goal of the study was to ascertain the degree to

which Grade 12 Accountancy, Business, and Management (ABM) students personally

mastered the prerequisite skills in the business enterprise simulation. 110 students

responded to a survey using Slovin's formula in this study, which used a descriptive-

survey research design. A weighted mean is used in this study's analysis of the collected

responses. The results showed that the students classified their personal mastery level in

terms of research skills, strategic skills, marketing skills, operating skills, and financial

skills as least mastered, which obviates that these skills are not yet fully developed.

The similarities of both studies are they are the same topic which is about the core

subject, Business Enterprise Simulation of Grade 12 ABM students. And the respondents

of both studies are the same which is the Grade12 ABM students. Besides of having

similarities, both studies also have differences from each other. The first one is the study

of Cababat focuses on the prerequisite skills of the students while the current study

focuses on the Impact of Business Enterprise Simulation on the students who aspire to be

in the business industry someday. Furthermore, both studies used different type of

research. The study of Cababat used, quantitative while the current study used qualitative.

Lastly, according to Rodriguez, 2019, in the field of education, the quality and

perfection of learning are of the highest significance. The K–12 Basic Education Program

aims to help students develop the skills, work ethics, and values necessary for continuing

their education or entering the workforce. Work Immersion has been included as a

requirement in order to better align the curriculum's core subjects with the country's

development goals. This course will give students the chance to practice using their skills

in their areas of specialty and applicable topics in real-world job settings, as well as to get
familiar with the workplace. Students are exposed to and familiarized with the workplace

environment linked to their area of specialty through work immersion.

Otherwise, both studies have similarities with each other. The first similarity that

the researcher notice is that the study of Rodriguez, is about working immersion and the

impact of working immersion to the students. Similarly, to the current study, the current

study focuses on the impact of Business Enterprise Simulation (this is the working

immersion of grade 12 ABM students) on the students. Also, both studies have the same

respondents which are the Grade 12 ABM students. And the differences of the two studies

is, the study of Rodriguez used questionnaire as the main instrument of her study. While

the current study the researcher main instrument is interview.

Synthesis

To sum it up, a business simulation is an interactive learning experience in which

participants develop their individual industry-related skills while experiencing real-world

business situations and systems. It is a teaching method that simulates a business

environment for students to learn about various aspects of running a business. The center

subjects of a business undertaking reenactment vary depending on the particular program

or course, but typically include business methodology and arranging, showcasing and

deals, monetary administration, tasks the board, and human asset the executives. Business

simulations teach hard and soft skills tailored to their individual real-life counterparts,

such as critical thinking, decision-making, teamwork, communication, and self-motivated

learning. Additionally, business simulations provide several advantages, including the

ability to reduce risk, promote hands-on learning, and keep participants interested.
 Participants who learn through experiential learning tend to retain the material

better than those who study through more conventional classroom approaches. Business

simulations are a core subject that is important for several reasons: realistic experience,

critical thinking, collaboration, risk management, and financial management. They

provide students with a realistic experience of running a business, allowing them to

develop practical skills and knowledge that can be applied in real-world situations.

Additionally, they offer students and participants the immediate opportunity to learn

skills as if they were actually positioned in a company, which is incredibly effective and

proven to quickly alter attitudes and behavior. Finally, Business Enterprise Simulation

helps the students who wants to be in the business industry by enhancing the skills they

can develop.

Conceptual Framework

The aimed of this study is to know the impact of having Business

Enterprise Simulation on Grade 12 ABM students who aspire to be in the business

industry. The figure 1 shown below that the study was conducted to know the impact and

the advantages of having a Business Enterprise Simulation to Grade 12 ABM students

who wants to be in the business in the future. And also, this study explored how Business

Enterprise Simulation helps the students who wants to be a businessman.

According to What is a Business Simulation? 7 Types and Benefits, 2023,

there are a lot of advantages you can gain in having a Business Enterprise Simulation.

Business simulations provide several advantages, including the ability to reduce risk,
 promote hands-on learning, and keep participants interested. They may foster experiential

learning, establish a risk-free atmosphere, and leave a lasting effect on participants.

INPUT PROCESS OUTPUT

 The advantages  The researchers  How Business

of having a will conduct an Enterprise

Business interview, in Simulation help

Enterprise order for them the Grade 12

Simulation. to get the result ABM students

 The impact of of the study. who aspire to be

Business  Analyzing the in the business

Enterprise data that the industry.

Simulation to researchers

Grade 12 ABM gathered from

students. their subject

 Benefit of having

a Business

References

Amper, E. (2022). Exploring the Experiences of Senior High School Students on

Business Simulation in the New Normal: Basis for a Proposed Intervention

Program (E. Amper, Ed.) [Review of Exploring the Experiences of Senior High
 School Students on Business Simulation in the New Normal: Basis for a Proposed

Intervention Program]. file:///C:/Users/Dell/Downloads/323-Article%20Text-

945-1-10-20220213%20(11).pdf

Czuba, P., Gutowski, T., & Pierzchala, D. (2021, January). “Agent-Based Simulation

Framework for Optimization of Deliveries in A Parcel Distribution System”

Agent-Based Simulation Framework for Optimization of Deliveries in A Parcel

Distribution System. https://www.researchgate.net/publication/348835499_Agent-

Based_Simulation_Framework_for_Optimization_of_Deliveries_in_A_Parcel_Di

stribution_System

na. (2023). The Ultimate Guide to Business Simulations for Educators.

https://knowledgematters.com/blog/Ultimate-Guide-to-Business-Simulations-for-

Educators

na. (2023). What Is a Business Simulation and Why Do Companies Use Them? Indeed

Career Guide.

https://www.indeed.com/career-advice/career-development/business-simulation

Pespeñan, R., Cababat, J., & Garma, J. (2023). PREREQUISITE SKILLS IN BUSINESS

ENTERPRISE SIMULATION OF ACCOUNTANCY, BUSINESS, AND

MANAGEMENT STUDENTS.

from https://scimatic.org/storage/journals/11/pdfs/979.pdf

Rodriguez, M. (2019). Work Immersion Among ABM Grade 12 Senior High School

Students of the Anselmo A. Sandoval Memorial National High

School. Ascendens Asia Journal of Multidisciplinary Research Abstracts, 3(2).

https://ojs.aaresearchindex.com/index.php/AAJMRA/article/view/4189
Thanasi-Boce, M. (2020). Enhancing students’ entrepreneurial capacity through

marketing simulation games.

https://www.emerald.com/insight/content/doi/10.1108/ET-06-2019-0109/full/html

Unciano, C. (2019). THE DIFFICULTIES OF ABM STUDENTS IS THEIR

SPECIALIZED SUBJECTS. Www.academia.edu.

https://www.academia.edu/44454130/THE_DIFFICULTIES_OF_ABM_STUDE

NTS_IS_THEIR_SPECIALIZED_SUBJECTS

Yan, X., Gu, D., Liang, C., Zhao, S., & Lu, W. (2018). Fostering Sustainable

Entrepreneurs: Evidence from China College Students’ “Internet Plus” Innovation

and Entrepreneurship Competition (CSIPC). Sustainability, 10(9), 3335.

https://doi.org/10.3390/su10093335

Zulfiqar, S., Sarwar, B., Aziz, S., Ejaz Chandia, K., & Khan, M. K. (2018). An Analysis

of Influence of Business Simulation Games on Business School Students’

Attitude and Intention Toward Entrepreneurial Activities. Journal of Educational

Computing Research, 57(1), 106–130.

https://doi.org/10.1177/0735633117746746

Chapter 3

METHODOLOGY
 This chapter presents the research methodology employed in this study to

investigate the impact of Business Enterprise Simulation on Grade 12 ABM students who

aspire to be in the business industry. The chapter discusses the research design,

participants, data collection procedures, and data analysis techniques.

Research Design

This study utilizes a case of study. Qualitative research is appropriate for

exploring and understanding complex phenomena in-depth and capturing the subjective

experiences, perceptions, and insights of individuals. In this case, the qualitative

approach allows for a comprehensive exploration of the impact of Business Enterprise

Simulation on the participants' perspectives, attitudes, and skills related to

entrepreneurship.

Participants

The participants in this study are Grade 12 ABM students from Caluluan National

High School who have taken the Business Enterprise Simulation core subject. The

participants are selected based on their interest in business and their aspiration to pursue a

career in the business industry. The sample size will be determined through purposive

sampling, aiming for a diverse range of participants with varying experiences and

perspectives.

Data Collection Procedures

 Data collection for this study will involve semi-structured interviews with the

participants. Semi-structured interviews allow for flexibility and the exploration of

emerging themes while ensuring that relevant topics are covered. The interviews will be

conducted face-to-face or through video conferencing, depending on the participants'

availability and preferences. The interviews will be audio-recorded with the participants'

consent and transcribed for data analysis.

The interview questions will be developed based on the research questions and

will cover topics such as the participants' experiences with Business Enterprise

Simulation, the advantages they perceive in taking the core subject, the impact on their

skills and attitudes towards entrepreneurship, and how they believe they will benefit from

the simulation in their future college courses and careers.

Data Analysis

The data analysis for this study would involve thematic analysis, which is a

widely used qualitative analysis technique for identifying, organizing, and interpreting

patterns and themes within qualitative data. The transcribed interview data will be coded,

and initial codes will be grouped into categories and themes. Through an iterative

process, connections and relationships between the categories and themes will be

identified to generate overarching findings.

To ensure the reliability and validity of the findings, multiple researchers will be

involved in the coding and analysis process. Inter-coder reliability checks will be

conducted to ensure consistency in the coding and interpretation of the data. Additionally,

member checking will be employed, where participants will be given the opportunity to
review and validate the initial findings to ensure their accuracy and alignment with their

experiences.

Ethical Considerations

Ethical considerations will be strictly followed throughout the research process.

Informed consent will be obtained from all participants, ensuring that they understand the

purpose of the study, their rights as participants, and the confidentiality and anonymity of

their responses. Participants will have the right to withdraw from the study at any time

without consequences. The study will adhere to ethical guidelines and regulations

regarding the storage and use of data. Moreover, we would like to assure all participants

that their privacy and the confidentiality of their information are of utmost importance to

us in this research. All data collected will be used solely for the purpose of this study and

will be treated as confidential. We will implement strict measures to ensure the privacy

and security of the gathered data, adhering to ethical guidelines and research protocols.

Each researcher involved in the study will have access only to the data they have

collected and will handle it responsibly. No unauthorized individuals will have access to

the information records containing the perspectives of the respondents. Furthermore, the

results derived from this research will be utilized exclusively as data within the scope of

the current study, maintaining the confidentiality and anonymity of the participants and

upholding the integrity of the research process.

 Chapter 4

ANALYSIS AND INTERPRETATION OF DATA

In this chapter you can see the finding and the results of the research. The

analyzing, and interpretation of the data that the researcher got from their subject. The

said data were going to be the basis of the research gap.

Profile of the Research Subject

ABM01 is an 18-year-old who lives in Sto.rosario Concepcion Tarlac. He is

Grade 12 ABM students at Caluluan High School. According to his responses. There is

something like I said that will help us when we come to college like we will be given a

broader idea about how to put a business? And how to manage a business and how to

innovate to keep up with the changing needs of people. That's when we have a subject

like our subject, which is business enterprise simulation, they teach the basic principles of

business, what are the processes of businesses, how to run the business, the members, the

management, they discuss, so our goals are like there are they like simulation have

extensive knowledge. They were helped or helped by the subject of Yun to be more

prepared when coming to collage Because college is once a step to adults held, and they

help you to be prepared how to when you step in there to adult hold.

ABM02 is an 18-year-old who lives in Parulu ng, Concepcion Tarlac. She is Grade 12

ABM students at Caluluan High School. According to her responses. I think there are

advantages. Core subjects, most of the time, are important and need to be learned

thoroughly. Again, knowledge and strength are power. As a student going through the

subject, I realized that a business operation is not an easy thing to do. It requires
teamwork, hardwork and determination. Knowing this, I now have a newfound respect to

small business owners. Business simulation helps aspiring students who want to be in the

business industry by building skills, improving knowledge and experience, and learning a

deeper level of understanding and engagement about business.

ABM03 is an 18-years old who lives in Parulung Concepcion Tarlac. She is Grade 12

ABM student at Caluluan National High School.According to her responses.Yes, the

advantages of having a business enterprise simulation as a core subject are that it will

help you in making wise decisions, bring you joy and fulfillment, increase your

understanding of the business world, and give you the opportunity to feel and experience

running a small business. And It has an impact on a student like me in a way that my

awareness and knowledge about business have been expanded, which I can definitely use

in the future. Additionally, he said it will help them know what the dos and don'ts are in

business, and it will teach students how to perform well under pressure when time is

limited, which will guide them to properly run the business they have.

ABM04 is an 18-years old who lives in Parulung Concepcion Tarlac. She is Grade 12

ABM student at Caluluan National High School. According to her responses. Yes, there

are advantages, it helps me to identify and creating strategic plan, to engage in learning

new skill such critical thinking and problem solving. And through simulation exercises, I

gain practical experience in decision-making and problem-solving skills, leading to better

preparation for future careers in the business world. By applying critical thinking and

analytical skills to real-world scenarios. Additionally, he said it helps students understand

the complexities and challenges of the business industry, such as financial management,

marketing, and competitive analysis.

ABM05 is an 18-years old who live in Caluluan, Conception, Tarlac. He is Currently a

Grade 12 ABM at Caluluan high school according to a responses Business Enterprise

Simulation offers practical application, critical thinking, and decision-making skills

through hands-on experience in a realistic business environment. It fosters teamwork and

collaboration by requiring effective communication, delegation, and goal-setting. And,

Business Enterprise Simulation significantly impacts student learning and development,

improving decision-making and teamwork. It provides a dynamic, practical experience

for students aspiring to enter the business industry, equipping them with necessary

knowledge, skills, and mindset for future professional endeavors. And, the Business

Enterprise Simulation provides a dynamic learning experience, equipping students with

practical skills, critical thinking, collaboration, and personal growth. Participation ensures

success in the business industry and contributes effectively to organizations.

THEMATIC ANALYSIS

SOP 01

What are the advantages of having Business Enterprise Simulation on Grade 12 ABM

students who aspire to be in the business industry?

1. Do you think there are advantages on having a Business Enterprise Simulation as a

core subject? What are those advantages?

ABM 01. There is something like I said that will help us when we come to college like

we will be given a broader idea about how to put a business, and how to manage a

business and how to innovate to keep up with the changing needs of people.
ABM 02. I think there are advantages. Core subjects, most of the time, are important and

need to be learned thoroughly. Again, knowledge and strength is power.

ABM 03. Yes there are advantages, it helps me to identify and creating strategic plan, to

engage in learning new skill such critical thinking and problem solving.

ABM 04. Yes, the advantages of having a business enterprise simulation as a core subject

are that it will help you in making wise decisions, bring you joy and fulfillment, increase

your understanding of the business world, and give you the opportunity to feel and

experience running a small business.

ABM 05. Business Enterprise Simulation offers practical application, critical thinking,

and decision-making skills through hands-on experience in a realistic business

environment. It fosters teamwork and collaboration by requiring effective

communication, delegation, and goal-setting

2. What is the importance of Business Enterprise Simulation in your chosen business in

the future?

ABM 01. That is because of interest to how to innovate to keep a with a piecemeal of the

people. Because that business simulation we had the idea or how to keep an innovation

like if there is a new market or product in the market we know how to innovate to keep

up.

ABM 02. From what I believe, the best way to learn something is through experiencing

it, Business Enterprise Simulation provides that.

ABM 03. It is important in a way that it allows me to experience handling a business,

strengthen my creativity, and improve my critical thinking, which I can confidently use

when I handle my own business.

ABM 04. I think the best way to learn something is to actually experience it, and

business enterprise simulation gives you that opportunity. It is important in a way it

provides future business people with insight on how to manage and run their business.

ABM 05. Business enterprise simulation is of immense importance to my chosen

business in the future. It offers a practical learning experience, develops essential skills,

fosters collaboration, and prepares us to tackle uncertainties. By leveraging simulation, I

can gain a competitive edge, refine my business acumen, and confidently navigate the

complexities of the ever-evolving business world.

Theme Sub-Theme

1. Advantages of Business Enterprise 1.1 Managing business

Simulation 1.2 It will enhance your decision-making

skills.

2. Importance of Business Enterprise 2.1 How to handle business in the future.

Simulation 2.2 Learning new skills.

In analyzing the answers of the subjects in the study there are two

advantages in learning or experiencing Business Enterprise Simulation that advantages

according to the subjects of the researchers are learn on how to manage a business,

enhancing your decision-making skills. This results are supported by this article,
according to Knowledge Matters, business simulations teach hard and soft skills tailored

to their individual real-life counterparts. They fall into three categories: Executive

Simulations, Departmental Simulations, and Concept Simulations. Different business

simulations are tailored to address the challenges unique to each role. Along with the hard

skills that business simulations teach, students learn a variety of soft skills such as critical

thinking, decision-making, teamwork, communication, and self-motivated learning. Post-

graduation, students can draw on these skills to enter the job market several strides ahead

of the rest.

This article and the results of this research have similarities because the

article of knowledge matters is all about the skills that you can enhance while learning or

while experiencing Business Enterprise Simulation. While the result of this study that of

on the advantages of having a Business Enterprise Simulation is the decision-making

skills. As mentioned by ABM 04:

“Yes, the advantages of having a business enterprise simulation as a core subject are that

it will help you in making wise decisions, bring you joy and fulfillment, increase your

understanding of the business world, and give you the opportunity to feel and experience

running a small business.”

SOP 2
What is the impact of Business Enterprise Simulation to Grade 12 ABM students who are

interested in business?

1. What are/is the impact of Business Enterprise Simulation on students like you who

aspire to be in the business industry?

ABM 01. That's when we have a subject like our subject, which is business enterprise

simulation, they teach the basic principles of business, what are the processes of

businesses, how to run the business, the members, the management, they discuss, so our

goals are like there are they like simulation have extensive knowledge.

ABM 02. As a student going through the subject, I realized that a business operation is

not an easy thing to do. It requires teamwork, hard-work and determination. Knowing

this, I now have a newfound respect to small business owners.

ABM 03. Through simulation exercises, I gain practical experience in decision-making

and problem-solving skills, leading to better preparation for future careers in the business

world. By applying critical thinking and analytical skills to real-world scenarios.

ABM 04. It has an impact on a student like me in a way that my awareness and

knowledge about business have been expanded, which I can definitely use in the future.

ABM05. For me as a student I believe Business Enterprise Simulation has a profound

impact on my learning and development. gaya nang sinabi ko kanina it enhanced my

decision making skills, and natuto ako nang team work at makipag collaborate, so

overall, Business Enterprise Simulation provides a dynamic and practical learning

experience for students aspiring to enter the business industry. It equips us with the

necessary knowledge, skills, and mindset to navigate the complexities of the business

world and prepares us for future professional endeavors.

Theme Sub-Theme

1. Impact of Business Enterprise 1.1 Leading to better preparation for

Simulation future careers in the business world.

According to the findings of the of the researchers that the impact of Business

Enterprise Simulation is about the preparation for the future careers in the business world.

This result is supported by, What is a Business Simulation? 7 Types and Benefits, 2023, a

business simulation is an interactive learning experience in which participants develop

their individual industry-related skills while experiencing real-world business situations

and systems. Most people who take these classes are just starting out in their careers and

want to improve their professional development. Participants can enhance their

conceptual understanding and put their comprehension of practical information to the test

rather than focusing on theoretical business concepts.

The article and the finding has a similarities with each other, because the article is

all about the benefits that you can gain while experiencing Business Enterprise

Simulation, and that is developing careers and improving the professional development.

While the results find that the impact of Business Enterprise Simulation is the preparation

for the future careers in the business world. It has been said by ABM 03:
“Through simulation exercises, I gain practical experience in decision-making and

problem-solving skills, leading to better preparation for future careers in the business

world. By applying critical thinking and analytical skills to real-world scenarios.”

SOP 03

How Grade 12 ABM students will benefit to Business Enterprise Simulation?

1. How will the Business Enterprise Simulation help the students who aspire to be in the

business industry?

ABM 01. They were helped or helped by the subject of Yun to be more prepared when

coming to collage Because college is once a step to adults hold, and they help you to be

prepared how to when you step in there to adult hold.

ABM 02. Business simulation helps aspiring students who want to be in the business

industry by building skills, improving knowledge and experience, and learning a deeper

level of understanding and engagement about business.

ABM 03. It helps students understand the complexities and challenges of the business

industry, such as financial management, marketing, and competitive analysis.

ABM 04. It will help them know what the dos and don'ts are in business, and it will teach

students how to perform well under pressure when time is limited, which will guide them

to properly run the business they have.

ABM 05. The Business Enterprise Simulation offers a dynamic and engaging learning

experience that prepares students for the realities of the business world. It equips us with

practical skills, fosters critical thinking, promotes collaboration, and provides valuable

feedback for personal growth. By participating in this simulation, I am confident that I

will develop the necessary skills and knowledge to excel in the business industry and

contribute effectively to the success of any organization I become a part of.

Theme Sub-Theme

1. Benefits of Business Enterprise 1.1 Building skills and improving

Simulation knowledge about business.

In analyzing all the responses of the participants on the interview, all the

participants said that the benefit of having Business Enterprise Simulation that you can

gain is that you can your skills and improve your knowledge about the business, this

result is supported by, according to Stratx Simulation, 2023, business simulations offer

students and participants the immediate opportunity to learn skills as if they were actually

positioned in a company. This is incredibly effective and is proven to quickly alter

attitudes and behaviors. They teach students to operate well under pressure and time

constraints, and teamwork skills, such as resolving conflict, considering differences of

opinion, and listening to alternative perspectives. The introduction of competition creates

another level of learning engagement that creates even better results. Professor Lewis

Lim, Nanyang Business School, has seen an amazing transformation in his students into

highly analytical, confident, and finance-savvy marketing decision-makers.

 This article and the results of this study has a similarities with each other

because, the article show that business enterprise simulation you can enhance a lot of

skills such as critical thinking skills, decision making skills etc. While the result of the

study show that the beneficiaries of this will gain a lot more knowledge and enhance a lot

of skills. The statement said by ABM 02:

“Business simulation helps aspiring students who want to be in the business

industry by building skills, improving knowledge and experience, and learning a deeper

level of understanding and engagement about business.”

 Chapter 5

SUMMARY OF FINDINGS, CONCLUSIONS AND

RECOMMENDATIONS

SUMMARY OF FINDINGS

The finding of this research, contain the advantages of Business Enterprise

Simulation based on the results that the researchers gain from their respondents is that

there are two advantages in learning or experiencing Business Enterprise Simulation that

advantages according to the subjects of the researchers are learn on how to manage a

business, enhancing your decision-making skills. In addition, the importance of Business

Enterprise Simulation, according to the respondents of the research, you can learn on how

to handle business in the future, you can learn new skills.

Furthermore, the impact of the Business Enterprise Simulation to the students

who aspire to be in the business industry someday according to the findings of the

researchers, is about the preparation for the future careers in the business world.

Lastly, according to the results that the researchers gain from their respondents

about how will the Business Enterprise Simulation help the students who wants to be in

the business industry is that you can gain is that you can your skills and improve your

knowledge about the business.

CONCLUSION

The advantages of Business Enterprise Simulation based on the results that the

researchers gain from their respondents is that there are two advantages in learning or
experiencing Business Enterprise Simulation that advantages according to the subjects of

the researchers are learn on how to manage a business, enhancing your decision-making

skills.

The impact of the Business Enterprise Simulation to the students who aspire to be

in the business industry someday according to the findings of the researchers, is about the

preparation for the future careers in the business world.

How will the Business Enterprise Simulation help the students who wants to be in

the business industry is that you can gain is that you can your skills and improve your

knowledge about the business.

RECOMMENDATIONS

The study revealed the impact of Business Enterprise Simulation to the students

who aspire to be in the business industry. The following recommendations are hereby

presented.

1. Take studying the Business Enterprise Simulation seriously.

2. Teach more a lot about business.

3. Encourage one another that learning Business Enterprise Simulation is fun.

4. To the future researchers, find more data to support your claim and results. And also,

add more participants to gain more data.