BUSINESS ENTERPRISE SIMULATION

Introduction to Business Enterprise

Simulation
 Pre-requisite
• Business Math
• Organization and Management
• FABM1 and 2
• Principles of Marketing
• Business Finance
 Co-requisite
• Applied Economics
• Ethics and Social Responsibility
 What is Business Simulation?
• It is an essential tool to organizational
learning and development
• It improves learner’s business
financial skills, improve the learner’s
bottom line
 Why study Business Simulation?
• It empowers you through play and serious fun
• It provides hands on learning that imitates the
real world
• It improves performance in all business
aspects including sales and project
management.
 Why practice a Business SImulation?
• Business simulation are hands-on, interactive
learning experience that allows you to engage
in the actual environment.
 Advantages
• Imitates reality
• Risk-free environment
• Stimulates cooperation
• Learning by doing
Benefits of Business Enterprise Simulation
• Real-life Experiences
• Improvement of knowledge retention over time
• Obtain fast and Insightful Feedback
• Reduce risk and fear as future employees
entrepreneurs
• Access to quantifiable and measurable
exercise