What is a game? To start off, a game is a type of structured activity, usually undertaken for enjoyment and sometimes used as an educational tool. Games are different from work, which is usually carried out for remuneration, and from art, which is more concerned with the expression of various ideas.
The key components of games are goals, rules, challenge, and interaction. Games generally involve the mental or physical stimulation, and often both. Many games help in developing practical skills. They serve as a form of exercise, or otherwise perform an educational, situational or psychological role.
With the increase in globalization and changing technologies, many organizations are now moving from board games to computer based simulations, or online business games.
Business games, to add up, are simulation games that are used at an educational tool for teaching business. Business games may be used for various businesses training such as: general management, finance, organizational behaviour, human resources, etc.
Business games are used as a teaching method in the different Universities, and more particularly in business schools, but also for executive education.
For a company, online business games are the type of simulators that try to present several ways an industry, company, organization, consultancy, or subunit of a company functions. Basically, they are based on the set of rules, procedures, plans, relationships, principles derived from the said research. In the online business games, trainees are given a particular type of information that describes a particular situation and are then asked to make decisions that will best suit in the favour of the company. And then the system provides the some feedbacks about the impact of their decisions.
Business games simulate whole organization and provide a much better perspective than any other training methods out there. They allow trainees to see how their decisions and actions impact on some related areas.
Some of the benefits of the business games are:
It develops leadership skills
It improves application of total quality principles
It develops skills in using quality tools
It strengthen management skills
It demonstrates principles and concepts
It explores and solves complex problem
It is a new approach for the employees, giving promising results
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