EMEN 5710: Business Simulation
Description
Through an internet-based computer simulation, your team will be placed in a realistic international business setting where you will start up and run a company two years in compressed time (eight rounds of decision making). Repeatedly, you will be expected to plan and execute a business strategy by undertaking coordinated marketing, human resources, operations, finance, and accounting actions.
Objectives
- Develop management skills by giving an integrated perspective of the entire business operation.
- Experience the challenges and rewards of the entrepreneur by starting up and running a new business venture.
- Build confidence through knowledge and experience.
- Develop strategic planning and execution skills within a rapidly changing evnironment.
- Crystallize the linkages between business decisions and financial performance.
- Instill a bottom line focus and the simultaneous need to deliver customer value.
- Internalize how important it is to use market data and competitive signals to adjust the strategic plan and more tightly focus business tactics.
- Develop teamwork across functions, opening up new communication links.
- Promote better decision making by helping you see how your decisions can affect the performance of others and organization as a whole.
- Facilitate learning of important business concepts, principles, and ways of thinking.
Prerequisites
Acceptance into the Engineering Management Program or permission of the instructor.
Education Officer (EO)
Hardware & Software
Access to the Strategic Corporate Management software can be purchased online with a credit card at: https://web.marketplace-simulation.com/home/purchase/purchase.php.
Flash demos have been prepared to introduce you to the Marketplace software. Please to to the following web page: http://marketplace-simulation.com/sample-screens/flash-demo.php.
Syllabus
Sample Lectures and YouTube Vignettes
Upcoming & Previous Offerings
Meeting Days Legend: Monday (M), Tuesday (T), Wednesday (W), Thursday (R), Friday (F), Saturday (S), Sunday (U)
Summer Terms: M = Maymester, A = 1st 5 weeks, B= 2nd 5 weeks, C = 8 weeks, D= 10 weeks
Refer to the Academic Calendar for specific dates.
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