Business Challenge Essentials makes the introduction to business administration a vivid and practical experience. Our beginner-friendly business simulation enables independent learning about business and economics anywhere in the world with an internet connection.
What is Business Challenge Essentials about?
In Business Challenge Essentials, learners take on the role of a managing director of an innovative backpack manufacturer. In order to successfully sell their SmartBags, learners make strategic and operative decisions for different departments, including R&D, finance, production, marketing, sales, human resources and administration.
What is the best way to apply Business Challenge Essentials?
Business Challenge Essentials can be played in teams, or learners can play individually against computer-controlled competitors. The instructor can decide how many times a learner can repeat a round (4 periods) in the “Set Up Game” section. When the learners finish making their decisions for a simulated financial year, they can calculate the game round themselves. This allows them to engage with the business simulation at their own pace and independent of time and location in the TOPSIM – Cloud.
Throughout the simulation, the learners have a virtual consultant at their disposal who helps with the analysis of reports and the decision-making process. In addition, Business Challenge Essentials offers a technical onboarding which explains the platform in a gamified way. This reduces the amount of time needed for preparation and support, especially for larger groups.
The new ranking feature promotes increased competition by allowing the game-independent comparison of learners’ high scores. As a result, learners can compete with each other to achieve the best result. This not only sparks their ambition to win but also leads the learners to continually apply what they have learned to improve their high score. Consequently, the ranking can be used as a valuable tool in the analysis of results or a specific high score could be set as a goal the learner needs to reach as a prerequisite to take a test.
The possibilities for how to use the simulation are endless. It can also be applied as a regular activity throughout the semester or as a way to prepare for a test or as an admission requirement for a course.
Which learning goals are included in Business Challenge Essentials?
This business simulation has a complexity level of one, making it suitable for bachelor students in the foundational courses of their business studies as well as for non-business degrees, and high school. It is also designed to be used as an introduction to business or to refresh skills. With Business Challenge Essentials, the following fundamental skills will be trained: