The ability to think and act strategically can be useful in many situations and basic business skills are becoming increasingly important across industries and positions. With the business simulation Management Essentials, participants get introduced to basics of business administration.
What is Management Essentials?
In this business simulation participants take on the role of management of a business and make decisions in the areas of production, sales, human resources, administration and finance. A special feature: Two scenarios with different levels of difficulty are available for this management simulation.
- The entry level scenario depicts the business environment of a small, traditional outdoor tents manufacturing company. Participants control the above mentioned areas to help their business achieve economic success.
- The second easyManagement scenario is all about the production and distribution of backpacks. Here, participants can expand their business to a second market throughout the simulation. Overall, there are a few extra decisions to make in this scenario, which adds complexity to the entry level.
Most and foremost, this simulation is intended to convey basic business knowledge and help participants to familiarize themselves with overall business contexts. During a seminar with Management Essentials, participants experience first-hand the basics of production management. They learn how to handle market reports, gain insights into the value chain and train decision-making in the team.
How can Management Essentials be used?
We designed this simulation especially for beginners of business and financial acumen. It is perfectly suitable for participants with little to no prior knowledge in business. Thus, it is ideally used for introductory events or intakes at universities, business management seminars or business simulation in schools or continuous education institutions.
Which learning objectives are tackled with Management Essentials?
You would like to know more about Management Essentials? You can download the short description of the simulation here as a PDF.