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Thousands of students playing business simulations have been asking a seemingly simple question from you, their teacher, and peers alike; how do I win the game? What are some surefire ways to beat the simulation? What are the best strategies?
The terms business simulations, serious games and experiential learning tools are sometimes used interchangeably by educators and even the developers themselves. An understandable hiccup considering the similarities, but when attempting to discern which methodology is the right choice for your course, it's important that you know the differences between them as well. In this article we will help you understand what sets these educational tools apart, and how to decide when are they appropriate to use.
If you are wondering whether business simulations are the right tool to educate your students with, then take a few minutes of your day and read on. Many people think that interactive learning sims are nothing more than video games wrapped in a slightly more serious attire, and few actually dig deeper to uncover the tremendous benefits they offer. Students however, know otherwise, and one only needs to ask to get a first hand understanding of the improvements in skills they experience after partaking in a simulations based course.
Have you ever tried to introduce your students to a business simulations based course for the first time? If so, you'll know that it can be difficult because participants may not be familiar with the medium or are just too eager to jump into the decision making part without paying proper attention to the overall goal of the exercise. So what do you do?
London Business School (LBS) is an international business school and a constituent college of the federal University of London, located in central London, England, United Kingdom, beside Regent's Park. LBS teaches postgraduate programmes in finance and management, in addition to its flagship Master of Business Administration (MBA and EMBA) programme. It also offers the Sloan Fellowship Programme for experienced business executives, a Masters in Finance (also known as MiF, a finance specialist programme), a Masters in Management for students with less than a year's work experience, a PhD, as well as non-masters programmes for business executives.
What an amazing start to the new year! Only two months into 2013 and we have already conducted several very successful training webinars aimed at our new instructors, added London Business School and the Higher Colleges of Technology to our list of customers, and participated in the Winter Marketing Educators' Conference in Las Vegas, NV.
Have you ever tried explaining complex business concepts to your students? If so, you'll know that it's difficult because many of the real life nuances of business decision making get lost in the process. So what do you do? Many people have found success by using active learning tools like business simulations. However, there are a few things you should know before you buy and implement a business simulation to ensure that its a roaring success in your class. This post will tell you three things; (1) what are business simulations games, (2) what you need to know to make sure you select the right solution that will let you successfully illuminate various business concepts to your students, and (3) what are some business simulation games for specific disciplines that you can use.
If you are a hotel and restaurant management educator looking for a new way to teach basic hospitality concepts, look no further.
The annual conference organized by the Academy of Management has once again been a tremendous success. Educators from all over the world came to share ideas, sit in on sessions, and come by the exhibitor hall to meet publishers and educational tool providers. This time around the location was the prestigious city of Boston, MA; home to both Harvard and MIT. We would like to thank the AOM team, our visitors, and our clients for coming by our desk and sharing their opinion with us on the business simulations industry.
The annual Academy of Marketing conference is just around the corner. This year the event will be held in Southampton (United Kingdom) between 2-5 of July, 2012. If you are a marketing educator living in Europe, this is certainly a conference not to miss out on. Apart from papers presented on various marketing discipline related topics, there will also be a workshop organized by us on using marketing simulations in education.
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