Free online business management simulation games - MBA Crystal Ball (2022)

Free online business management simulation games - MBA Crystal Ball (1)If you are a professional and if you haven’t heard about business simulation games, this article is a must-read for you. Most of the top business schools use management games for MBA students in their classrooms. Many top companies use them to train their future leaders in management concepts. It’s a fun and practical way to learn about topics that are traditionally thought to be dry and boring.

What are business management simulation games?

Breaking up the terminology, most professionals are aware of what ‘simulation’ means and many use them in their day-to-day jobs as well. Consider the software testing where various scenarios are simulated to see how the software package would behave.

Simulation games are also quite popular, albeit in a non-business environment. Microsoft’s hugely popular flight simulator is a good example. You don’t need to be a pilot to try it out, but you can get a pretty good idea of the complexity that’s involved in flying a plane.

Business management simulation games take the same concept and adapt it to the management world. The idea is to take real world problems in various professional spheres (finance, supply chain, human resources, marketing, product development etc), build models depicting various scenarios / challenges and allow folks to test their own skills.

One of the best takeaways from a top-tier MBA is getting access to some really well-designed simulation and strategy games like Capsim Capstone and BSG Online. The common approach is to form study groups and give each group access to the software which allows them to run through the simulations independently or compete with each other.

Advantages of business simulation software

There are several advantages of including simulation games in the MBA learning curriculum.

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–Practical: All the management books, the case studies and exams scores mean little if you can’t put them to practice. Business Strategy Simulation games are a great way to put the newly gained theoretical skills to practical use.

–Limited Risk: There’s very little to lose. There’s no real money, business, credibility at stake. If you perform really bad, the only thing that will get hurt are your grades (and to some extent your ego).

–Wide Exposure: Simulation games put you in the driver’s seat. You get exposed to many disciplines and you get to take strategic decisions in each. This would be virtually impossible to expect when you join a company fresh out of college.

–Rapid learning: In the real world, even if you were lucky to get into a decision makers role, the learning curve would be slow and painful. You take a bunch of actions and the impact is felt in the subsequent time period (next week / month / quarter / year). Almost all the good business simulators include a feature to fast-forward the timeline. You evaluate the current scenario, form a strategy, specify your decisions and hit the ‘Submit decisions’ button. The simulator processes your decisions and takes you to the next phase in the business.

Management simulation game constraints

Along with all the pros, there are some not-so-great aspects with the management simulation games software used in business schools. When you compare and review Capstone / Capsim vs BSG Online vs Markstrat, here are some common issues you’ll see which prompts many to explorer alternatives.

–Pricing: Most of the good ones are too expensive for individuals. It’s primarily a B2B model. The usage rights are generally sold in bulk to institutions like universities, business schools and companies. The lowly professional without the backing of a business school or company wouldn’t find it to be a practical option.

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–Complexity: For commercial (justifying the high price tag) as well as credibility (replicating real life scenarios as close as possible) reasons, these tools invariably pack too much complexity that makes the learning curve pretty tough. Also, with the plethora of features in them, it is very likely that you’d probably end up using only a small fraction (10-15%) of the functionality.

–Learning: The law of diminishing returns applies to these simulation games as well. Beyond a certain point, the incremental learning starts going down. Even as an MBA student, you will not spend 2 years of your life playing games. There are more productive ways to use the time.

–Not ‘real’: At the end of the day, it’s still a game. The designer of the business simulation game software has taken liberties to filter out a lot of the uncertainty so that it can be modelled in algorithms.

Play our free business management simulation games online

We thought of getting the concept of business simulation games outside the confines of the top business schools and allowing everyone to access it. Not just rich kids with a lot of money (or poor kids with huge financial debts) who can afford expensive degrees.

Interestingly, apart from individual users, many management colleges across the world (including USA, UK, Singapore and India) are using our business games in their classrooms.

For starters we have created 2 strategy simulation games for you to use. They’ll get you introduced to the following areas.

(Video) Video Introduction to the Mini-MBA Business Simulation Course

Supply Chain Management Game: The super-sharp minds at MIT came up with a game called the Beer Game to get students introduced to the basic concept of supply chains. We’ve created our own, simplified version of the same. Click here to try our Free Online SCM Game.

General Business Management Game: Following in the tradition of two in-house tools that we developed earlier (MBA MAP and Career MAP), our business simulator is called BizMAP. This game puts you in the CEO’s chair and allows you to run a business independently. Click here to try the Free Online Business Strategy Game.

Each game has a clear logical end. You’ll learn about them when you start playing. A game is just a game if you play it and forget about it. The best part about business simulation games is that you get an indepth view at how you performed and why you won/lost. This is a powerful way of learning. So, don’t treat it like it’s just another game.

As depicted in the image below, at the end of the game, you’ll find comprehensive reports with charts and descriptions covering granular level insights into various business concepts. Nice, na?

Free online business management simulation games - MBA Crystal Ball (2)

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Start off with the SCM Game first and once you’ve got the hang of it, move to the slightly more complex BizMAP.

It’s high time you kicked out the supremely addictive (and mindless) Facebook games and moved to ‘serious games’ (that’s another industry term for learning oriented simulation games) that can help you learn new, practical skills and be a better professional.

There’s no software to download. Play them online for free. Try them out and let us know how you performed.

Were you able to achieve ‘equilibrium’ in the Supply Chain Game? How many attempts did it take? What about your performance in BizMAP (Business Strategy Game)? Were you able to live up to the expectations of the venture capital team that offered you the opportunity? Or did the company nosedive into bankruptcy under your esteemed leadership?

Read how MBA students are using our business simulation game in the classroom at FSU (USA) to learn business management concepts.

If you are a professor or trainer planning to use simulation games in your class, we can create a customized user-interface for your organisation. Send us an email: info [at] mbacrystalball [dot] com

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FAQs

How do you beat the game business simulation? ›

How to win – Business Simulation Tips
  1. Invest time learning and never rush decisions.
  2. Understand the goal from the get-go.
  3. Research must underpin marketing and financial decisions – don't guess to success.
  4. Create a strategy based on the goal and research data.
  5. Markets can be volatile so be able to pivot and change.
18 Jun 2021

What is the point of business simulation games? ›

Business simulation games allow you to experience certain aspects of running a business in a completely virtual, consequence-free environment. These simulation games can help you develop hard and soft business management skills.

How do you play Bizmap game? ›

BizMap game: In this game, one person takes over a firm with four employees with a few lakhs of rupees on hand. The businessman has to complete the contract by analyzing the financial and operational aspects of the organization.

What is simulation games example? ›

Simulation games are a genre of games that are designed to mimic activities you'd see in the real world. The purpose of the game may be to teach you something. For example, you could learn how to fish. Others simulation games take on operating a business such as a farm or a theme park.

How can I increase my net profit in BSG? ›

Answer: To increase your company's net income you should focus on improving your bottom line as well as your top line, try to trim labor, materials, warehouse, and delivery expenses.

What is business simulation and example? ›

Some examples include heat maps, leaderboards, financial spreadsheet reports, and live presentations. Process and Outcome-focused. Simulation-based learning is both about the learning process and the result. The process typically involves dialogue, competition, and cooperation and is driven by the participant's actions ...

What are the main objective of business simulation games in management? ›

The primary objective of a PriSim Business Simulation course is to improve business decision-making. To accomplish this, each course focuses on four key learning objectives: improving business acumen, enhancing strategic thinking, increasing financial understanding, and building leadership and teamwork.

What are the challenges of business simulation? ›

Challenges

For this reason, business simulations are filled with a wide range of challenges, usually in the form of critical decisions with trade-offs: buy vs. build, hire vs contract, lease vs. buy, and many more.

What is BIZ map? ›

BizMAP is a Management Simulation Game created by Sameer Kamat (Founder of MBA Crystal Ball) to test and develop your Business Management Aptitude & Potential (that explains the acronym!).

What is HRM management games? ›

Business Games (or Management Games, Business Simulators) refers to the training method for managers. This form of training is based on an artificial environment that simulates the real situation in the management of the organization, whether it's planning, decision making, control, communications or management itself.

Can you learn from simulator games? ›

It provides learning opportunities for controlled skills practice, without harming the patient. Simulation games can offer learning tasks and instruction in a realistic, engaging computer-based environment, in which trainees directly experience the consequences of their decisions (Sitzmann 2011).

Which simulator game is most realistic? ›

The 6 most realistic racing simulators are:
  • rFactor 2.
  • Assetto Corsa.
  • iRacing.
  • Project Cars 2.
  • Gran Turismo Sport.
  • RaceRoom.

What increases stock price BSG? ›

A rising dividend has a positive impact on your company's stock price (especially if the dividend is increased regularly, rather than sporadically), but the increases need to be at least $0.05 per share to have much impact on the stock price.

What is SQ rating? ›

consumer group, rates the styling and quality of the footwear of all competitors and assigns a styling-quality or S/Q rating of 0 to 10 stars to each company's branded footwear offerings. Currently, the athletic footwear lines of all competitors have a 5-star S/Q rating.

How do you increase ROE in BSG? ›

One way to boost ROE is to pursue actions that will raise net profits (the numerator in the formula for calculating ROE). A second means of boosting ROE is to repurchase shares of stock, which has the effect of reducing shareholders' equity investment in the company (the denominator in the ROE calculation).

How many notes are there in business game? ›

Board game contains 4 Pegs of Different colours, Playing Board, 2 Dice, Rulebook, 26 Property Cards and 2 Blank Cards, 35 Houses and Hotel Pegs, 75 Coins.

How do free games make money? ›

The most obvious way to make money from a free game is to sell advertising space. Advertising may be sold upfront for a one-off charge, or with the advertiser paying a small amount every time someone clicks on their ad, or even every time someone looks at it.

What is a free-to-play game? ›

Free to play (F2P) refers to a business model for online games in which the game designers do not charge the user or player in order to join the game. Instead, they hope to bring in revenue from advertisements or in-game sales, such as payment for upgrades, special abilities, special items, and expansion packs.

What is business simulation round? ›

Participants are broken into separate management teams. Their challenge is to manage and improve a business for several simulated years in a competitive marketplace. During each round participants will: Assess the company's strengths, weaknesses, and current and past performance.

What are the most essential things for business simulation? ›

Business Simulations (are):
  • A form of experiential or active learning. ...
  • Educate better business decision makers and holistic thinkers. ...
  • Complimentary to theoretical education. ...
  • Easy to integrate into business courses. ...
  • Work well in all learning formats. ...
  • Require no IT knowledge or software installation from the educator.
26 Sept 2011

Are business simulations effective? ›

Business Simulations can be highly effective at engaging and motivating students, providing them with an active, hands-on experience they will enjoy learning from.

What are the types of business games? ›

Here's a look at 3 types of business training games that you can choose from:
  • Role Playing Games (RPG) In an RPG, the learners play as a character. ...
  • Decision Making Games. ...
  • Collaborative/ Team Building Games.
13 Jul 2017

Who invented business game? ›

In 1956, the first widely known business game, Top Management Decision Simulation, was developed by the American Management Association (Meier et al. 1969).

How does business simulation help students? ›

In summary, using business simulations in your course will:

Give you the ability to better illustrate theoretical business concepts. Increase student engagement and enjoyment. Improve student knowledge retention, decision making and teamwork skills.

Why are simulations used so widely in so many professions? ›

They are popular among corporate learners because they allow employees to practice their skills and guide them through scenarios in real time. Simulated learning can include images, graphics, and sound to create a game-like environment for the learners.

Which skills can be developed by adopting business games method? ›

The game promotes increase of graduates knowledge, develops interest in a subject, research and creative skills of students, allows to create at the graduate as the general, and professional competences.

What is the meaning of business enterprise simulation? ›

A business simulation is an experiential learning tool where participants learn by running a virtual business in an interactive, risk-free, and realistic environment.

Which games do you play by making teams? ›

Top 50 Team Building Games for Energized Fun Learning
  • 1) Egg Drop. ...
  • 2) Dog, Rice, Chicken. ...
  • 3) Talking in Circles. ...
  • 4) Two sides of a Coin. ...
  • 5) Blind Drawing. ...
  • 6) The Mine Field / Watch your step. ...
  • 7) Three Truths and a Lie. ...
  • 8) Team Birthday Line Up.
10 Aug 2016

What is a fun team building activity? ›

Scavenger Hunt

Split everyone into groups and make a list of fun things to find or do outside your office. Make it each team's mission to find and photograph everything on that list within a certain time limit. The first team to complete each item on the list wins!

What are the advantages of management games? ›

Management games help make learning interactive, enjoyable and realistic with key learning points to take back to the workplace. Games should not be played for the sake of it, or for making the life of a facilitator easier.

What is Business Simulation round? ›

Participants are broken into separate management teams. Their challenge is to manage and improve a business for several simulated years in a competitive marketplace. During each round participants will: Assess the company's strengths, weaknesses, and current and past performance.

What is business simulation and example? ›

Some examples include heat maps, leaderboards, financial spreadsheet reports, and live presentations. Process and Outcome-focused. Simulation-based learning is both about the learning process and the result. The process typically involves dialogue, competition, and cooperation and is driven by the participant's actions ...

How do you increase ROE in Battlestar Galactica? ›

A second means of boosting ROE is to repurchase shares of stock, which has the effect of reducing shareholders' equity investment in the company (the denominator in the ROE calculation), thus producing a higher ROE percentage.

What are the challenges of business simulation? ›

Challenges

For this reason, business simulations are filled with a wide range of challenges, usually in the form of critical decisions with trade-offs: buy vs. build, hire vs contract, lease vs. buy, and many more.

What are the most essential things for business simulation? ›

Business Simulations (are):
  • A form of experiential or active learning. ...
  • Educate better business decision makers and holistic thinkers. ...
  • Complimentary to theoretical education. ...
  • Easy to integrate into business courses. ...
  • Work well in all learning formats. ...
  • Require no IT knowledge or software installation from the educator.
26 Sept 2011

How does simulation help in decision-making? ›

Simulation provides a tool for making and testing such decisions that in turn make the results trustworthy, reliable and accurate which is obviously crucial for decision makers.
...
SMART Decision Making
  1. Specific or Strategic.
  2. Measurable.
  3. Achievable or Attainable.
  4. Relevant, Realistic, or Results-based.
  5. Time-bound or Testable.
27 May 2020

Are business simulations effective? ›

Business Simulations can be highly effective at engaging and motivating students, providing them with an active, hands-on experience they will enjoy learning from.

How does a business simulation work? ›

Business simulations are a hands-on, interactive learning experience that allow participants to truly engage in the material. Instead of focusing on theoretical knowledge like in a typical classroom, participants build skills, improve conceptual knowledge, and gain a big picture view of the organization all at once.

What is virtual business simulation? ›

A business simulation is an experiential learning tool where participants learn by running a virtual business in an interactive, risk-free, and realistic environment.

What is a good ROE? ›

ROE is used when comparing the financial performance of companies within the same industry. It is a measure of the ability of management to generate income from the equity available to it. A return of between 15-20% is considered good.

What causes low ROE? ›

Reasons for Low Return on Equity

One reason is simple because the company isn't doing so well; revenue and profits are low and they face a tough time growing the business. Another reason might be that a company be undertaking a high-priced acquisition and for funding the purchase using a large number of shares.

What increases ROE? ›

If a company has been borrowing aggressively, it can increase ROE because equity is equal to assets minus debt. The more debt a company has, the lower equity can fall. A common scenario is when a company borrows large amounts of debt to buy back its own stock.

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