We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.
Finance

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

What Is a Business Game?

Gerelyn Terzo
By
Updated: May 17, 2024
Views: 8,544
Share

A business game, which may also be referred to as a business simulation, has its roots in the military. Historically, the armed forces has used practice exercises to train soldiers on how to react to certain conditions before they enter any real combat. In business, appropriate tactics are similarly employed to prepare an organization or student body for some of the competitive and organizational circumstances that seek to threaten their effectiveness. The use of a business game defensively prepares the participants for what potentially lies ahead so that users have the necessary skills to succeed when virtual circumstances become reality.

There are different applications for a business game where the strategies can be effective. A university setting is a common place where these activities might be used, either in an undergraduate program or throughout business school. In a business simulation, students might use the strategies learned in an economics course to make virtual decisions for a business. Games might also be tailored for a specific industry, such as transportation or agriculture, which adds relevance to the content used in the exercises. Typically, business simulations are electronic and can be performed on a computer or mobile device, although live debates and competitions can occur too.

Online game programs are useful and relevant, but there is another way in which business games can be integrated into a training program. Business games extend to live events, such as tournaments, where participants compete with one another across campuses or corporate divisions. These activities promote leadership and team-building initiatives that can similarly be applied in the workforce. Live business games celebrate the spirit of competition and could enforce the merits of ethical behavior. Games can also provide a glimpse into the reality of competition and some of the common challenges that can occur.

A business game that is used in a corporate setting may create a relaxed atmosphere, but there is likely a very serious intention for the activity. Employees might be presented with a set of realistic conditions and asked to respond. The features in a business game are designed to simulate real life, and subsequently, participants should expect to be faced with limitations and unexpected distractions. An electronic game could interpret the participant's response to situations to gauge the likely outcome. The application could go a step further to outline how such a response, initiated by an employee, might affect financial performance at a firm.

Share
WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Gerelyn Terzo
By Gerelyn Terzo
Gerelyn Terzo, a journalist with over 20 years of experience, brings her expertise to her writing. With a background in Mass Communication/Media Studies, she crafts compelling content for multiple publications, showcasing her deep understanding of various industries and her ability to effectively communicate complex topics to target audiences.

Editors' Picks

Discussion Comments
Gerelyn Terzo
Gerelyn Terzo
Gerelyn Terzo, a journalist with over 20 years of experience, brings her expertise to her writing. With a background in...
Learn more
Share
https://www.wisegeek.net/what-is-a-business-game.htm
Copy this link
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.