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Friday, March 13, 2015
WORKSHOP ON COMPUTER BASED BUSINESS SIMULATION @ NCM
Venue: Narmada College of Management
GTU in association with Rathgeber & Partner-GmbH – Germany
has intended to launch a computer based Business Simulation Course for the
management students of semester-3 as a part of MBA Curriculum. The students
having the hands-on practice of this software in Semester III, it can be very
well utilized in Semester IV in their practical projects like GCSR and CP.
Students will be asked to make and analyses of various
strategies related to Finance, Marketing, HR or Production etc. with the help
of this Business Simulation program. It gives various hypothetical situations,
options and alternatives to the students to analyze the business strategies
with the help of this software. This is a very useful program for Management
students, which provides student an opportunity to participate in the process
of analyzing complex, industry-defined problems, requiring short, medium and
long-term planning in a realistic environment under a risk free environment.
The main Strategic decision fields are marketing, production, logistics and
finance a. As a first step of this initiative, GTU is going to train the
Faculties of MBA for this particular course to let them understand the basic
structure and fundamental technicality of the course.
As a part faculty orientation, the company organized the
orientation programme at various locations. Narmada College of Management was
selected as the as the venue for South Gujarat Region. On 25the February 2015,
the program was held during 10.30 to 13.30. 14 Faculties from various
Management colleges of South Gujarat Region participated in the workshop. The
list of participants is enclosed with this report.
The simulation program has the following advantages
& activity based program enhances the Managerial skills, decision making
skills, can develop critical thinking skill, increase entrepreneurship ability,
increase department integration knowledge, experience the real industry set up
and run activities
experiment multiple theory for Industrial Entrepreneurship
confidence level before joining industry
wide student community accepted program as part of their curriculum
& recommended for the students of Management, Business & Engineering.
study coverage of domain. (Marketing, Finance, H.R and Production)
Certification from Rathgeber & Partner –GmbH
to Trainers for execution of the program and technical Support
The workshop flow was as follows…
a)Introduction of Business Simulation
b)Presentation with program Features
c)Practical Demonstration of the program & its
d)Question Answer Session
During the Question Answer Session, various suggestions were
given by participating faculties as follows.
Simulation Activity can be introduced in semester 2 as a part
of subject – Management Information System.
And along with that we can give them learning on various functional
departments. By doing this, we can enable students to make use of BS in SIP
where they will be working with organizations and real time problems.
S. H. Mistry
Two day FDP [0.5 Day for orientation; 1 day for playing
through simulation; 0.5 day for Analysis] should be organized. The Business Simulation can be offered as an
elective in semester III. We can allow the test round (free) as a tool for
awareness and also for the priming the students.
-Dr. Ravi Vaidya
FDP of two days should be conducted and practice is needed to
have hands over the Business Simulation.
-Prof. Prabin Chandra Padhy & Prof. Parag
Business Simulation must be linked with core subjects in Semester
2 & then in consequent projects and further subjects in next semesters.
Less teaching through books should be practiced & Game based learning
should be introduced.