Experiential Learning Through Business Simulation Game in Strategic Management

20th Annual Convention of Strategic Management Forum, “Strategy, Innovation and Entrepreneurship Curriculum in the Era of Disruption”, 25-27 December 2018, Indian Institute of Management Tiruchirapalli ( IIM Trichy).

6 Pages Posted: 17 Jan 2019

See all articles by Sandeep Vij

Sandeep Vij

DAV University, Jalandhar

Rajnish Sharma

Punjab Technical University - CT Group of Institutions

Date Written: December 26, 2018

Abstract

This paper discusses the use of business simulation games in the strategic management domain. Business simulation games have many attributes of effective learning environments, as suggested by experiential learning theory (ELT) e.g. business simulation games include reflective observation and experimentation through iterative decision making, complexity, and learning by trial-and-error etc. Business simulation exposes the participants to decision making situations in a real-world setting. By overcoming challenges that business simulation games contain, students evolve the capacity to make quick and effective decisions, even to predict future business events and their possible outcomes. Business simulations are very effective in facilitating strategic management learning. The evidence favours business simulation over other pedagogical tools with respect to retention of what is learned. Therefore, integration of business simulation games with the strategic management courses is highly recommended.

Keywords: Experiential Learning, Business Simulation, Pedagogy in Strategic Management

JEL Classification: M1, M3

Suggested Citation

Vij, Sandeep and Sharma, Rajnish, Experiential Learning Through Business Simulation Game in Strategic Management (December 26, 2018). 20th Annual Convention of Strategic Management Forum, “Strategy, Innovation and Entrepreneurship Curriculum in the Era of Disruption”, 25-27 December 2018, Indian Institute of Management Tiruchirapalli ( IIM Trichy)., Available at SSRN: https://ssrn.com/abstract=3311611

Sandeep Vij (Contact Author)

DAV University, Jalandhar ( email )

Jalandhar-Pathankot National Highway
NH44
JALANDHAR, Punjab 144012
India
919876045957 (Phone)

HOME PAGE: http://www.davuniversity.org

Rajnish Sharma

Punjab Technical University - CT Group of Institutions ( email )

Jalandhar, Punjab
India

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