Friday, December 6, 2013

Business Simulation Games - Game?

Happy Holidays World!

'Business Simulations'. Is this the same as a 'Business Simulation Games'? Simple answer is: Yes. Business Simulations and Business Simulation Games are basically the same thing. In reality, these are both a game (usually) and are based on basic game theory principles. Thus, if you see something that says business simulation game, this doesn't mean its a game in the sense its childish. Quite the opposite. A business simulation game could be one of the most advanced business modeling simulations you'll ever come across.

A Business Simulation Game is the Same as a Business Simulation



The military seems to be far more comfortable with using the word 'game' than the business world. The military has many more years utilizing games and simulations for real world purposes. This may be the reason they are perfectly comfortable using the word game when mixed with simulation. The business world is a little more hesitant due to the perception that it is childish. A business simulation game is not childish at all. Business simulation games can challenge the most seasoned business executive without much difficulty.

Thus, if you're ever in a conversation and someone says, "Business Simulation Game", you needn't worry about the validity of the conversation. This is perfectly ok.

Just another tip on business simulation naming conventions which is as confusing as ever.

Hope this helps.

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