Online Business Game

For a generation that was raised on video games, the latest online offering for business students, trainees and executives seems to be the perfect fit. An online business game is known as a simulation in which anyone can create and then manage their own business.

Once you have a business and have chosen an industry, you go up against other players in a heated competition for market leadership and shareholder value in a simulated version of the economy that takes place in real-time. Though the games were originally developed to aid students and corporate trainees, many top executes find them challenging and instructive.

Two of the most popular business simulation games are called IndustryPlayer and IndustryMasters. Both games are currently available online and offer free downloads to new players. In the last few years, their popularity has grown exponentially as tens of thousands of businessmen have begun to compete.

Online Business Game Editions

These business simulation games generally come in two versions: The Campus Edition and the Corporate Edition. As you might expect, the campus edition is recommended for undergraduate business and engineering students and may even be used by MBAs.

Whereas the Corporate Edition is designed for employee training purposes, recruitment or even for advanced corporate learning and trained executives.

The Online Business Game

Whichever edition you decide to play, the rules are generally the same - you will compete in a virtual economy against other players of varying experience in your chosen industry.

For example, you may choose to compete in the automotive, aerospace, electronics or agriculture industries. Whatever your particular field of interest or experience, that is most likely the industry your will perform best in.

This simulation is more involved than others you may have experienced. It might help to view it as a flight simulator like those used by Air Force or Navy trainees. In short, it is amazingly realistic and pays close attention to market strategies and trends.

The first thing a player is expected to do is to come up with a coherent market strategy that will help him compete in his/her industry. After that, players are expected to build their companies from the ground up while at the same time keeping a close eye on the other players in the industry.

On an ordinary day you will be competing against hundreds of players from around the world. Each competitor brings a different level of experience to the table, which is what makes the game so realistic.

Playing Online Business Game

The goal of the game is to capture profits and market share. Even though most business simulation games do involve complex techniques and strategies; that is no reason for the tyro to be intimidated. As we mentioned, many games offer a free trail download that comes complete with game tutorials that will help you get started.

From thereon in, however, you are on your own. Each game is designed around a number of issues and dilemmas that managers customarily confront in the business world. It is the player that is best able to handle these problems that will excel.

One of the great things about these simulations is that they are available to play twenty four hours a day, so you can always find a way to work them into your busy schedule.

Online Business Game - Practical Application

The proof is in the players. Over the last few years business schools, companies and even executive training programs have utilized these simulations in order to train future and current managers. They believe that these games help employees raise their business IQ and help them develop and sharpen their competitive business skills. After all, simulation games are used to train Navy and Air Force pilots, why not businessmen?

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