MGT306 Strategic Management: Simulation Game Report and Outcome

This report provides an executive summary of a business management simulation game experience within the context of MGT306 Strategic Management. It details the learning process, emphasizing the practical application of business concepts through simulation gaming. The report covers key aspects of the game, including ship purchase rationale, competitor analysis, buying and selling strategies, profit and loss management, and loan repayment approaches. It further explores the operational details of the simulation, highlighting the understanding of day-to-day business operations gained through the game. A self-reflection section offers insights into the learner's personal growth and understanding of business management principles, particularly the importance of resource management and demand-based profit-making. The conclusion summarizes the key dimensions of business learning and innovation facilitated by the simulation, emphasizing its role in providing both theoretical and practical knowledge.