1PROPOSAL FOR THE SIMULATION GAME Executive summary: In this study, a proposal has been developed which is based on the strategies that are required to be used for playing the simulation game known asGazillionaire. This is a simulation game which can help the players to learn about business management and they can also understand the way the business strategies can be executed in real businesses. Before starting to play the game, it was important to understand the details about the game. The reason is that the game details can help the players to assess the reasons for playing it and the way it can be useful for business simulation. Therefore; in this proposal, the details of the game have been provided. Then, the discussions have been to highlight the strategies that required to be used by the players to win the game. The focus has been to understand the strategies that would be important in the group game. The strategies included the way the properties can be bought and sold effectively for gaining high profit and the way; the properties can be managed in the game. In this way, it has been possible to understand the steps that would be essential for achieving the top position in the marketplace among the other competitors in the group. Strategies also have been developed which are based on selecting a proper spaceship and the processes that would be necessary for dealing with the aliens in the game effectively. In this proposal, the strategies that have been recommended for the players have been justified as well. Business simulation games have become necessary nowadays for understanding the strategies that would be effective in the real businesses. In this aspect, this business simulation game can be extremely useful for the players who are interested for taking up the role of business management in the future. It is also important to develop the business strategies as such that the competitive advantage can be achieved and financial stability of the business can be established with perfection. Hence; it would be important for the players of this game to understand the strategies that have been proposed and these strategies can be extremely useful for them for winning this game successfully.
2PROPOSAL FOR THE SIMULATION GAME Table of Contents Executive summary:...................................................................................................................1 Introduction:...............................................................................................................................3 A brief outline of the game:...................................................................................................3 Details of the strategies to be used:............................................................................................3 Understanding of the game:...................................................................................................3 Strategies to be used:..............................................................................................................4 Reasons for using the strategy:..............................................................................................4 Competitive advantage:..........................................................................................................4 Conclusions:...............................................................................................................................4 References:.................................................................................................................................5
3PROPOSAL FOR THE SIMULATION GAME Introduction: A brief outline of the game: Business simulation games have become the effective tools which can help the business managers or the young entrepreneurs to develop the strategies for their own businesses successfully. These are the games which can provide a simulated environment which in turn can help the players to act successfully in business management (Farooq & Radovic-Markovic, 2017). Similarly, Gazillionaire is a business simulation game which is based on buying and managing the companies in the planets and then to sell those effectively to the dealers for gaining profits. This is in a way to gain competitive advantage over others. This game has the feature of both single player and multi-player ("Gazillionaire - Business Simulation Games Best Money Financial Sims", 2020). In this proposal, strategies will be developed for multi-player or group game which would be played by the players. This game was released in the year 1994 and is known as one of the most successful business simulation games that are played around the world ("Save 25% on Gazillionaire on Steam", 2020). Through this game, players become aware of the techniques of trading with the dealers which are the aliens in this game. Now, some strategies will be outlined in details which need to be used while playing this simulation game successfully. Details of the strategies to be used: Understanding of the game: In this business simulation game, first of all; players select a spaceship which is used for reaching the first planet. Players of the game reach the planet one by one and start buying the properties. Other players wait for their opportunity to come. Loans are taken from the traders for buying or maintaining the properties. Players also need to invest on maintaining the businesses (Levant, Coulmont & Sandu, 2016). Marketplace and profits and losses in each week for each player are shown after the completion of the week. Then, the players can sell their properties in the planet to some dealers at effective prices and then, they can move to the other planets for buying other properties. In this way, they complete trading in all the
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
4PROPOSAL FOR THE SIMULATION GAME planets one by one for completing the game (Lainema, Islam & Lainema, 2018). After the end of all the weeks, the player who has the most capital becomes the inner of the game. Strategies to be used: The first strategy is to buy a spaceship which can be cost effective as well as has more functional features. Then, the next strategy will be to identify the suitable properties which can be brought. This would be selected according to their demand in the particular planet. The focus needs to buy a property in lower cost and to increase the demand of the property among the dealers by managing the business effectively (Hanson, Hooley & Cox, 2017). Factorssuch asfuel requirementsand demandin themarketalso needto be given importance. Then, it will be important to find some dealers to whom the properties can be sold at significant price. It would be important to increase the profits by selling the properties on each planet effectively. Reasons for using the strategy: This strategy will be effective for the players to increase the profits and to repay the loan in time. This would help them to increase their position in the marketplace. Competitive advantage: Competitive advantage can be gained by assessing the market position of the players after the end of each week. This would help in implementing the strategies which can further help in increasing the profit margins effectively. Conclusions: The strategies that have been discussed in this proposal can be extremely useful if the players can assess these properly. Along with this, it would be also important to understand the scope for trading with the aliens of the planets successfully. It will help in achieving the positive results with success.
5PROPOSAL FOR THE SIMULATION GAME References: Farooq, M. S., & Radovic-Markovic, M. (2017). Impact of business simulation games on entrepreneurialintentionsofbusinessgraduates:aPLS-SEM approach.ORGANISATIONAL BEHAVIOR AND TYPES OF LEADERSHIP STYLES AND STRATEGIES IN TERMS OF GLOBALIZATION, 11. Gazillionaire - Business Simulation Games Best Money Financial Sims. (2020). Retrieved 19 January 2020, fromhttp://www.gazillionaire.com/index.php Hanson, J., Hooley, T., & Cox, A. (2017). Business games and enterprise competitions. What works?. Lainema, T., Islam, A. K. M., & Lainema, K. (2018). Assessing the potential learning from simulation games. Levant, Y., Coulmont, M., & Sandu, R. (2016). Business simulation as an active learning activity for developing soft skills.Accounting Education,25(4), 368-395. Save25%onGazillionaireonSteam.(2020).Retrieved19January2020,from https://store.steampowered.com/app/1169100/Gazillionaire/