MGT306 - Strategic Management: Simulation Game Report

This report provides an executive summary of a business simulation game, Gazillionaire, where players compete in buying, managing, and selling properties across different planets. The report details the strategies employed, including spaceship selection, property acquisition, and dealer interactions. It analyzes competitive advantages, outlines the strategies used by the player, and presents a profit and loss analysis. The report also highlights the player's market position throughout the game, including reflections on the learning experience and the application of these strategies in future business endeavors. The report concludes with an assessment of the lessons learned from playing the business simulation game and its implications for strategic management.

BUSINESS SIMULATION GAME

EXECUTIVE SUMMARY:
 This presentation has described the strategies that
have been used for completing the game.
 The potential strategies have been identified and
their significance has been justified.
 The position in the market place has been decided by
calculating the profit and loss that has been incurred
by each player
 Profits from each week determined the strategies that
were developed for the following weeks.

INTRODUCTION..
 The discussion will be regarding a business
simulation game which is known as Gazillionaire.
 This simulation game is based on the buying,
managing and selling the properties in the planets
("Gazillionaire - Business Simulation Games Best
Money Financial Sims", 2020).
 The aliens in the planets act as the dealers with
whom business trade will be conducted.
 Players in the group compete with each other

OUTLINE OF THE GAME
 Gazillionaire is a business simulation game which
helps in developing business strategies.
 Players in a group use the spaceship for visiting
different planets.
 They buy the properties on the planets and later sale
those while buying properties on other planets.
 Each player needs to wait for the other players in the
group for competing with each other.
 The group member, who can maintain the highest
balance money in the stock at the end of the game,
tops the market place .

STRATEGIES OF THE GAME..
 The first strategy is to find a suitable spaceship.
 Then, it is important to find suitable properties on the
planets.
 The main strategy is to maintain the business
objectives of the properties (West et al., 2018).
 Then, it is also important to increase the stocks of
the properties.
 Then, the properties are sold to the effective dealers
who are the aliens of the planet.
 The focus is to keep as much stock balance as
possible.

COMPETITIVE ADVANTAGE OVER OTHER GROUPS:
 The strategy that has been discussed would help in
managing the fund and loans effectively.
 The strategy to buy and sell the properties is going to
be important as well.
 In case of buying the properties, it is important to
identify the value of those.
 In case of selling the properties, it is important to
deal with some useful dealers.
 Management of the properties is also an essential
element that can help in winning the game
successfully.

COMPETITORS OF THE GAME
 The game consisted of 8 competitors within a group.
 The names of the competitors are as follows:
1. Milan Pvt.Ltd
2. C3PO Inc.
3. Gizzy Shipping
4. Trading Corp. IV
5. Vandergriff Ltd.
6. Puffer Inc.
7. Roke Transport
8. Hoff Meister

STRATEGIES THAT HAVE BEEN USED..
 A spaceship was bought which could accommodate 8
players.
 Then, after reaching the planet, each player waited
for their turn after the completion of the activity of
the other player.
 Loans were taken in order to buy properties in the
other planets.
 Strategies were made to fill up the stocks so that the
properties could be maintained effectively
 Insurance agents were selected in accordance with
the available stock amounts.

STRATEGIES THAT HAVE BEEN USED..
 The organization which will reach 5000,000 kubars
would win the game
 The marketplace was provided based on the money
available to the players after the end of each week.
 Profits and losses have been also counted to develop
the marketplace.
 The focus was to repay the loan amount as early as
possible.
 Higher the loan amount, lower was the stock
balance of the players.
 Therefore; it was important to consider all these
aspects while playing.

REASONS FOR USING THE STRATEGY
 This strategy was mainly used to get the competitive
advantage over others.
 The motive was also to increase the stock balance
as much as possible (Crwoley, Farren & Suilleabhain,
2017).
 These strategies would help the players to
understand the way profits can be gained
 This strategy helped to identify suitable dealers
 It also helped in repaying the loans as earlier as
possible.

PROFITS AND LOSSES ANALYSIS..
 The rule of the game is that the which ever company
reaches 5000,000 kubars at first would be the
winner.
 A loan was taken from the trade union while paying
the facility fee in the Stye planet.
 The loan amount was 110,946 and of 4% interest per
week.
 After paying the fees, the cash amount that
remained was 3,526.
 The loan was taken as sufficient fund was not
present for paying the fees.

POSITION IN THE MARKETPLACE
 At the end of the 2nd week, Milan Pvt. Ltd, topped the
chart
 Milan Pvt. Ltd topped the chart on the 3rd week as
well.
 At the end of week 4, Hoff Meister was the leader of
the market with a balance of -100,333.
 At the end of the 5th week, Trading Corp. IV led the
market place with a balance of -40,783.
 After the end of 6th week, Hoff Meister led the chart
with a balance of -71,666.
 At the end of the 7th week of the game, Trading Corp.
IV led the chart

SELF-REFLECTION..
 This game helped in learning about the effective
strategies that are essential to make the business
successful.
 It has been also learnt that it is important to increase
and maintain the profit with the progress of the
business.
 Through this game, it has been possible to identify
the steps by which the dealers can be approached
 I have also learnt about the process by which the
dealers can be convinced to buy the properties.
 Thus, this game can help me to use the strategies in
my future business as well.

SELF-REFLECTION..
 Through this simulation game, it has been possible to
understand the methods by which financial
challenges can be handled.
 This knowledge would help in managing the finance
in real business as well.
 It has been also assessed that it is important to
change the strategies with the progress and
requirements of the business
 This game can help me to fair well in similar
business simulation games

CONCLUSIONS…
 This presented provided a description of the
simulation game that has been played.
 The strategies and profits for the weeks have been
identified and described in details
 The key strategies and their effectiveness in the
game have been elaborated.
 The focus has been to assess the lessons that have
been learnt by playing this business simulation
game.

REFERENCES..
 Crowley, A., Farren, M., & Súilleabháin, G. Ó. (2017).
Strategy Simulation Games: The Student Perspective
and an Investigation of Employability Competencies
Gained Through the Use of Strategy Simulations in
Higher Education. In E-Learning, E-Education, and
Online Training (pp. 209-221). Springer, Cham.
 Gazillionaire - Business Simulation Games Best
Money Financial Sims. (2020). Retrieved 19 January
2020, from http://www.gazillionaire.com/index.php
 West, J., Chu, M., Crooks, L., & Bradley-Ho, M. (2018).
Strategy war games: how business can outperform
the competition. Journal of Business Strategy.