MGT306 - Strategic Management: Gazillionaire Simulation Report

This report analyzes a simulation game of Gazillionaire, a business simulation game used in the MGT306 Strategic Management course. The report details the game's mechanics, focusing on buying and selling goods to maximize profits within a competitive business environment. It outlines strategic decisions made throughout the game, including supply chart analysis and market trend observations, specifically noting periods of hikes and falls in the market. The report highlights how the game helped develop economic concepts like capitalization, profit margin, and problem-solving skills. It concludes with a successful strategy and recommendations for future game play. References to relevant literature on business simulation games are included.

Simulation game of Gazillionaire
MGT306 - Strategic
Management

Gazillionaire
• Gazillionaire is a type of simulation game
which is related to business. It has won many
awards. In this game, the user tries to buy at
low rates and sell at higher rates. The player
can run his own trading company and can
work in a business environment which has
various competitors. The game includes the
development of a business strategy to win.

Week 3
• A good hike is observed.

Week 4

Week 5
• A fall is observed.

Week 6

Week 7

Week 8
• A good hike is observed.

Week 9
• A good hike is observed.

Week 10
• A fall is observed.

Week 11
• A good hike is observed.

Conclusion
• The strategy chosen works good. The economic
concepts such as capitalization, profit margin,
overhead cost, compound interest get developed by
playing this game. The complicated scenarios created
help to develop good problem solving skills. A regular
feedback is given for any action of the user and helps
him to develop the entrepreneur abilities. It is
basically a goal – oriented re-enactment of the real
world scenarios in the form of a simulation game.