University Simulation Game Report: MGT306 Strategic Management

This report details a business simulation game, Gazillionaire, where the student played in a group, buying and selling properties across different planets. The game involved purchasing spaceships, competing in the marketplace by managing profits and losses, and considering loan impacts and property values. The report outlines the strategies used, including spaceship selection, loan management, and property investment, as well as the profits and losses incurred. The student reflects on the lessons learned, such as the importance of strategic adaptation, financial management, and dealer negotiations. The report concludes with insights into developing successful business strategies and gaining a competitive advantage in the marketplace.

0PROPOSAL ON THE SIMULATION GAME
PROPOSAL ON THE SIMULATION GAME
Name of the student
Name of the university
Author note

1PROPOSAL ON THE SIMULATION GAME
Executive summary:
This report has been based on the description on the strategies which have been applied for
completing the business simulation game known as Gazillionaire. A group game has been
played and the focus has been to buy the properties at different planets. Spaceship has been
purchased for reaching the planet and then, the group members competed with each other for
enhancing their position in the marketplace. The position in the market place has been
decided by calculating the profit and loss that has been incurred by each player. Moreover;
the factors of loan and the selling prices of the properties also have impacted the position in
the marketplace in the game. The group member who has managed to remain in the top
position at the end of the game has been selected as the winner.
This has been an extremely interesting game and different strategies have been used for
conducting the trade with the aliens of the game. The simulation game has helped in learning
about the basic business strategies which can be applied for enhancing the possibility for
profits. Therefore; there has been a tough competition among the team members for
implementing some useful strategies in the vision of emerging as the winner. The game has
been played in the beginner level so that it would be possible to learn about the strategies and
then to apply those in the game without difficulties. Profits from each week determined the
strategies that were developed for the following weeks. In this way, the group members have
been able to advance in the simulation game.
After discussing about the strategies and the result of the game, a self-reflection has been
highlighted in this report as well. The self-reflection has been based on the lessons that have
been learned by playing this business simulation game within a group. It helped to understand
about the strategies that can be applied in the future while developing some important
business strategies for the organizations.

2PROPOSAL ON THE SIMULATION GAME
Table of Contents
Introduction:...............................................................................................................................3
A brief outline of the simulation game:.................................................................................3
Outline of the report:..............................................................................................................3
Details of the game:...................................................................................................................4
Ship purchased:......................................................................................................................4
Name of the competitors:.......................................................................................................4
Strategies that have been used:..............................................................................................4
Profits and losses:.......................................................................................................................5
Position in the market place:......................................................................................................8
Self-reflection of the game:......................................................................................................10
Conclusions:.............................................................................................................................11
References:...............................................................................................................................12

3PROPOSAL ON THE SIMULATION GAME
Introduction:
A brief outline of the simulation game:
The business simulation game which is known as Gazillionaire is based on a
simulated environment in which the players can buy the properties, maintain those and then,
they can sell those properties for gaining profits. Loans can be taken for developing the
properties ("Gazillionaire - Business Simulation Games Best Money Financial Sims", 2020).
Players need to deal with the aliens of various planets to whom they can sell their properties.
In this way, they can buy, sell and maintain the properties in various planets. First of all, a
suitable spaceship is selected which can help in taking the players to the intended planets. In
this aspect, the choice of the spaceship is an important factor which can help in implementing
the strategies for choosing the proper properties in the planets. Each player needs to wait for
the other players in the group for competing with each other. In this way, when a group is
formed, then the players can compete with each other for emerging as the winner of this
simulated business game. After buying the suitable properties, the next strategy is to keep the
maintenance cost. These include the remunerations of the employees and other business
expenses.
Then, the players can sell the properties to the dealers, when the stock of their properties
becomes higher. The group member, who can maintain the highest balance money in the
stock at the end of the game, tops the market place and eventually becomes the winner of the
game. Even, the simulation game also displays the profits and losses for each player and thus,
the players become aware of the strategies that they need to implement for gaining
competitive advantage over the other players in the group (Levant, Coulmont & Sandu,
2016). Weekly profits for each player are also displayed in this game and then, the players
also become aware of the ticket price for reaching the next planet in the game. Players also
become aware of the position of the company in the stock market which given an added
advantage on developing the game strategies.
Outline of the report:
In this report, the used strategies in the game will be described in details and then, a
detailed description will be provided regarding the outcomes from the game. This will also

4PROPOSAL ON THE SIMULATION GAME
include the self-reflection about the learning outcomes from the game that has been
completed.
Details of the game:
Ship purchased:
The ship that has been purchased helped in accommodating 8 players and therefore; it was
adequate enough to ensure progress of the game. The passenger capacity of the ship is 8 and
the ticket price has been low as well. Moreover; it was possible to reach the planets in a high
speed with the help of this spaceship. This was the reason it was identified that this spaceship
is suitable for reaching the planets with success.
Name of the competitors:
The names of the competitors are C3PO Inc., Gizzy Shipping, Trading Corp. IV, Vandergriff
Ltd., Puffer Inc., Roke Transport and Hoff Meister. All the competitors had the net worth of $
120,000 after the end of week 1. None of the competitors were bankrupt either after the end
of week 1. The focus has been to identify the proper properties in the planets and then,
according to the budget, it was decided about which properties to buy. The focus was to
manage the fund successfully for managing the business requirements.
Strategies that have been used:
In the process of progressing in this business simulation game, the first strategy was to
choose a proper spaceship for reaching the first planet. Each player got the turn for
completing their activities on each planet and then, the scenario of marketplace in the planet
was identified. The focus was to keep as much balance as possible so that the properties
could be maintained with perfection. The focus was also to repay the loan amounts as early as
possible so that the debt becomes lower. This was an important strategy to emerge as the
winner of the game (Ertz, 2016). Then, the other planets were also explored for identifying
the suitable properties for buying. Along with this, suitable dealers were also identified to
whom the properties could be sold at a suitable price. This was a strategy to increase the
balance amount as much as possible more than the other competitors. The aim was to earn as
much as possible to emerge in the top position of the marketplace and also to emerge as the

5PROPOSAL ON THE SIMULATION GAME
winner in a single planet before aiming for the properties in the other planets. In this way, the
simulation game was approached by the members of the group.
Profits and losses:
The organizations were also ranked according to their wealth and it was identified that the
organization which will reach 5000,000 kubars would win the game. Therefore; the aim was
to reduce the loan amount and to make the balance positive so that the target could be
reached quicker than others. At the middle of the game, a fire broke in the warehouse,
however; luckily no financial losses took place. While visiting the Stye planet, enough funds
was not present which was required to pay the facility fee. Therefore; loan was taken from
the trader’s union.
The loan amount was 110,946 and of 4% interest per week.

6PROPOSAL ON THE SIMULATION GAME
After paying the fees, the cash amount that remained was 3,526. The focus was also to pay
back the loan amount to the lenders as early as possible so that next loans could be availed for
buying properties on the new planets. However; it was also important to keep some cash
amount enact for managing the expenses.
The next strategy was to buy the materials for maintaining the properties and thus, the
amount of materials was selected according to the available balance in the stocks.

7PROPOSAL ON THE SIMULATION GAME
Insurance of the properties was also made and thus, insurance agents were selected in
accordance with the available stock amounts.

8PROPOSAL ON THE SIMULATION GAME
The availability of the stocks in the properties of each planet was given and therefore;
strategies were made to fill up the stocks so that the properties could be maintained
effectively. In this way, the focus was to increase the value of the properties so that those
could be sold at higher prices than the properties of the competitors (Hendrix, 2016). This
was a valuable strategy to emerge as the winner of the game and the stocks were increased
and further, there could be a rise in the position of the marketplace in each planet as well.
Position in the market place:
At the end of the 2nd week, Milan Pvt. Ltd, topped the chart and also in 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.

9PROPOSAL ON THE SIMULATION GAME
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.

10PROPOSAL ON THE SIMULATION GAME
At the end of the 7th week of the game, Trading Corp. IV led the chart and emerged as the
winner. The balance for each company was negative due to the loan amount that was taken.
Therefore; the marketplace for each group member has been shown and it can be seen that the
marketplace varied with the end of each week of the game.
Self-reflection of the game:
From the game, it has been learnt that the difficulty was to repay the loan and to approach to
the next step. The main reason is that with the increase of the loan, the balance also became
negative. It has been also learnt that it is important to increase and maintain the profit with
the progress of the business. With the increase of profits, it becomes possible to increase the
value of the properties as well (Bach, Zoroja & Fasnik, 2017). Therefore; the strategy always
needs to be based on gaining the profits from the business as much as possible. From the
game, it has been also assessed that it is important to change the strategies with the progress
and requirements of the business. This is important in order to ensure that the challenges from
the competitors are properly handled to become successful in the business (Mustafa, Alexe &

11PROPOSAL ON THE SIMULATION GAME
Alexe, 2017). Therefore; from this game, some new strategies have been identified which can
be useful in the future while developing strategies for the real businesses.
From this simulation game, it has been learnt that it is always important to keep enough fund
for maintaining the business and the stakeholders associated with it. Along with this, I have
also learnt to develop strategies for dealing with the traders. Through this game, it has been
possible to identify the steps by which the dealers can be approached and the process by
which the dealers can be convinced to buy the properties. I have analyzed that it is important
to maintain the stocks or the resources of the business so that the business activities can be
maintained successfully. In this way, it has been possible for me to gain a significant
overview of the strategies that can make a business successful and the steps that are necessary
for gaining the competitive advantage.
Conclusions:
This paper thus described the strategies that have been undertaken in this business simulation
game. Along with this, it has been also identified that the game helps in establishing and
maintaining the business strategies which can help in gaining some significant profits in the
business. The strategies and profits for the weeks have been identified and described in
details. At last, the focus has been to assess the lessons that have been learnt by playing this
business simulation game. This has been depicted by providing a detailed self-reflection
about the game that has been played. Therefore; through this game; it has been identified that
simulation can be an extremely effective technique which can help in understanding the
methods which can help in making a business successful.