The purpose of this game is to provide an opportunity to learn the ins and outs of a retail business. You will be able to apply your theoretical knowledge into practice and develop necessary skills to operate a successful retail company.
You will have to manage three apparel stores. All three stores are located in regions of a high wealth index. The quality and brand of the merchandise plays the most important role in managing of your retail business, thus you will have to devise the right strategy to outsmart your competitors, who offer products at more affordable prices.
Who might be interested
Students, professionals, entrepreneurs, individual learners.
What Will You Learn
During the course the participants will be involved in these activities and business processes:
- Retail business management.
- Marketing – all 4Ps, market analysis, pricing, product mix, etc.
- Strategic Management.
- HR management.
- Business planning.
- Business expansion.
- Supply chain management.
The course is primarily focused on the development of such skills as:
- Management skills.
- Decision making.
- Analytical skills.
- Strategic and systematic thinking.
There are two intensity formats of this game -intensive (hourly game turns) and classic (daily game turns). Based on that you can plan how much time you can devote for working in the simulation environment.
Participants can access the game from any computer with internet connection and internet browser. The number of participants is unlimited.
|Participation||Individual / Team|
|Duration||up to 3 days / 1 month|
|Number of turns||up to 72 / 30|
|Turn intensity||Every clock hour / every 24 hours|
|Materials||Materials in pdf format|
Module 1: Individual game. Introduction.
- The goal of the game.
- The business.
Module 2: Hint questions.
- Supply chain.
Module 3: Assess your competences.
- The results of your retail business at the end of the game.
- Financial results of your stores.
- Self- assessment.
Head of Product Development at Simformer
Certificate of Completion
Digital Certificates may be placed on the participants' personal profiles in LinkedIn.
Simformer Business Simulation is a multiuser business simulation environment, accessible through any browser. Every participant (or a team of participants) run their virtual company. The company may consist of various subdivisions: from extracting and processing natural resources to producing finished goods and selling them to end users. Depending on the simulation settings for a particular case, at the beginning the participants receive a pre-configured company or just money fund. During the game, the participants can open a variety of subdivisions (the range of subdivisions depend on the simulation settings). Managing of subdivisions includes all key business processes and functions: HR, production, marketing, sales, logistics, strategic management, finance, supply, etc. The actions of all participants are repeatedly processed by the system, depending on the frequency of business simulation turns. The Intensive mode is hourly turn- based, the Classic mode is daily turn-based. The unique feature of Simformer Business Simulation is that the game world is not predetermined by algorithm. The participants have impact on the changes on the market, which in turn influences the actions of the participants. In addition, all participants are interconnected: they buy and sell the goods, equipment and raw materials to each others. These actions create lifelike market environment with its risks and uncertainties.
Login on Simformer platform, using the login and password, which you received during the registration. Select the relevant course in the left treeview menu.
In order to enter the simulation, click on the «Enter Simulation» link.
Simformer Business Simulation can be beneficial to a wide range of participants: university professors, instructors, students, entrepreneurs, managers, e-learning specialists, business coaches and trainers.
The participants should have computers, web-browsers, internet connection; they need to be registered users or be a part of a registered team.
The participants can spend unlimited amount of time in the simulation. In fact, you would need to spend as much time as possible to develop your successful virtual business.We also recommend testing your abilities in the business simulation before starting to play and become familiar with video guides, rules and other materials.
Login on Simformer platform, using the login and password, which you received during the registration. Select the relevant course. Watch the simulation video guide. In addition to that, there are a number of hints that could be found in the simulation, which will help you to select the required number of employees, necessary equipment, salaries, etc.
Your virtual business will be interconnected with the virtual businesses of other participants; you will purchase and sell equipment, raw materials and finished goods.
The actions of all the paticipants are processed by the system with a certain intensity, depending on the frequency of simulation turns.
In order to share one company, the participants have to divide into teams. The team uses one login and password to manage the virtual company. It is possible to access the simulation from one or several computers. All team members see the same functions in the simulation. Therefore, the participants must coordinate their decisions with each other, delegating the responsibilities and duties (e.g., subdivisions) or business functions (CEO, marketing, finance, HR, manufacturing, etc.).
No, but the Certificate of Completion can be used to demonstrate your interest in learning about this area to potential employers or educational institutions. It can also be uploaded to your social networking sites.
Business game - Premium Retail, Intensive
- Brand: Simformer