Company games

economic-dictionary

Company games are tools that facilitate decision-making within a company. These simulate situations that are possible on a day-to-day basis, allowing training of possible strategies in the face of real situations.

Company games, therefore, refer to tools that facilitate decision-making and, therefore, the improvement of the company.

In these, situations that could occur in reality are simulated, encouraging the participants, based on a series of rules and criteria, to make the decision. Furthermore, these decisions are quantitative and qualitative measures to measure their quality.

Features of company games

Among the features that make up company games, the following should be highlighted:

  • They are tools that facilitate decision-making.
  • These measure the quality of the decisions made.
  • To do this, they use these games to simulate a real situation.
  • In this situation, rules are defined that guide participation.
  • The performance of the participants is measured and followed mathematically.
  • For this, ready-made mathematical models are used.
  • Unlike business simulators, measuring the performance of the participants.
  • With the results, the participant acquires a series of knowledge.
  • It favors the study of business management.
  • They are used, therefore, by academia and large companies.

Company games and company simulators

Although, apparently, they seem the same, we must know that they are not. We are talking about two completely different tools, although they maintain similarities that can generate confusion.

Company simulators, in business schools and universities, are tools that allow students to simulate real situations that occur in the day-to-day life of a company. Although it is similar to what happens in company games, they are not subjected to mathematical models that measure, with great precision, the quality of the decisions that are carried out.

In this sense, we must know that company games, in addition to simulating a real situation, present the user with a series of information, which is controlled through mathematical models, with which the user interacts to make a series of decisions.

Origin of company games

Company games, taking into account their antecedents, find many similarities with war games. Some games that were played, around 3,000 BC, in countries such as India or China. These tried to simulate the development of a war, being able to anticipate the strategies.

For this reason, these began to be used again in the interwar period, with the First and Second World Wars. For this reason, its use extends to the business world, when in 1956 the first business management game was developed.

This game is developed thanks to the American Management Association (AMA), which creates Top Management Simulation.

Thus, we have countless company games, which are used by large companies and academic centers on a daily basis. These, like many other tools, allow progress in such interesting fields as business economics and their management.

Tags:  banking bag accounting 

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