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In: Operations Management

1. Describe the impact of internalization in the (BSG Game) simulation?

1. Describe the impact of internalization in the (BSG Game) simulation?

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Expert Solution

These BSG games are specially deigned to focus on the concepts to improve and upgrade business by taking your natural aptitude to some solve some strategies.Let us discuss top three reasons on impact of internalization in business simulation games-:

1)Learn without any risk and uncertainty-:Business games works on the concept of "learn by doing" as you can have failures and learn from them, get lessons from it.It can make you learn many skills about the business and how to think strategically about concepts of business and learn to handle tough situations more easily in real life as BSG is considered to be an excellent tool to practise real world business decision managing skills and everything risk free,you can try out new strategies and try it and get results etc.

2)Competitive Environment among students-As almost all of the students are familiar with the concept of multiplayer games and can play with people across the globe.These online BSG games helps student to create his virtual company and run it and complete his/her company around the world with real life people and can have tough competitions in the same market as teams can get form anywhere and create much loaded competition between different students.At early age only,students can learn to deal with the competition while running a company and taking various steps to deal with it.

3)Applications of Things you have learned-Another advantage of BSG games are you can apply all the theories and strategies that you have learned in class and get know how the process works and get real-time feedback of that theory.Students can practise very number of unique strategies in very less time and conclude which works best for the company.

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keosha answered 3 months ago
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