Tuesday, January 1, 2013

The Role of Management Games in Education and Research by Kalman J. Cohen and


The Role of Management Games in Education and Research by Kalman J. Cohen and
Eric Rhenman


In their research, Cohen and Rhenman shows both the present and the potential role of management games in education and research.

 Management game is simulation exercise designed for management applications and used for training purposes. Management games can be group or individual exercises.A whole lot of people of all age groups consider playing on the management games as the most favrotite method of learning.

Both simulation and management games are mathematical models, but they differ in purpose and mode of use. Simulation models are designed to simulate a system and to generate a series of financial and operating results regarding system operations. Games do the same thing except that in games human beings play a significant part; that is, participants make decisions at various stages. The major goals of the management game are: (1) To improve decision-making and analytical skills.
(2) To develop awareness of the need to make decisions lacking complete information.
(3) To develop an understanding of the interrelationships of the various functions of business (accounting, finance, marketing, production, etc.) within the firm and how these interactions affect overall performance.
(4) To develop the ability to function cooperatively and effectively in a small group situation.
Management games offer a unique means of training accountants and have been used successfully as an executive training device.
in their article, Cohen and Rhenman firsly
we first try to characterize the present development of these games. They discuss the differences between general and functional business games are discussed. Present uses of management games as a teaching device are surveyed and evaluated.

They search the advantages of the potential use of management games as a laboratory for business and social science research.

Here is an example of management game:

 

 

 

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