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.
(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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