Business simulation research paper

European entrepreneurship education must strive to keep up with the USA, where the quasi-totality of Business Schools uses simulations as a main tool of teaching entrepreneurship. In our paper, we refer to different methods and in detail; we discuss the business simulation tool PLANET.

The vast majority of models used in the operations research and operations management field, for example, fall into this category. productivity, material handling, etc. will impact operations (positively). If predictions turn out as expected, then there is more impetus to try such changes in the real system.

A realistic simulation of business processes, business simulations are especially suitable for the training of management and leadership skills. outcome as well as the improvement of analytical skills and team communication. Two types of 1. Case studies that are presented in the form of Excel examples to students and 2.

Simulation is a research approach aiming at imitating process behaviour that combines both the deduction and induction [Banks et al., (2001), p.11; Axelrod, 1997]. Simulation may be based on available literature and insights that build basic model ( Gilbert and Troitzsch, 2005), and can be performed with the use of various methods ( Dooley, 2002 ).