The Business Simulator – An Essential Tool for Developing Managerial Competencies to Students in Economics

Mihai Cercel (), Dorel-Mihai Paraschiv () and Ramona Tartavulea ()
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Mihai Cercel: The Bucharest University of Economic Studies, Romania
Dorel-Mihai Paraschiv: The Bucharest University of Economic Studies, Romania
Ramona Tartavulea: The Bucharest University of Economic Studies, Romania

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2013, vol. 14, issue 2, 222-228

Abstract: This study aims to analyse a project (POSDRU/90/2.1/S/63442) developed by four Romanian universities and financed by the European Social Fund from the perspective of developing managerial competencies to students in Economics. The main objective of the project is to prepare the transition of 3840 students from school to active life through the creation of an integrated inter-regional network of simulated virtual companies. A secondary outcome is that the project is seen also as a business modelling process in which students are familiarized with the requests of different positions in a company and better understand their compatibility. The simulated company permits to test different business decisions, by applying them into a computer simulated environment and learning by interpreting the results. The results are encouraging and we intend to use this tool extensively within the educational process of students in Economics.

Keywords: e-learning; managerial competencies; professional development; simulated business environment; simulation software. (search for similar items in EconPapers)
JEL-codes: A23 M10 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:14:y:2013:i:2:p:222-228

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