SIMULATED ORGANIZATIONS AS A MODERN MEANS OF STUDENT PRACTICE

Vasile Deac and Mihai Vrincut

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2016, vol. 10, issue 1, 161-169

Abstract: The current economic situation, determined by the new economic and financial context, namely the post crisis period we are facing, the acceleration of globalization, internationalization of companies, increased market interdependence places most economic organizations in a context of “economic war. Universities make no exception. Faced with such a situation, the organizations that will come out victorious will be those whose management demonstrates imagination and creativity to find better suited progress solutions aimed at increasing the organization’s competitiveness. It is the opinion of the authors of this paper that student practice for economic universities’ students should take into consideration a new method, which is practice through simulated organizations, since simulated organizations offer their participants training in: the use of computers; human resources management; accountancy; marketing and sales; entrepreneurship. It is our belief that such a strategic move could ensure the competitive advantage of the universities who undertake it.

Keywords: higher education; competitive advantage; differentiation; simulated organization; student practice. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:10:y:2016:i:1:p:161-169

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