Commercial and financial policies in family firms: The Small Business Growth Management Flight Simulator

Carmine Bianchi and Enzo Bivona
Additional contact information
Carmine Bianchi: Universities of Foggia and Palermo, Italy
Enzo Bivona: University of Bergen, Norway

Simulation & Gaming, 2000, vol. 31, issue 2, 197-229

Abstract: An interactive learning environment (ILE) was built to reproduce the budgeting process of a small family-owned entrepreneurial firm and to capture how current decisions affect business growth in a longer time horizon. The ILE matches the accounting-related perspective through which spreadsheet-based budgets are drawn up, with the system dynamics (SD) view. Such a goal has been pursued through a connection of traditional Excel spreadsheets with POWERSIM SD models. Playing the SMALL BUSINESS GROWTH MANAGEMENT FLIGHT SIMULATOR allows one to learn how (a) to draw up a budget based on an SD perspective, (b) long-term goals may be affected by current decisions, (c) business/family survival and growth are strongly influenced by current policies, and (d) linking short-to medium-and long-term policies and commercial to financial and equity management issues is critical to business growth .

Keywords: small business management decision making; management flight simulator; organizational learning; simulation (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/104687810003100206 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:simgam:v:31:y:2000:i:2:p:197-229

DOI: 10.1177/104687810003100206

Access Statistics for this article

More articles in Simulation & Gaming
Bibliographic data for series maintained by SAGE Publications ().