Top Team Business Simulation

1
Top Team Business Simulation

• Practical business training purposes
• Aims at assisting students to develop skills in
  strategic management
• Competition oriented highest profit at the end
  of the simulation

2
KHK-experience with Business Simulations

• 4 years
• as an extended course during classes (Dutch)
• as a 1 day project (Dutch)
• as an extended project for the KHK international
  students (English)
• VC-tryout with associated partners in Belgium
  (February June 2005)

3
Partners experience

• Poland College of Management and Public
  AdministrationZAMOSC
• ComStrat, TopSim, MarketPlace, Euromanager,
  Global Management Challenge
• Participation in an international management game
  together with Belgian, Dutch and German Colleges
• Hosted final round of International Management
  Game Week in Zamosc

4
Partners experience

• Finland PRAMK/Business School, Ikaalinen
• Several Business game simulations in regular
  educational programs
• Involved in an EC-project to develop its own
  business simulation case
• Portugal
• Escola Superior de Comunicação Social LISBON
• Several Business game simulations integrated in
  regular courses

5
Top Team Business simulation
6
Top Team Business simulation
7
KHK-experiences with the runway and game
parameters

• Advance knowledge/understanding by lecturer can
  be an asset but is not a requirement
• Easily accessible, even for students without
  preliminary knowledge

8
Top Team the game is on!

• 1 run 1 financial year
• 1st RUN Start-up day on location (Fi,PL,PT)
• start-up seminar
• team work in decision making Top Team
  coordinator available for advice and coaching
• choose values for 13 different decision criteria
• fill in decision form for run 1
• Target for this run
• judge own results and compare with competitors

9
Top Team the game is on!

• 2nd RUN (on location) VC-supported from
  KHK/AVNET (FI,PL,PO)
• start-up with results of 1st run
• study information received from Top Team own
  financial information, competitors information,
  market information
• team work in decision making adjust strategy if
  desirable, review the 13 decision criteria
• fill in new decision form for run 2
• Target for this run
• optimize planning/budgeting abilities

10
Top Team the game is on!

• 3rd RUN VC-supported from KHK
• Start-up with results of 2nd run.
• 1 common course monitored KHK by VC
• Target for these runs (3-4)
• every new round provides new knowledge
• basic data market share, balance sheet, profit
  and loss account
• but also critical market share, break-even
  analysis, cash flow table.

11
Top Team apotheosis

• Presentation in front of the shareholders (jury
  of business and academic authorities) on
  location winning teams in Belgium on the final
  event which will be partly guided by VC
• local students can follow their colleagues
  presentations by VC

12
KHK-experiences with the runs and the apotheosis

• Competition increases with every next run
• Lecturers can support students in preparing their
  presentation (work planning, graphs, guidelines
• Stimulate student independence
• Co-operation with local language lecturers
• Presentation a highlight!

13
REVE support

• Course format will be provided by REVE (Top Team
  and KHK)
• VC-workshops will be provided
• Top Team fully supported by KHK and Top Team
  coordinators
• REVE evaluation procedure
• People involved teachers, students, support
• Method the VC-concept and support
• Cost effectiveness
• Infrastructure