business enterprise simulation, provide briefly introduction
Answer (2)
A "business enterprise simulation" is an interactive learning tool where participants mimic real-world business operations by making decisions within a simulated market environment, allowing them to practice key business skills like strategic planning, financial management, marketing, and operations management without real-world risks, ultimately developing their business acumen and decision-making abilities through hands-on experience. Business simulations are hands-on learning tools that involve competition between teams/participants. The game-like nature of business simulations is proven to engage participants and develop deep-learning skills such as collaboration, critical thinking and problem solving. Hope it helps :)
