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Methodology for Research through Simulation Business Game as a Tool for Strategic Management and Control

Author

Listed:
  • Venelin Terziev

    (Russian Academy of Natural History, Moscow, Russia National Military University, Veliko Tarnovo, Bulgaria University of Rousse, Rousse, Bulgaria)

  • Mitko Stoykov

    (Rakovski National Defence College, Sofia, Bulgaria)

Abstract

Modelling a business game to test the building of capabilities for enhancing institutional resilience requires a thorough knowledge of the underlying in the reviewed process base concepts (for counteracting hybrid threats, for building defence capabilities, for the functioning of the business model of the national security system and etc.) and following a specific management strategy. The business simulation games should be seen as a concrete model of abstractions from the reality. Therefore, when analyzing the results of their implementation, it should be borne in mind that the tested coherence of a theory or concept can be successful in a particular model or simulation, but this is not actually a guarantee of overall consistency with the real world, especially when testing newly developed theories and concepts with many conventions. Therefore, the selection of concepts, variables, the way the model is developed, the approaches to conduct, and especially the management of this type of scientific research are of particular importance. Of course, the most profound impact on the results is the level of professionalism in preparing the analysis of the results of each business simulation game.

Suggested Citation

  • Venelin Terziev & Mitko Stoykov, 2020. "Methodology for Research through Simulation Business Game as a Tool for Strategic Management and Control," Eurasian Journal of Business and Management, Eurasian Publications, vol. 8(3), pages 220-229.
    • Handle: RePEc:ejn:ejbmjr:v:8:y:2020:i:3:p:220-229
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