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The Business Simulator – An Essential Tool for Developing Managerial Competencies to Students in Economics

Author

Listed:
  • Mihai CERCEL

    () (The Bucharest University of Economic Studies, Romania)

  • Dorel-Mihai PARASCHIV

    () (The Bucharest University of Economic Studies, Romania)

  • Ramona TARTAVULEA

    () (The Bucharest University of Economic Studies, Romania)

Abstract

This study aims to analyse a project (POSDRU/90/2.1/S/63442) developed by four Romanian universities and financed by the European Social Fund from the perspective of developing managerial competencies to students in Economics. The main objective of the project is to prepare the transition of 3840 students from school to active life through the creation of an integrated inter-regional network of simulated virtual companies. A secondary outcome is that the project is seen also as a business modelling process in which students are familiarized with the requests of different positions in a company and better understand their compatibility. The simulated company permits to test different business decisions, by applying them into a computer simulated environment and learning by interpreting the results. The results are encouraging and we intend to use this tool extensively within the educational process of students in Economics.

Suggested Citation

  • Mihai CERCEL & Dorel-Mihai PARASCHIV & Ramona TARTAVULEA, 2013. "The Business Simulator – An Essential Tool for Developing Managerial Competencies to Students in Economics," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(2), pages 222-228, May.
  • Handle: RePEc:rom:rmcimn:v:14:y:2013:i:2:p:222-228
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    File URL: http://rmci.ase.ro/no14vol2/03.pdf
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    References listed on IDEAS

    as
    1. PARASCHIV Dorel & BELU Mihaela & CERCEL Mihai, 2012. "The Simulated Company - An Essential Tool For A Smooth Tranzition To Working Life Of Students In Economics," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(1), pages 608-613.
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    More about this item

    Keywords

    e-learning; managerial competencies; professional development; simulated business environment; simulation software.;

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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