IDEAS home Printed from
   My bibliography  Save this article

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


  • Mihai CERCEL

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

  • Dorel-Mihai PARASCHIV

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


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


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

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    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.
    Full references (including those not matched with items on IDEAS)

    More about this item


    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


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:rmcimn:v:14:y:2013:i:2:p:222-228. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marian Nastase). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.