During March 2020 the X_Bank University Challenge, an online inter-university competition using the Digital Banking Simulation by TOPSIM, was organized by Dr. Keith Pond (Loughborough University) and Klaus Walter. In this simulation, companies in the banking industry compete in the marketplace and each has its own business model, strategic focus & competitive advantage.
In our business simulations, participants take on the role of the management board of a company (as individuals or as teams). They have to make decisions and face typical business, management and strategy issues under time pressure. In this article, learn why business simulations are so effective at train the key skills for the digital age.
Start-ups develop innovative products and stimulate the labor market, competition and society. But the path to self-employment is not easy, because many factors have to be considered for a successful start-up. The simulation TOPSIM – Startup enables participants to go through the typical steps of a business start-up and learn how to manage their own company.
The ability to think and act strategically can be useful in many situations and basic business skills are becoming increasingly important across industries and positions. With the business simulation TOPSIM – easyManagement, participants get introduced to basics of business administration.
FOSTERING CROSS COLLABORATION THROUGH BUSINESS SIMULATIONS
Alfred Kärcher SE & Co. KG is the world’s leading provider of cleaning technology and has been selling innovative solutions for cleaning and irrigation problems since 1935. TOPSIM developed a management simulation for Kärcher, aimed to improve collaboration in the company. In this article, we have summarized the most important points of our partnership with them.