What is iBizSim?

iBizSim is an acronym for International Business Simulations. The business simulation covers all aspects of manufacturing products and marketing them internationally. Exchange rate fluctuations used in the simulation, for example, reflect real-world situations in international markets.

iBizSim is a teaching tool that faculty members of business schools can use as the core of any specific business course covering Marketing, Operations, Purchasing, Finance, International Business, and/or Strategy and Planning. It is usually used in an integrative, capstone business course, in which the company is depicted as a complex, integrated whole, comprised of the different divisions and departments working together in well-defined ways.

It is a learning-by-doing tool in which teams of students are given the responsibility to manage a simulated company. It enables the students to apply what they have learnt theoretically, to learn how to define goals and strategies, to implement plans and to develop controlling systems to evaluate the performance of the simulated company they are managing.

What can iBizSim offer you?

iBizSim is a very cost-effective business simulation for business schools that want to incorporate business simulations into their curriculum. The different licensing models enable the business schools to choose the one that suits their usage and budget constraints.

It supports faculty members by training them in the understanding and use of the business simulation. The free 3-day train-the-trainer seminar is offered frequently and aims at providing all the background information on the internal models used in the business simulation.

It provides the students a rich learning experience that covers all aspects of managing an international company. iBizSim challenges students to use all that they have learnt in all their other business courses. They also learn to work in a team, accept and respect team mates, and contribute to the efforts of the team. Since iBizSim means International Business, it adds tremendous value to the student's global perspective of business and business management.

Why should you use iBizSim?

iBizSim is a tool that can be customized according to the needs of any course. It is very cost-effective. The support it offers to both the faculty members and the students is very good. It responds to suggestions for changes, extensions and modifications made by users and these are incorporated into new and updated versions very quickly.