Student playing an online business game

When it comes to teaching business to students, the best approach is to create a seamless learning experience. Building businesses takes knowledge and wisdom from years of experience. There is no quick formula on how to scale your business correctly or even a way to know how to make decisions as a business leader. These are all things students have to experience to learn.

Most business simulations, such as Startup Wars, are designed to support an educational curriculum and put a business student’s skills to practical use. These simulations can be overwhelming for students who are first learning business concepts.

There are so many topics and terms to discover that they can quickly get lost trying to find it all.

On the other hand, video games are a great way to get these students comfortable learning about business. Business games are different from business simulations since they focus on fun over education.

Since these are business games, there is less pressure and more guidance on operating a business. There is no curriculum to follow. Almost all of these games are easily accessible from a smartphone or desktop device. Business games are a great way to introduce students to the business concepts they will be learning.

Game Dev Story

Game Dev Story tasks the player to build a loyal fanbase for their video game development company. In addition to creating the games, the player will have to balance managing their staff, fulfilling business contracts, creating advertisement campaigns, and more.

This simulation helps build critical thinking skills as students make business decisions that profoundly impact their company. They have to decide which employees to hire based on the candidate’s skills and even manage the budget for hiring campaigns. This mixture of critical thinking with responsible financial planning will help introduce students to the concept of decision-making as a business owner.

Startup Company

Startup Company puts the player in the seat of the CEO of their own small startup company that aims to create a website. The player will then upgrade the website to meet customer expectations and continue scaling in popularity. This business simulation helps show students the process of scaling a product to increase customer satisfaction.

Completing a product is just the beginning. With increased complexity in financial decisions, such as taking out loans and deciding to budget for payroll, this game shows how a business continues to grow once its product is out the door. By playing this simulation, students will learn what comes after building their product.

Biztopia

Biztopia gives players the goal of supplying their stores with products while managing the supply and demand from wholesalers and customers. The player will set prices for products, manage expenses for maintenance and insurance, and understand the supply chain process. This simulation is an excellent choice for teaching students about running a business that deals with physical products.

One of the most exciting aspects of this game is the analysis features included. Students will be reading graphs and charts to use data in their decision-making to make their company become successful. This feature is impactful since it’ll help establish how vital data is for business management.

The addition of supply chain management also makes this lucrative for business management students since this topic is more challenging to grasp. Having students interact with the supply chain process will help them understand each step and visualize what it would be like in real life.

Hipster CEO

Hipster CEO introduces the economic competition of business by allowing players to compete against each other as CEOs of startup companies. Students will be able to create various product types (fitness app, social media, etc.) and decide their target audience. They will then have to compete against other businesses to obtain the highest market share and beat any competitors.

This simulation will help introduce the competitive nature of business and show students how important it is to target market segments appropriately. It’s simply not practical to teach students to dominate a market space through textbooks or static articles. Being able to compete against others directly will help place students in the shoes of a competitive business and give them a head start on this mentality shift.

Business Founder – Startup Manager

Business Founder – Startup Manager tasks the player to recruit an awesome team, expand their office properties, invest in equipment, and upgrade their company’s products. This game is an excellent introductory simulation for first-time business learners, emphasizing business analytics and employee management.

This simulation covers all the basics and even introduces concepts such as profit and loss, supply chains, investors, and more. Students will analyze their company’s profit and loss to help improve operations and review the monthly results about pricing and market share to make better decisions. The unique feature of acquiring finances from banks and investors adds another layer of depth.

Conclusion

Business games are a great way to increase student engagement and introduce business concepts to students. Trusting students with the responsibilities of a business owner will create a mentality shift that enables them to understand information more efficiently.

However, that is just the beginning of the education journey. Once students understand the basics of business, they will need to challenge themselves to use those skills in practice.

The Startup Wars Entrepreneurship Simulator is the perfect way to put a student’s entrepreneurial skills to the test. Startup Wars includes a fully integrated grading platform, which allows you to measure a student’s entrepreneurial performance. For more information on bringing Startup Wars to your classroom, you can apply for early access here.

5 Online Business Games For Students

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