A Business Game (BG) is a simulated competitive environment sufficiently adherent to reality that immerses players in a virtual business environment in which they must make certain managerial decisions.
The basic elements of a BG
A valuable 'business life' simulation EXERCISE
A GAME because it multiple players or teams who strive to achieve a common objective, often in competition with each other, fostering a dynamic and competitive environment
A SIMULATION as it implies an economic model that replicates real or partial business realities, including the market in which the business operates, allowing participants to engage with realistic scenarios
The benefits of BGs: Edgar Dale's Cone of Experience
📘 SEBG Guide