Using simulation to develop business strategy skills of entrepreneurs - Some reflections on a pilot
Author(s) -
Barnaby Julie,
Devins David,
Beech Nicholas
Publication year - 2021
Publication title -
industry and higher education
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.444
H-Index - 24
eISSN - 2043-6858
pISSN - 0950-4222
DOI - 10.1177/0950422220945672
Subject(s) - entrepreneurship , value (mathematics) , business , strategic planning , knowledge management , public relations , marketing , political science , computer science , finance , machine learning
It is recognized that the value of entrepreneurship education and the recruitment of practising entrepreneurs for such learning programmes can be problematic. This raises an important and challenging issue for universities when they are increasingly being asked to develop the leadership and management capabilities of entrepreneurs. In this account of practice, the authors explore the role for business simulation in the development of existing entrepreneurs’ and small business leaders’ strategic decision-making skills. The article describes and reflects on a pilot business simulation course, considering the challenges in the planning, the engagement of entrepreneurs and the delivery of the programme. It provides insights into the value of introducing this form of learning experience and exposes the significant challenges associated with engaging small business leaders.
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