A simulated company works as if it were a real company. The place where the activities take place is conditioned and set like a real firm. In this simulated environment, the tasks and activities that are normally executed by employees and managers are carried out: they hire employees, buy, sell, pay, control, make accounting records, send and receive emails, make and answer phone calls, make promotions, discuss marketing strategies. Your organization chart, procedure manuals for your various departments, job descriptions, catalogs and price lists are true and have a physical support.
All administrative processes and supporting documentation are authentic. Only the exchange of real products and the circulation of cash are absent from a simulated enterprise. In the case of schools, the purpose of simulated companies is generally the commercialization of products. But in simulated companies it is also possible to sell services, be a wholesaler or retailer, produce products or dedicate only to marketing.
Main characteristics of the simulated company:
Purposes of a simulated company in an educational setting:
Business simulation as a methodology for technical-professional training and capacity building at the secondary level:
The simulation of companies seeks to promote the development of capacities for organizational management, so that students can have greater professional competence to act appropriately and responsibly in real-life social and work situations, based on a methodology that allows the contextualized and experiential knowledge. It seeks to stimulate responsible and autonomous development from problem solving and decision-making within the framework of the dynamics of a company, and to contribute to the vocational guidance of students and employability from the rehearsal of their own roles and tasks and concrete of the world of work.
Simulated Business Guide
(*) Document developed by the Ministry of Education of the Government of the City of Buenos Aires.
(**) Document developed by INET.