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Games managers play
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It was a unique opportunity for corporate executives and students to upgrade their managerial skills
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It's once again time to put on your thinking cap and find strategies to take your organisation to a higher level and develop a better perspective of it.
And the right place to do this was at the Corporate Management Games 2006 conducted by GRD Institute of Management along with the All India Management Association.
Titled `Chanakya', it was a unique opportunity to help take crucial business decisions through a simulation game. Representatives from corporate houses like Pricol and Roots and management trainees from PSG Institute of Management, National College, DJ Academy for MGRL Excellence and Guruvayurappan Institute participated.
The games created situations to help participants focus on developing managerial skills. Conflicting situations compelled them to take decisions, which closely resembled business events. They had to take operational and strategic decisions to get ahead of their competitors and also discover new ways of co-operation and teamwork.
The game is played in such a way that a team of four executives is handed charge of a business enterprise. The game describes an industry scenario, with issues and problems frequently faced by the top management.
The teams respond to such simulated situations and make their decisions. Immediate feedback on the impact of their decisions was given to them to help them gauge their competitive position and financial implications. After each round, the stock market and the profits indicated how effective their decisions had been, although each team had identical assets and liabilities, financial structure, production capacity, product mix and a potential for success at the start of the game.
"Such management games are powerful tools in teaching methods. They give an insight into every aspect of management. They also help in understanding new trends in management education", says Dr.Nanda Gopal, Director of PSG Institute of Management and Vice President of Coimbatore Management Association when asked about the benefits of such games.
Different performance criteria such as earnings per share, cumulative profit, after tax, reserves and surplus market capitalisation were adopted to decide the winning team in which DJ Academy and ICFAI, Dindigul, bagged the first place. GRD Institute of Management and PSGIM got the second place.
Corporate management games 2006 enabled the students and practicing managers to acquire a complete experience of top management approach.
KEERTI MOHAN
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