Your source for Global Business Knowledge (2023)

A Journey to Sharahadpicture_as_pdf

In A Journey to Sharahad, an exercise available in PDF, the participants role-play American business persons who journey to Sharahad looking for distributors. Even though both Americans and Sharahadans want to do business with each other, substantial barriers are present based on different cultural behaviors and communication barriers. The author, Phil Darg, has generously agreed to allow globalEDGE to make this exercise available for download at no charge (for educational purposes only).

A Trip to Mintanapicture_as_pdf

A Trip to Mintana simulates a business meeting of Americans who have traveled to the fictional country of Mintana. The intercultural exercise allows participants to experience and adjust to different cultural communication patterns and to recognize some of the intercultural barriers in today's global business environment. The author, Phil Darg, has generously agreed to allow globalEDGE to make this exercise available for download in PDFat no charge (for educational purposes only).

A Visit with the Amberanapicture_as_pdf

A Visit with the Amberana simulates a meeting of American botanists who travel to the fictional country of Maranã. The Americans, ignorant of the host culture, must communicate with the Amberanans in an acceptable manner to succeed in their quest. A Visit with the Amberana is an intercultural exercise that explores verbal and non-verbal differences, as well as cultural values. The author, Phil Darg, has generously agreed to allow globalEDGE to make this exercise available for download in PDFat no charge (for educational purposes only).

The Academy of Management provides interactive teaching tools and resources for those interested in the field of international management. The site contains exercises for teaching and learning in different countries as well as providing exercises and case studies pertaining to management on a global scale.

In Annamay in Mexico, an American toy company is considering expanding to a Mexican Maquiladora. Three company executives travel to Tijuana, Mexico, to investigate the possibility of outsourcing some or all the manufacturing to a maquiladora. The purpose of the exercise is to teach cross-cultural negotiation strategies. The materials for teachers and students are available for purchase on the site.

BaFa' BaFa' is an intercultural simulator created to educate participants on the effects that culture plays in every person's life. It is especially useful to prepare participants for living and/or working in another culture or to learn how to work with people from different backgrounds. It requires a minimum of 12 players. Available in PDF.

Using a simple card game, Barnga aims to communicate that despite many similarities, people of different cultures perceive things differently or play by different rules. This simulation is available in PDF.

Brief Encountersopen_in_new

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Brief Encounters is a role-playing game that helps players develop an understanding of how culture impacts the behavior and perception of others. This game will help players learn how to describe and recognize cultural differences through behavior, how culture influences the way we view the behavior of others, and how to communicate with others despite cultural norms.

Carpenter Strategy Toolbox lists instructions for the Global Alliance Game which teaches the importance of international trade and relations between countries. Complete step-by-step instructions for the simulation are provided as well as a downloadable file for all the materials required by the Global Alliance Game. Information on how to debrief the simulation is also given on the site.

Global Challenge is an online business simulation game where teams representing mobile telecommunication companies compete by making international business strategy decisions in different areas of international business management. Free registration is required for first-time users.

Consensus Learning is a negotiation platform for classroom use, which can be used for business negotiations as well as for policy negotiations. The platform can be usedin both undergraduate and graduate classes.

CountryManager is designed for students taking courses in international marketing or business. The simulation is based on deciding the best way to enter either the Latin American market or the Asian market with a toothpaste brand management team. Participants must decide which country to enter, which channels to motivate, how to communicate best with the customer, and which SKU's to offer. After building operations in one country, expansion into additional countries is the next step. A full copy of the case is available by request.

A dynamic,situationand values-based series of training tools, Cultural Detective encourages participants to develop intercultural competence in themselves and their organizations. Cultural Detective participants identify and explore a culture using key values as "clues" to solve cross-cultural "incidents" or mysteries and develop practical strategies for enhancing intercultural collaboration. Around sixty culture-specific and topic-specific versions are available for purchase in the online store.

Diversophy is a set of intercultural training games for several different countries, designed for teams of 3 to 8 people playing simultaneously. Players are tested on cultural facts and appropriate behavioral choices and have the chance to share their own background and experiences with diversity or intercultural challenges, get advice about the culture they are exploring, and explore the risks of living or working in a new environment or with people different from themselves. Training games are available for purchase on the site.

The Econland game simulates the effects of macroeconomic policy decisions on a country. In the game, the user makes monetary and fiscal policy decisions in order to manage the economy of a country that faces the ups and downs of the global economic environment through a seven-year business cycle. Econland also provides a range of macroeconomic learning resources, including a weekly online economics newspaper, a quiz, and a discussion forum. While access to the Econland game is only available for a fee, several of the learning resources are available free of charge.

EthicsGame is a suite of online simulations that can be incorporated into a wide range of business classes. Three of the "Hot Topics" simulations feature an international focus including an exercise on the Foreign Corrupt Business Practices Act. The simulations stress the importance of team-building and help users make ethical choices in a globally complex world. Free demos can be scheduled, however, all simulations require purchase after the demo expires.

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Export-Import Management System Online (EIMSO) is a management planning tool designed to help develop a company’s import or export strategy and operational procedures. EIMSO consists of two dynamic software programs: Export Management System Online and Import Management System Online, each of which consists of four modules covering various topics related to export and import management. A five-week free trial is available, but a paid subscription as a student, instructor, or business is required to access the full resources.

FORAD is a computer-based learning experience designed to help corporate executives and bankers better understand what it takes to manage the financial position of a multinational industrial corporation. It is based on the issues and challenges which confront such a company operating in today's international markets. The simulation is usually played during a corporation's financial seminars. FORAD can be purchased by using the contact information on the website.

Foreign Investment Negotiation Simulation (FINS) tries to simulate the foreign investment process to improve understanding of interaction among the strategies of multinational firms, local companies, and host country governments. Negotiation and contract making is the focus of the exercise. The final report must be purchased.

Frost in France is a role-play simulation designed to teach cross-cultural negotiation strategies. Frost is one of the world's largest electronic recycling firms and is planning to enter France through a joint venture with a French company. The case covers the negotiations phase. The simulation is available in English and French and can be purchased on the site.

The Global Marketing Management System Online (GMMSO), is a web-based research and strategic planning marketing/management tool designed to help users bridge the gap between theory and the real world of business. The GMMSO4,consisting of three dynamic modules, will enable users to systematically conduct a company situation analysis in a global context, identify countries with high market potential for the specific products/services, and develop a subsequent business or marketing plan. A free trial is available for instructors, but students must register individually for a fee to access the modules.

Globalization and Nigerian Oil explores the effects of globalization through the case of Nigeria. Participants take on the role of one of the parties involved in the political economy of the Niger River delta region of Nigeria—either the government, a non-governmental organization, a multinational corporation, or an ethnic group within Nigeria—and participate in negotiations about the future shape of the petroleum industry. This simulation is a part of a series of simulations by the University of Maryland-based ICONS Project.

GLO-BUS is an online exercise where teams of students run a digital camera company in head-to-head competition against companies run by other class members. Companies compete in a global market arena, selling digital cameras in four geographic regions. Students must make decisions relating to all aspects of operations including R&D, product line selections, production, outsourcing, pricing, marketing, and finance. Registration is required.

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IndustryMasters offers a range of simulations on topics such as sustainability management, retail dealership, bank marketing, and machinery manufacturing. The business simulations provided are intended for use in business schools and advanced management education programs. The simulations are web-based and can be purchased directly from the site.

Intercomp takes the participants through the various phases of the international marketing process. Several relevant international marketing issues are covered, including global segmentation, product adaptation, and standardization. The purpose of the simulation is to teach students international dimensions of marketing functions and to apply international business practices into situations.

In the International Business Game, players act as the managers of international bicycle companies. Based on facts and events (demographic, political instability, climate, GDP, etc.), players determine strategic international decisions (such as building a factory in Brazil or in the UK, using an expat in China but a local manager in Denmark). Additional games are also available under the "business games" tab in the menu.

Jeneryn in India creates a complex international negotiation scenario. Participants play the roles of executives of a U.S. medical transcription company contemplating growth through offshore outsourcing. Other participants play executives of an Indian company in Chennai interested in acquiring American business. All participants must act within company, country, and cultural constraints while working toward specific business objectives. Available for purchase on the website.

LINKS Global Competition contains two simulations designed for students learning about global marketing and supply chain management. These simulations are designed for undergrad and MBA students. Information is provided on competition dates and how to apply.

Marketplace Simulations is a comprehensive simulation platform that allows participants to build and grow an entrepreneurial firm. As their firm grows, participantsrole-play as various executives making decisions across multiple business facets including advertising, marketing, manufacturing, accounting, finance, and human resources. Simulations are available in multiple languages and range in difficulty to accommodate users with experience levels ranging from high school through graduate students and corporate users.

Multimedia Educational Resource for Learning and Online Teaching (MERLOT) supplies links to learning materials in a variety of subjects including international business, globalization, marketing, trade, and finance. These include online modules and tutorials about different subjects.

Olin Life In Chinaopen_in_new

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In Olin Life in China, a fictional insurance company is looking to expand into China. Three top officers will need to go to Shanghai to begin a negotiation process with the China Insurance Regulatory Commission. The purpose of the simulation is to teach negotiation strategies as well as the culture of Chinese business. The simulation is available for purchase on the site.

Redundancia is a foreign language simulation where participants experience speaking a language non-fluently: how it affects one's ability to stay focused and connected with the listener, and one's feelings of competence and confidence. Available for purchase through on a link on the site.

The Business Strategy Game is a web-based simulation in the athletic footwear industry, and each company is managed by a team of players competing against other companies. The simulation tries to mirror the real athletic footwear industry to a large extent and requires the players to make decisions on all operational aspects of business, including sales, marketing, finance, web sales, warehousing, and distribution. Companies can sell their products in four regional markets. A login is required to access all features.

The Global Business Game is a web-based simulation that is focused on international business and strategic management. It is designed primarily to complement undergraduate and graduate classes in those areas. Participants manage a company that is present in either the NAFTA or APEC markets, allowing them to experience the various aspects and challenges of globalization. Instructors have the ability to customize options within the simulation to meet the needs of their courses. Available for order on the website.

The Global Economics Game is an educational software game that simulates economic activity in a global setting. Each player is in charge of their nation's economic policy. The object of the game is to promote balanced economic growth without excessive pollution while maintaining full employment without too much inflation. Fiscal, trade, and monetary policies are used to avoid undesirable situations such as depression, stagflation, and hyperinflation.

Trading Game is a simulation designed to help players understand the impact of unequal resource distribution in trade. This site includes directions, needed materials, and reflection questions to help discuss the results of the game.

Voyage Beijing is a digital game using engagement, motivation, and interactivity to teach crucial information about business travel to China. Simulating a first business trip to Beijing, the mission of the game is to arrange a business deal with a potential Chinese partner. You build or lose impression points by making choices in the interactions you have with the Chinese hosts. You can also earn knowledge points by exploring the game world, which is based on Beijing.

Where Have You Been? can be used in the initial class or session of an international management program. It assesses one's exposure to the rest of the world's peoples and relates the importance of finding opportunities abroad. This exercise must be purchased for access.

FAQs

How do you describe business knowledge? ›

Business knowledge can be defined as the ability of the technician to understand and fulfill the support organization's values, vision, mission, goals and objectives. This knowledge includes understanding the roles someone plays in the business and just how they impact their customers on daily basis.

What is the importance of having at least enough business knowledge? ›

Your understanding of what customers want, combined with your employees' know-how, can be regarded as your knowledge base. Using this knowledge in the right way can help you run your business more efficiently, decrease business risks and exploit opportunities to the full.

How do you get knowledge for your business? ›

7 Ways to Take Your Business Knowledge to the Next Level
  1. Find a Mentor. Learning is always easier when you've got someone who has been there and done it before to help guide you through it. ...
  2. Take on Different Challenges. ...
  3. Be Passionate About Your Industry. ...
  4. Keep Studying. ...
  5. Network. ...
  6. Watch the News. ...
  7. Practice What You Learn.
29 Jul 2020

What are the possible sources you need when you enter into a business world? ›

The resources you need to start a business can be broken into five broad categories: financial, human, educational, emotional and physical resources.

What is the importance of business knowledge? ›

Importance of business knowledge

Knowledge has great value since it is inherently unique to your organisation. It shapes and drives your business activity, your ability to sell or do more, and stand apart from your competitors. Individual knowledge is easily lost, especially when key employees leave.

What skills are important for success in business? ›

10 Business Skills for Success in the Workplace
  • Communication skills. ...
  • Leadership skills. ...
  • Negotiation skills. ...
  • Business networking. ...
  • Management Skills. ...
  • Sales and marketing. ...
  • Financial management. ...
  • Entrepreneurial and innovation.
16 Feb 2021

How do you keep your knowledge of business and finance current? ›

Here are 11 ways to keep your job skills and knowledge up-to-date.
  1. Take Professional Development Courses. ...
  2. Use Online Resources. ...
  3. Attend Professional Events. ...
  4. Network Online. ...
  5. Continue Your Education or Get a Certification. ...
  6. Learn new technology. ...
  7. Learn from Others. ...
  8. Read White Papers and Case Studies.

What is the most necessary thing you must consider in doing a business? ›

Experts say some good first steps in starting a business are researching competitors, assessing the legal aspects of your industry, considering your personal and business finances, getting realistic about the risk involved, understanding timing, and hiring help.

What are the sources of business? ›

The sources of business finance are retained earnings, equity, term loans, debt, letter of credit, debentures, euro issue, working capital loans, and venture funding, etc. The above mentioned is the concept, that is elucidated in detail about 'Fundamentals of Economics' for the Commerce students.

What are the 3 sources of business? ›

Operations, financing and investments: These three sources of business cash flow can have a major effect on the growth and strength of your company.

What is the main purpose of knowledge? ›

Knowledge sharpens our skills like reasoning and problem-solving. A strong base of knowledge helps brains function more smoothly and effectively. We become smarter with the power of knowledge and solve problems more easily.

Why is knowledge important in international business? ›

All successful modern businesses are international. Trading in countries around the world, and having bases in as many different places as possible, opens up new possibilities. Having a broad knowledge of business and the benefits of internationalisation will make you a valuable acquisition for any business.

What is the most valuable skill in business? ›

Complex problem solving remains the most highly valued ability, and skills like coordinating with others, people management, and critical thinking retained their significance over the five-year interval. But closer analysis reveals big surprises.

What skills do you need to own a business? ›

9 Essential Skills You Need to Start and Run a Successful...
  • Financial literacy.
  • Marketing skills.
  • A good handle on technology.
  • Communication and negotiation skills.
  • A positive attitude, even under pressure.
  • Strong time management skills and the ability to delegate.
9 Nov 2021

What can be the best source of new knowledge in the industry? ›

There are several ways to increase industry knowledge. Highlighted below are some of the major tools industry players can use to gain industry knowledge.
  • Networking. ...
  • Reading industry publications. ...
  • Mentorship. ...
  • Online research. ...
  • Taking refresher courses. ...
  • Finding a niche.
29 Sept 2021

What are the sources of organizational knowledge? ›

However, a primary source of knowledge in a business is the experience that develops within it.
  • Organisational memory. ...
  • Employee and supplier relationships. ...
  • Customer knowledge. ...
  • Market knowledge. ...
  • Knowledge of the business environment. ...
  • Professional associations and trade bodies. ...
  • Trade exhibitions and conferences.

What key areas of knowledge do you need to improve yourself more after going into business? ›

Below, we walk through the 5 most desired and important business skills for aspiring professionals.
  • Communication Skills.
  • Analytical Skills.
  • Ethics and Awareness.
  • Management and Leadership.
  • Technical Skills in the Functional Areas of Business.
1 Sept 2020

How do you describe knowledge and skills? ›

Knowledge: “facts, information, and skills acquired by a person through experience or education; the theoretical or practical understanding of a subject”, or, “awareness or familiarity gained by experience of a fact or situation.” Skills: “the ability to do something well; expertise”, or, “a particular ability.”

How would you describe your working knowledge? ›

Working knowledge is basically the ability and skills to make something without much expertise in the area. It reflects low-level competency in a subject. If a candidate includes a working knowledge of x in the resume, I expect they can handle tasks to do with x, producing a substantially complete project.

How do you describe your business experience on a resume? ›

Use the reverse-chronological order: start with your current or most recent position. Follow it with your previous job and the one before that, and so on. For each position, add up to 5 bullet points describing your business duties and, more importantly, your achievements. Quantify whenever possible.

How do you describe your level of knowledge on a resume? ›

Place skills under skill level categories

You can highlight your skill level by listing your skills in experience-based categories. This allows employers to identify the areas in which you claim to be an expert, proficient or novice.

What is an example of knowledge? ›

Knowledge is defined as what is learned, understood or aware of. An example of knowledge is learning the alphabet. An example of knowledge is having the ability to find a location. An example of knowledge is remembering details about an event.

What is the importance of knowledge? ›

Knowledge sharpens our skills like reasoning and problem-solving. A strong base of knowledge helps brains function more smoothly and effectively. We become smarter with the power of knowledge and solve problems more easily. * Everyday Life- Knowledge is important and useful in day to day events.

What are knowledge skills examples? ›

For example:
  • Good communication skills.
  • Critical thinking.
  • Working well in a team.
  • Self-motivation.
  • Being flexible.
  • Determination and persistence.
  • Being a quick learner.
  • Good time management.

What knowledge do you gain from work experience? ›

Work experience teaches you new skills, or shows where you can further develop the talents that you already have. Learning on the job will teach you things you might never learn in the classroom. In many areas of work, who you know can be as important as what you know.

What is a knowledge worker example? ›

They include professionals in information technology fields, such as programmers, web designers, system analysts, technical writers, and researchers. Knowledge workers are also comprised of pharmacists, public accountants, engineers, architects, lawyers, physicians, scientists, financial analysts, and design thinkers.

What is the basic knowledge? ›

basic knowledge means a fundamental acquaintance with facts, truths, or principles. Sample 1.

How do I talk about my experience in an interview? ›

Some variations on this question include the following:
  1. Tell me about your work experience.
  2. Describe your related experience.
  3. How does your prior experience prepare you for this job?
  4. Do you think your experience matches the needs of the role?
  5. Do you think you're qualified for this position?

How do you answer how would you describe your experience? ›

How to answer “What work experience do you have?”
  1. Use simple, active statements. It's best to use clear statements with strong verbs to effectively outline your skills and abilities. ...
  2. Provide only necessary details. ...
  3. Quantify your experience. ...
  4. Illustrate the connections. ...
  5. End with a goal statement.

What should I put on my resume for knowledge? ›

You might include skills in these areas:
  • Analytical and problem solving.
  • Microsoft Excel.
  • Enterprise resource planning software.
  • Business and leadership.
  • Verbal and writing skills.
  • Data analytics.
  • Revenue recognition.
  • Risk and compliance.
9 Jul 2022

How do I add more knowledge to my resume? ›

Types of additional information to include on your resume
  1. Certifications and licenses.
  2. Training or continuing education.
  3. Skills.
  4. Special awards or commendations.
  5. Publications.
  6. Testimonials from clients.
  7. Job performance reviews.
  8. Hobbies.

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