Enhancing Business Simulations through the Utilization of Experiential Activities Involving Local Community Executives

Abstract

Business simulations provide an excellent form of pedagogy to integrate the basic business functions of accounting, marketing, management, finance, and economics. Simulations afford students the opportunity to actually apply their newly acquired skills in “real world” situations. These “real world” experiences can be greatly enhanced by providing experiential activities that involve local community executives. Such experiential activities that are suggested by this paper Include labor bargaining, banking and financial negotiating, Security and Exchange Commission reporting, and Board of Directors' meetings.