Assessment of Entrepreneurial Skills Using Simulations

Abstract

"Simulations, particularly those which are computer-based are typically used in either a classroom or company training situation. As the field of business simulation expands, because of increased interest and sophistication, their use must be expanded into new areas. Hopefully, these new areas will then lead to even further advancement of the use of simulation and gaming in business education and training. This development can also lead to new arenas for the validation of simulation materials. The assessment of entrepreneurial ski I Is through the use of a computer- based simulation is an example of several new approaches to business simulation. It involves several different considerations in the development and use of the simulation, considerations somewhat different from the ""typical"" computer simulation. These include administrator intervention into the computer model during its run, ethical decision-making, and observation of the teams as their strategy is planned and their decisions made. "