Simulations in Business Education

Abstract

This chapter extensively explores the application of simulations in business education, underscoring their potential to improve learning outcomes. Through a comprehensive examination of current research, it emphasizes the pivotal role of simulations in enhancing the learning experience. The impact of simulation-based learning on business education is a central focus, covering studies on business simulation games, computer simulations, and their influence on skills, processes, and overall effectiveness. Various studies highlight positive outcomes associated with simulation-based learning environments. The chapter also throws light on the rationale for integrating computer simulations into business education, stressing the importance of aligning teaching methodologies with different stages of learning, as outlined by Bloom's taxonomy. This succinct review offers valuable insights for educators, researchers, and practitioners interested in implementing simulation-based learning in business education.