Simulation, game management, corporate decision-making, competition, financial reports.
Abstract:
Titan is a management game simulating the business decisions. Lets 2-8 student groups to produce and compete in the market with the same product. Students set a price and determine the quantity and capacity of production, plan budgets for marketing, research and development. They become familiar with the consequences of their decisions by the form of financial corporate reports and they use this information for other business decisions.
Objectives:
Students get acquainted to technical terminology of business economics by simulation game, learn to orientate in corporate financial statements, evaluate the information and determine business strategy.