Riga International Business Week 2023 - Merkis Strategic Business Management Game

 
Merkis
Strategic Business
Management/ Finance
Simulation Game
 
24.04.2023. – 28.04.2023.
 
Riga International Business Week 2023
BA School of Business and Finance
 
Contents
 
Introd
u
ction
Background
Gameplay
Results
Application
Additional Information
 
Introduction
 
A
BOUT BUSINESS WEEK 2023
 
AUDIENCE
 
30-60 Business Week participants from business
schools from different EU countries
 
TIMING
 
 
24.04.2023 – 28.04.202
3
 
Introduction
 
A
BOUT BA SCHOOL OF BUSINESS AND
FINANCE
 
BA School of Business and Finance
(BASBF) is one of the leading business
schools in Riga and Latvia, and offers
quality studies and research in business
and finance. Our international
cooperation, professional and creative
staff, working closely with the business
world, and achievements of our students
and graduates earn our excellent
reputation.
 
Background
 
What is MERKIS?
 
Manufacturing business simulation game
Evaluation and assessment tool
Development tool
Change management tool
Game participants, in teams, manage their companies that are
modeled in physical business environment, while competing
with each other.
 
 
Gameplay
 
In teams of 5-8 people
Each participant have a unique role, which changes during the
game
IRS
Customer
Bank
Game Companies
 
 
 
 
 
Gameplay
 
Several participants play the outside world.
They have strategic goals.
And compete with team-run companies for profit.
 
Gameplay
 
Physical production and logistics
 
Gameplay
 
Enterprise is modeled in the training room physically
We use custom built little production equipment
Wooden railroad system with electric trains
 
 
 
The game takes place in real time. 1 game year is equal to 60 minutes
During one real-time hour players must buy materials, deliver them to factory by train,
produce (physically move ball bearing from one production machine to another), deliver
ready-made production to the customer, receive payments, produce financial reports, install
new production equipment etc.
The game covers 6-7 years of a real company’s life
.
Results of strategic decisions made in one year are seen in the next
.
 
Enterprise
 
Time
 
Gameplay
 
One game round (year) (4 hours)
o
Decision making round (30 min)
o
The game itself (70 min)
o
Retreat in teams (20 min)
o
Self analysis (15 min)
o
Trainer’s feedback (30min)
o
New theory and exercises(30-60 min)
 
MERKIS training structure
 
Gameplay
 
Sales
How to increase sales?
How to act while bidding for contracts?
To compete or cooperate?
Finance
How to decrease variable costs?
How to decrease fixed costs?
To invest in equipment or not?
Production and Logistics
What equipment to buy?
What equipment can be invented?
How to optimize production?
How to optimize logistics?
Team
How to assign responsibilities among team members?
How to allocate time?
How to cooperate  with the Government?
 
C
ritical decisions in the game
 
Results
 
Proactivity
Change of collective mind towards Outcome Frame thinking
Positive thinking
“Out of the box” thinking
Helicopter view on the whole enterprise
Understanding the importance of other functions
Development of specific competences
Development of specific skills
Feedback
 
Main Results
 
Results
 
Leadership
Setting and achieving business goals
Tactical management and planning
Company’s finances, management accounting and budgeting
Introducing work procedures
Problem-solving in production and logistics
Negotiation skills with external parties
Cross-departmental communication
Effective cooperation in a team
Decision making in uncertainty
Creative thinking
 
Skills that are trained
 
Application
 
Who can apply
?
 
Students will be enrolled in Blended
Intensive Program (BIP). To join BIP
your higher education has to be in
Erasmus+ BIP program
 
Any bachelor and master study
program students
 
BIP Participation fee: 2
6
0,- Eur 
(accommodation
 student hostel, 
+HB,)
Participation fee for others: 
260
,- Eur
 
 
 
Additional information
 
Good afternoon! ↔ Labdien!
Good morning! ↔ Labrīt!
Sorry! ↔ Atvainojos!
Thank you! ↔ Paldies!
Yes ↔ Jā
No ↔ Nē
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Riga International Business Week 2023 hosted by BA School of Business and Finance offers a unique experience through the MERKIS manufacturing business simulation game. Participants, in teams, take on different roles to manage companies in a competitive environment. The game involves strategic decision-making, financial management, production, and logistics, providing a hands-on learning experience in a real-time setting. Join participants from various EU business schools for a dynamic and immersive business challenge.


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  1. Riga International Business Week 2023 BA School of Business and Finance Merkis Strategic Business Management/ Finance Simulation Game 24.04.2023. 28.04.2023.

  2. Contents Contents Introduction Background Gameplay Results Application Additional Information

  3. Introduction Introduction ABOUT BUSINESS WEEK 2023 AUDIENCE 30-60 Business Week participants from business schools from different EU countries TIMING 24.04.2023 28.04.2023

  4. Introduction Introduction ABOUT BA SCHOOL OF BUSINESS AND FINANCE BA School of Business and Finance (BASBF) is one of the leading business schools in Riga and Latvia, and offers quality studies and research in business and finance. Our cooperation, professional and creative staff, working closely with the business world, and achievements of our students and graduates earn reputation. international our excellent

  5. Background Background What is MERKIS? Manufacturing business simulation game Evaluation and assessment tool Development tool Change management tool Game participants, in teams, manage their companies that are modeled in physical business environment, while competing with each other.

  6. Gameplay Gameplay In teams of 5-8 people Each participant have a unique role, which changes during the game CEO Director of Sales and Marketing Production Manager Director of Finance Chief of Engineering Worker Worker Engineer

  7. Gameplay Gameplay Several participants play the outside world. They have strategic goals. And compete with team-run companies for profit. Game Companies IRS Bank Customer

  8. Gameplay Gameplay Physical production and logistics

  9. Gameplay Gameplay Enterprise Enterprise is modeled in the training room physically We use custom built little production equipment Wooden railroad system with electric trains Time The game takes place in real time. 1 game year is equal to 60 minutes During one real-time hour players must buy materials, deliver them to factory by train, produce (physically move ball bearing from one production machine to another), deliver ready-made production to the customer, receive payments, produce financial reports, install new production equipment etc. The game covers 6-7 years of a real company s life. Results of strategic decisions made in one year are seen in the next.

  10. Gameplay Gameplay MERKIS training structure One game round (year) (4 hours) o Decision making round (30 min) o The game itself (70 min) o Retreat in teams (20 min) o Self analysis (15 min) o Trainer s feedback (30min) o New theory and exercises(30-60 min)

  11. Gameplay Gameplay Critical decisions in the game Sales How to increase sales? How to act while bidding for contracts? To compete or cooperate? Finance How to decrease variable costs? How to decrease fixed costs? To invest in equipment or not? Production and Logistics What equipment to buy? What equipment can be invented? How to optimize production? How to optimize logistics? Team How to assign responsibilities among team members? How to allocate time? How to cooperate with the Government?

  12. Results Results Main Results Proactivity Change of collective mind towards Outcome Frame thinking Positive thinking Out of the box thinking Helicopter view on the whole enterprise Understanding the importance of other functions Development of specific competences Development of specific skills Feedback

  13. Results Results Skills that are trained Leadership Setting and achieving business goals Tactical management and planning Company s finances, management accounting and budgeting Introducing work procedures Problem-solving in production and logistics Negotiation skills with external parties Cross-departmental communication Effective cooperation in a team Decision making in uncertainty Creative thinking

  14. Application Application Who can apply? Students will be enrolled in Blended Intensive Program (BIP). To join BIP your higher education has to be in Erasmus+ BIP program Any bachelor and master study program students BIP Participation fee: 260,- Eur (accommodation student hostel, +HB,) Participation fee for others: 260,- Eur

  15. Additional information Good afternoon! Labdien! Good morning! Sorry! Thank you! Labr t! Atvainojos! Paldies! Yes J No N

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