Business Simulation Game

Saturday, February 25, 2017

Business Simulation Game

 

Business Simulation Game

A Business simulation activity was conducted on 25 February 2017 actively with 31 students of MBA. The students were divided into 3 teams.

Team A consist of 11 members headed by Aakash who were provided with the case given below:

You are Hawahawai family. Your family owns a land on Hawaii Island.

You require Rs. 70 lakh urgently and in lack of any other option available you want to sell your land. There are two parties who want to buy your land. They will use your land for commercial purpose. The estimated price of the land is 2 crore. You should ask for the same to the parties. If the parties fail to offer Rs. 2 crore you can settle the deal asking some other monetary benefits. Your task is to make this deal most profitable for your family.

Team B consist of 10 members headed by Chanchal who were provided with the case given below:

 You are a Pharmaceutical company and you come to know that Mr. Hawahawai is selling his land in Hawaii Island. There is a special type of tree called ‘Tingu Tree’ grow on the land. The tree produces a special fruit with the seed of which a vaccine for chicken pox can be created. Your company is interested to buy this land to produce the vaccine, as there is no such other vaccine available in market you don’t have any existing competition, but there is another company who is trying to approach Mr. Hawahawai. Your company has only Rs. 90 lakh to buy that land, but initially you will offer only 50 lakh rupees. Your task is to negotiate with Mr. Hawahawai and his family to sell this land to your company and make this deal most profitable for your company.

Team C consist of 11 members headed by Surender who were provided with the case given below: You are a Pharmaceutical company and you come to know that Mr. Hawahawai is selling his land in Hawaii Island. There is a special type of tree called ‘Tingu Tree’ grow on the land. The tree produces a special fruit with the pulp of which a vaccine for Ebola can be created. Your company is interested to buy this land to produce the vaccine, as there is no such other vaccine available in market you don’t have any existing competition, but there is another company who is trying to approach Mr. Hawahawai. Your company has only Rs. 80 lakh to buy that land, but initially you will offer only 50 lakh rupees. Your task is to negotiate with Mr. Hawahawai and his family to sell this land to your company and make this deal most profitable for your company.

Situation 1- Party B and C approached Party A and presented their offer, then they negotiated with each other in order to purchase the land. But without coming to any conclusion, the concerned parties decided to take some time and meet the owner of land again with some more monetary offers.

Situation 2- In the next situation, the cases given to Party B and C were exchanged and now both parties decided to meet each other and collectively approach the owner of the land in order to buy the land jointly.