MIT Sloan School of Management

If you have missed the first part of the series, read MIT Sloan vs Tuck MBA: Comparison Based on Location, Ranking, Class Profile, Curriculum, Exchange Programs and Internships

Second Part of the Series - MIT Sloan vs Tuck MBA. Find out which program is better based on 9 Factors: Location, Ranking, Class Profile, Curriculum, Exchange Programs, Post-MBA Salary, Career Service and Alumni Network. Include the Summary of the two programs and the Winner!

Simulations require collaboration with team members and teach students to think for the team and effectively communicate with each other. The Games can be broadly categorized based on the learning function – Communication, Finance, Sustainability, Leadership & Teamwork, Marketing, Strategy, Supply Chain, Change Management, Venture Capital, Entrepreneurship, Economics and Pricing, and Statistics.

Here are some of the Best Simulation games used in top Business Schools.

The MIT 100K Competition is among the world’s oldest competitions for entrepreneurs, and has now completed 22 years. In 1990, the MIT Entrepreneurs Club in collaboration with the Sloan New Ventures Association held the first competition that had 54 participating teams. The winner won $10K, with $3K and $2K for the 2 runners up. In 1996 it became the $50K, and in 2006 the competition evolved into the MIT $100K Entrepreneurship Competition.

Today, it is one of the worlds most anticipated competition. It is aimed at fostering the entrepreneurial spirit among MIT students and researchers, encouraging them to express their ideas, and providing the support required to bring them to fruition. The competition is a yearlong process that ropes in VCs, mentors and media, culminating in a giveaway of $350,000 in cash and prizes. The most prestigious of all is the $100k prize for the launch competition.

An MBA in supply chain management uses a cross-disciplinary approach, covering Operations Management, Inventory Management, Quality Management, Supply Chain Technology Management, Logistics, Marketing, Strategy and MIS.

People who wish to have a career in this field should be adept at critical thinking, analysis, management and strategy. They must be able to evaluate issues and solve them on a global scale. Strong financial, leadership and team playing skills are also vital. Find out the Top 5 MBA Programs for Supply Chain Management

MIT Sloan School of Management has just launched the business video game simulation - Platform Wars: Simulating the Battle for Video Game Supremacy. In this live, web-based simulation, students get into the shoes of a Senior Manager at a video game company such as Sony.