How does Retail Business Game work?
Retail Business Game is imitation of a real life Retail Business scenario. Executives take on leadership role of an established Retail Business, the simulation facilitates a greater understanding of financial impact on merchandise planning, allocation, pricing, competition analysis, human resources, manage vendors, manage supply chain and Inventory issues, they will use their knowledge to complete tasks and learn new skills, especially financial knowledge that will help them understand how each action impacts the financial situation in the Business.
They learn to analyze market data, make Business development plans, make Strategy and execute the strategy and tactics. Retail Business is changing and change is inevitable, it is fast paced and the intensity has increased, all executives are very busy with their own departments such as Sales and Operations, Buying and Merchandising, Human Resources, Marketing, Business Development, Supply Chain and logistics, IT and Finance. Retail Business Game aligns all departments together for a focused Business objective, i.e. to make the Business Profitable.