Cornell Management Simulation

Catalog description

You've learned finance, marketing, operations, accounting, economics, management, leadership, statistics, and strategy. You've done a deep dive into at least one of these subject areas. But how do they fit together? How are they used to actually run a company? The Cornell Management Simulation elective course will give you the chance to form a team and run a company that will compete against your classmates in a simulated industry; this strategic management simulation was written by Johnson faculty and has been part of the MBA curriculum for over 20 years. At the beginning of the simulation, each team develops a strategy, and before the results of the last decision have been determined, presents an analysis of its performance and lessons learned in a final meeting. The first course meeting (mandatory to be in the class) introduces the simulation and its mechanics as well as a discussion of company strategy. Future weekly meetings review key business topics that teams encounter as they run their companies, and include time for teams to review their performance and work on their company decisions. Grades are based on the value created for the company's shareholders (relative to other firms in the same industry), the team's strategy, and the instructor's evaluation of team's performance at the board meeting. (MHA-EL)