Our Global Trading business game is also a development tool for tutors to show the practicalities of trading in the business world, considering:
- what an organisation is
- what it does and why it does it
- where it wants to go and
- how it is going to get there.
Global trading is an exciting global business simulation game that requires effective strategic planning and other key skills to ensure that needs are met and profits are gained.
It is also a development tool for tutors to show the practicalities of trading in the business world.
HOW THIS WORLD TRADE GAME WORKS
Each team is allocated a Country and takes on the responsibility for selling their Country's surplus commodities. They are also responsible for buying the commodities needed for their social and economic requirements.
Their brief is to create the maximum profit from trading in commodities through the World Commodities Exchange, but they must end the trading periods with exactly the correct set of commodities.
World events happen which affect prices and they must plan a strategy to buy and sell to maximise profits from the changing markets. They must also be prepared to change plans as prices change and availability alters from their expectations.
Naturally, each team is competing to sell their surplus commodities and buy their needed commodities, but will the World Commodities Exchange have them available and will the price be favourable?