Your students will run virtual production companies, where they manage the companies’ finances, production, sales, investments and more. They can play in teams or alone, and can compete against each other or against computers.
The simulation gave me hands-on experience that I couldn’t have gotten in any other way so early in my career.
This was the best learning activity we’ve done, the highlight of this school year.
Exciting and very helpful helpful, especially for students with no prior business experience. Hubro Business helped us see how we can apply our business skills.
Hubro Business gives your students a bird’s-eye view of a company, while also letting them practice specific business skills. It can be used in a wide array of courses, like general business management, managerial accounting, financial accounting, finance, operations and microeconomics.
Have the students put numbers to their plans by budgeting for their decisions. You can also have them compare their accounting with their budgeting to learn from their deviations.
An executive’s main task is to make sound decisions. Your students will have to make many decisions, like whether to rent or buy their production lines.
What volume of products should your students produce, given the costs and the market demand? What prices should they accept when selling in the market?
Students can produce several product lines, which all have different costs and market potentials. What mix of products will yield the highest profitability?
Should we invest in a new factory? Which new product line should we invest in? Should we invest in research to cut production costs?
Your students will need to keep a careful eye on their cash holdings. They can withhold profits or apply for loans, or they’ll get expensive credit if they run out of money.
The simulation can automatically set up P&L statements, balance sheets and cash flow statements, or you can turn it off and have the students do the bookkeeping themselves.
Connect the dots between different disciplines like accounting, operations, finance and strategy. How are the finances of a skimming-the-market strategy compared to a cost leader strategy?
No two courses are exactly the same, so we’ve made it easy to make your own unique setups for Hubro Business. Customize the simulation with content, activities and configurations to make it a great fit for your schedule and syllabus.
Ola Barkved uses Business Simulations to help him and his students prepare for the future. We also discussed how teaching is changing, and why more educators should embrace digital and online learning concepts.
To make financial accounting more tangible and engaging, Trondheim Business School make use of Hubro Business Simulation. Learn how here.
The University of Stavanger put's their students' knowledge in management accounting to the test with a one day simulation bootcamp. The student feedback is jaw dropping.
The simulation requires only an internet connection and a modern web browser.
The simulation is designed to work on desktop, mobile and tablet screen sizes.