The CEO Game

Predicting what the future holds for our product might be one of the most interesting questions out there, but until someone will build a time-traveling machine all we have to estimate the future are our business simulations. An example of such business simulation that assists in predicting the success of video game products is simExchange. simExchange is an online business simulation game that helps predict the success of products in the video game world by acting as a virtual stock market. The game allows players to predict the quantity of sales and types of reviews that upcoming products might get. simExchange uses the “wisdom of the crowds” to assist in predicting the future of upcoming video games.

Well, how does it work?

Using the virtual stock market, the business simulation allows players to predict the success of the video game/console or what reviews a video game might get. The players create these predictions by using a global stock market in which they can buy or sell stocks of the upcoming video game. Using those stocks the game tries to forecast the how one video game might succeed or fail. The trade inside the game consists of three types of contracts: Stocks, NPD Futures (Assuming Sales) and Metacritic Futures (Assuming critic reviews).

Who uses this game?

The simExchange business simulation has been noted to be used by real-world investors who seek data that will assist in analyzing the future of the market. Also the data received from this business simulation was noted to be used by Wall Street analysts such as Michal Pachter.

The idea behind the CEO game is based on the same concept: Allowing the wisdom of the crowds to predict the success or failures of management process or products. This is way using the CEO game as business simulation might assist in improving your business management skills.

Console Sales Prediction

Ailon.

The CEO Game.

Most parents don’t like video games. They have bad reputation!

The main reason is because children spend hours of playing without any educational aspect. Moreover, they most likely absorb some violent or other bad principals.

Learning From Video Games

About the value of serious games, we’ve discussed a lot. In a nutshell, it refers to games that combine playing with educational values. You may encounter serious games in many different life aspects. For example:

• School and academic uses, for increase the students’ interest and for better implementation for the learned subject.
• In the business world, were many companies combine business simulations as a way for training their management team.
• Military uses for implement tactic and strategic point of view.

A recent trend from the field of serious games is “Serious video games”.

This latest Video Games fashion shows that video games can be valuable educational tool. Furthermore, those games are not only for kids!

If you wonder if this market is profitable, the answer is it’s on the ascent.
The video games industry is rolling 30 Billion dollars a year, whereas the serious video games share is only a Billion.
Although the numbers are relatively small, venture capitals and other investors are only now starting to realize the tremendous money-making potential of this market.

The CEO Game is an online business serious game, a game where you acquire significant business knowledge and improve your management skills.
At the moment we are building software, based on the internet platform and connected to the real-world’s data.
In the future, we plan to transfer the game to a video game platform which is a great opportunity to reach many other players – young CEOs? Only time can tell…

Based on: http://www.npr.org/templates/story/story.php?storyId=5072275

Nimrod

The CEO Game.