Industrial companies can be characterized as complex and dynamic systems that are only parts of more complex systems. Therefore the purpose of education of business administration student can only be to teach the principles of different functional areas. Management education also has to enhance the understanding of how the different organizational parts of a company interact, how the dynamic consequences of decisions are and how decisions in one functional areas of a company influences other parts. Here the traditional way of teaching in management education fails. Tools are needed that allow (1) to teach the structural fundamentals of companies and (2) to part of the education of students in business administration at the Industrieseminar of the Mannheim Univeristy. The paper discusses a comprehensive model of a company and its interactions to the suppliers, the markets, the competitors and its use in management education. This management simulator is partly based on the model developed and published by Lyneis. Some of the sectors of the original Lyneis model were improved and completed by others that map market dynamics, research and development, and a more detailed representation of competitive structures. Opposed to the Lyneis model which was developed in DYNAMO the management simulator is implemented in VENSIM. Students use this model in the advanced courses of System Dynamics. They analyze the structure of the model, the feedback relations and the management policies that are mapped. They are also forced to seek for better policies in the different functional areas and can test the dynamics created by their new policies. On that basis the understanding of the interactions of the functional parts of a company and the dynamics consequences of decision can be improved.

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Date created

• 1995

Type

• Document

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• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

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• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

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12420ec6bd5f758d2b4dea59aabd75a9

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Part of

23d738ba88f8333bc39725f9cb5bd0b8

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Part of

b83f2ce2912343b559f967dd985da515

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Collection

System Dynamic Society Records

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Collecting area

• This collection is part of the University Archives