engleski

The small business management flight simulator in an environment of financial indiscipline

The article describes the features of a system-dynamics based game for financial strategies of small business in an environment characterised by severe financial indiscipline and with the restricted access to financial resources. The problem of small firm striving to succeed in such conditions is discussed in the framework of a system dynamics model that is converted into a simulation game. Player makes the decisions on bank credit, accounts receivable policy, profit payout, and time to pay the suppliers.

System dynamics modelling; simulation games; small business finance; accounts receivable management; financial indiscipline

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