Tactica, the business strategy game from IIFT, gives a challenging and exciting experience. The simulation game deals with the nuances of everyday trade that happens around us every day. The Simulation replicates the real time scenario of procurement, inventory management and selling. The game generated lots of challenges and thinking when I played the test run of the simulation last week.
Every team has to invest in certain industry and trade in a particular product. The profits earned by the team in every quarter determines the share prices of the team and the team with the highest share price in the end, wins the game.
The game has been divided into 12 quarters and the manner which a team trades determines the share price. The game simulates a real time economy with variation in import export duties that varies the demand & supply of the product. The choice of industry, the product and the procurement is critical at the start of the game. The intricacies involved in setting the purchase price, the inventory management, the selling price and the competitors and their strategies are the key factors in the later part of the game.
The purchase price can be lowered or increased depending on the duties and other variables; the inventory is determined by the size of warehouse and the selling price. Additional investments in facilities likes 24/7 service and overnight delivery can increase the demand.
Overall the game generates lots of enthusiasm among the competitors and participants get the first hand experience of what trading would be in a real life scenario.
