IndustryMasters News

International Trade

The Indian Institute of Foreign Trade (IIFT), Dehli, for the second time uses Tycoon Systems' International Trade Simulation for its annual inter business school competition, Quo Vadis. Tycoon Systems, a leading developer of business simulation games, has been operating global business school competitions since 2006 .

Tycoon Systems provides business simulation games that are used in business schools and in executive education across the globe to develop business acumen.

Tycoon's simulations are all based on the IndustryMasters platform, and built by using real-world data and economic concepts. By customizing the IndustryMasters simulation platform, Tycoon is able to reproduce the business of any real-world corporation and any specific industry scenario.

IndustryMasters simulations are delivered online in both single user and multiplayer formats. Up to 100 users at different locations can participate simultaneously in an IndustryMasters multiplayer simulation. Tycoon's range of sector specific business simulations includes diverse industries such as food, electronics, automotive, telecom, banking and now international trade.

''The Indian Institute of Foreign Trade inquired if we can provide a business game that simulates the business of globally operating trading companies'', said Thomas Lehnert, Tycoon's founder and CEO. ''We then developed the International Trade Simulation, which helps people to understand the specific aspects of managing of a trading company. The simulation addresses issues of sales policy, purchasing, inventories, cash flow and the importance of reacting timely to very volatile market conditions.''

The International Trade Simulation launches today during IIFT's annual 'Quo Vadis' festival, and is the basis for an inter-business school competition they have named TACTICA, held from 13th to 15th November. TACTICA is presented by IIFT, SAIL, Tycoon Systems and KnowledgeWorking - Tycoon Systems' partner company in Australia and New Zealand.

About the Indian Institute of Foreign Trade (IIFT)
The IIFT was set up in 1963 by the Government of India to help professionalize the country's foreign trade management and increase exports by developing human resources. IIFT has undertaken research studies with organisations like WTO, World Bank, UNCTAD and the Indian Ministry of Commerce & Industry.

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Tycoon Systems Inc officially launches its US operations at the ASTD 2010 Exposition in Chicago. The simulation software company delivers simulation-based leadership development programs across the globe.

''Over the past 12 months our business in the US grew more strongly than in all other regions of the world,'' said Tycoon Systems president Thomas Lehnert. ''The ASTD Expo is an opportunity for us to invite attendees to experience our web-based business simulations by trying them out at our booth.“

The influential Indian Institute of Management Ahmedabad (IIMA) has used a business strategy game provided by Tycoon Systems for its annual global Mousetrap business school competition for the fourth year running. This year's Mousetrap strategy game - presented by IIMA and Microsoft Corporation - was a great success according to participants
"We used the IndustryMasters simulation for Mousetrap 2010 - which is apparently the only "real- time" simulation available at present. This real time-aspect is what makes IndustryMasters a simulation of choice for use in the fast paced yet acumen based setting of Mousetrap.'' Said Professor Atanu Ghosh, Faculty Coordinator at IIMA.

The Indian Institute of Foreign Trade (IIFT), Dehli, for the second time uses Tycoon Systems' International Trade Simulation for its annual inter business school competition, Quo Vadis. The IIFT was set up in 1963 by the Government of India to help professionalize the country's foreign trade management and increase exports by developing human resources. IIFT has undertaken research studies with organisations like WTO, World Bank, UNCTAD and the Indian Ministry of Commerce & Industry.

Press Releases

Business Simulations Developer Tycoon Systems Launches US Operations

Wednesday, May 19, 2010 12:00 AM

First Business Game to Simulate International Trade

Sunday, November 15, 2009 12:00 AM

Tycoon Systems launches the first Real-Time simulation of international trade in partnership with the Indian Institute of Foreign Trade.

IIMA and Tycoon Systems Successfully Conclude Global Business School Tournament

Thursday, November 5, 2009 12:00 AM

IIMA and Tycoon Systems launch On-line Business Strategy Game to simulate Real-World Economy

Thursday, October 23, 2009 12:00 AM

The Indian Institute of Management Ahmedabad (IIMA) has for the forth time chosen a business strategy game provided by Tycoon Systems for its annual global Mousetrap business school competition. This year's Mousetrap strategy game, presented by IIMA and Microsoft, challenges students to manage a corporation through a simulation of the current economic downturn.

Tycoon Systems Provides Large Range of Serious Games for Business Education

Thursday, August 13, 2009 6:00 AM

Tycoon Systems is a leading provider of serious games for business education. Serious games have a carefully thought-out educational purpose and are not intended to be played primarily for entertainment. In business education, serious games from Tycoon are used to provide experience-based learning of fundamental business and finance concepts.

Tycoon Systems Launches Business Game Application on Facebook Platform

Thursday, July 23, 2009 6:00 AM

New Business Education Application on Facebook Platform Provides Hands-On Management Experience. The IndustryMasters application allows Facebook users to build up their own corporation and to manage their products within a virtual economy, while competing with other players for the highest share price. As they play, users learn and absorb important elements of finance and accounting, corporate strategy and economics.

IIMA Adopts Mastering the Economic Crisis Simulation

Wednesday, November 26, 2008 6:00 AM

Tycoon Systems announces the launch of it's Mastering the Economic Crisis business simulation game. The Mastering the Economic Crisis simulation was extensively tested by the Indian Institute of Management Ahmedabad (IIMA) at the occasion of IIMA's annual global MBA student competition. IIMA has used Tycoon Systems' business simulations for their global business school challenge the 3rd year in a row and reveals that the Mastering the Economic Crisis simulation was much appreciated by the participating MBA students.

Next-Generation Business Simulation integrates Carbon Footprint

Tuesday, May 08, 2007 4:00 AM

Designed for the next generation of business people, IndustryPlayer 5 is a business simulation which realistically reproduces ...