Transition from a centrally planned economy to a market economy has proved to be an enormous challenge. Differences exist between individual countries regarding the scale and efficiency of the reform process and the types and levels of socio-economic development for entrepreneurial ventures. The...

The Competition Game creates an environment in which individual teams must make decisions based on possibly imperfect information and with conflicting goals. The game consists of several independent rounds that may be conducted separately or in series. This gives the instructor the flexibility...