Dynamic Business Environment and Development of Entrepreneurial Skills with the use of the Bistro Simulation
The paper describes a simulation that represents an active teaching tool which allows players to develop and
practice entrepreneurial skills. The simulation allows students to discover, identify, develop, practice, and test
entrepreneurial skills in a variety of market contexts. Students learn that the entrepreneur appears to have special personal
qualities among which include: internal locus of control, risk-taking, innovation and initiative, ability to solve immediate
problems, desire for responsibility and success, need for achievement and control, growth-orientation, power, and aggression.
Students' experience with the simulation develops appreciation of entrepreneurship as a leading factor for economic growth
and development in globally integrated international markets.
Index Terms - Auction, Asset Allocation, Business Game, Entrepreneurial Success, Strategic Decisions, Tactical Decisions.