WIWAG®- Economic matters explained by the example of managing a company.

WIWAG^® is a one-week computer-based economic simulation focusing on business content. In the WIWAG^® management game, the participants act as the management of several industrial companies (small or medium-sized companies) competing with one another. In doing so, they develop a company strategy and make all the relevant operative decisions against a background of constantly changing market conditions. Working with WIWAG^® offers a framework for communicating knowledge of the business world. In parallel with the daily rounds of gaming, the participants will, among other tasks, prepare product presentations, hold press conferences or – at the end of the week – a shareholders' meeting.

WIWAG^®

• is an introduction to the basic principles of company management
• forms a framework for communicating further knowledge on topics such as finance and accounting, human resources, marketing
• is close to reality, as it involves simulation of real market conditions
• will challenge the participants to develop a company strategy with the appropriate objectives and include these in practical planning and decisions, as well as to take responsibility for it
• communicates basic principles of business
• strengthens creativity as well as public speaking and presentation skills
• is able to integrate related topics such as: career choices/applications, social partnership, innovation, current topics in economics
   

Areas of use

• Higher secondary schools (Sekundarstufe II ), (adult education colleges, vocational schools (Maturitätsschulen, Berufsschulen))
• Universities of Applied Science (Fachhochschulen), universities
• Adult education
   

Duration of game

4-5 days, as a project week

Game facilitation

The game facilitators are the teachers or lecturers of the educational institution making use of WIWAG^®. The Foundation will train them in a four-day course to be game facilitators.

If WIWAG is used as part of the Economy Weeks, managers from the business world, acting as instructors, will guide the simulation. Instructors are trained in a five-day course held by the Foundation.

The next training course dates for teaching staff in schools
The next training course dates for instructors in Economy Weeks