TY - JOUR
T1 - The BizCafe Interpretive Simulation case study to teach strategic entrepreneurship
AU - DeMicco, Fred
AU - McCracken, John David
N1 - Publisher Copyright:
© 2017 Taylor & Francis.
PY - 2017/10/20
Y1 - 2017/10/20
N2 - The BizCafe Interpretive Simulation is a good resource for teaching a restaurant business start-up. The simulation replicates the real life business of running a coffee shop. Each student will assume the role of coffee shop manager, and will make all the decisions necessary to survive in a competitive environment. The decisions encompass several aspects of the restaurant business. In the start-up period, determining the hours of operation, coffee prices, and wages are among the decisions. As in real life, some of the decisions—like whether or not to buy a pastry oven—are irreversible, with ramifications that will impact revenues and costs throughout the duration of the simulation. However, coffee prices and wages can be changed, based on analysis of the competitive set. As in any business venture, this is a contest to see who can survive. In this competitive set, there will be winners and losers, based on who has made the best decisions.
AB - The BizCafe Interpretive Simulation is a good resource for teaching a restaurant business start-up. The simulation replicates the real life business of running a coffee shop. Each student will assume the role of coffee shop manager, and will make all the decisions necessary to survive in a competitive environment. The decisions encompass several aspects of the restaurant business. In the start-up period, determining the hours of operation, coffee prices, and wages are among the decisions. As in real life, some of the decisions—like whether or not to buy a pastry oven—are irreversible, with ramifications that will impact revenues and costs throughout the duration of the simulation. However, coffee prices and wages can be changed, based on analysis of the competitive set. As in any business venture, this is a contest to see who can survive. In this competitive set, there will be winners and losers, based on who has made the best decisions.
KW - Entrepreneurship
KW - management
KW - restaurant
KW - strategy
UR - http://www.scopus.com/inward/record.url?scp=84990888815&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84990888815&partnerID=8YFLogxK
U2 - 10.1080/15378020.2016.1229089
DO - 10.1080/15378020.2016.1229089
M3 - Article
AN - SCOPUS:84990888815
SN - 1537-8020
VL - 20
SP - 579
EP - 594
JO - Journal of Foodservice Business Research
JF - Journal of Foodservice Business Research
IS - 5
ER -