Markstrat is a strategic marketing simulation which offers professionals a risk-free platform to test theories and make decisions. Thanks to this marketing strategy simulation game every aspect is real: from competitive forces to the effects of sales, distribution, R&D and advertising.
Each team’s actions will have direct consequences on the market, thus competitive analysis is a must. Competitor actions and reactions, new product launches, sales and distribution strategies all define how teams will manage their own product portfolio, R&D projects, positioning, pricing and distribution channels.
Teams must plan not only for short-term profits, but also for long-term objectives; the name of the game is not just tactics, but long-term strategy
MarkStrat has three specialisations – B2C, B2B and Pharmaceutial (Centrx)
• Learn fundamental strategic marketing concepts.
• Experience essential marketing tools, such as: marketing plan, perceptual mapping, conjoint, regression, portfolio analysis.
• Master market and competitive analysis.
• Combine tactical implementation with long-term strategy.
• Broaden the long-term focus.
Markstrat is designed for teaching strategic marketing concepts and decisions, such as:
• Market segmentation.
• Product strategies.
• Marketing mix.
• R&D.
• Finance.
• HR.
• Production.
• Distribution.
• Market research.
Markstrat always incorporates the latest market and competitive behavior theories. Also, its model has been extensively tested by various academics, students and executives from a wide range of industries.
6 to 10 years of business activity (in 6 to 10 decision rounds)
Team against Team (industries of 4 to 6 competing teams) or Team against Computer.