steelBusiness: Run the Business, Shape the Future
Have you tried steelBusiness? It’s an interactive business simulation game designed to teach the fundamentals of financial management in a creative and fun way. The game challenges you to build and run your own steel company. Starting with an initial investment, you’ll have 12 simulated months to make your company thrive in a competitive market.
In the early stages, you’ll receive guidance and access to short educational videos that help you learn the ropes. Business decisions are introduced step by step so you can ease into the experience. You’ll begin by buying land and then move on to acquiring equipment, raw materials, and a team to run operations.
As the game progresses, you’ll manage maintenance costs and test the market by setting prices, choosing payment terms, and fulfilling orders. Once orders are placed, you’ll produce steel and restock supplies to keep operations running. At that point, the guidance ends and you take full control of running the company.
Every decision is yours
- Bid on orders
- Borrow money
- Undertake capital expansion
- Buy market reports
- Invest in risk reduction
- Choose a pricing strategy
- Produce steel
- Buy raw materials
These choices also teach core financial concepts. As you work to optimize profitability and manage your company’s financial performance, you will use the balance sheet to track assets, receivables, payables, working capital, and depreciation. The income statement then helps you understand costs, retained earnings, and breakeven analysis.
You will also monitor performance using key measures and ratios, and see how interest and loans impact your company while learning the important difference between cash flow and profit, no previous financial management knowledge is required; everything is designed to teach you as you play.
WHAT YOU WILL LEARN:
- Define key financial concepts necessary to operate a steel company
- Analyze the impact of business decisions on financial performance
- Apply a business strategy in a competitive marketplace
- Evaluate how competitors can impact business results
steelBusiness comes in two versions:
- Team Mode: Ideal for workplace training and development. Designed for competitive play in a classroom environment, teams compete against each other, testing their decision-making, strategy, and collaboration skills.
- Individual Mode: Play solo and compete against virtual companies.
This game isn’t just about learning on your own, it’s also built for competition. In multiplayer mode, participants face off against one another, making business decisions in real time to see who can grow their company the fastest and manage resources most effectively. This competitive element makes the game especially popular in corporate training sessions, where teams or individuals test their strategies against live opponents.
Why steelBusiness?
Because it makes learning active. You learn by doing, making choices, observing the outcomes, and adjusting your strategy. With its mix of guidance, educational videos, and competitive gameplay, steelBusiness offers an engaging and practical way to experience what it’s like to run a company.
Are you ready to take the challenge and see if you can lead your steel company to success? Get steelBusiness.