MIT Sloan

Strategy Collaboration: MIT Sloan – Case Study

Economic and Technology Strategy Collaboration – Bringing the classroom to life.

The MIT Sloan School of Management works in academic programs, executive programs, corporate programs, and research.

Researchers at MIT’s Sloan School of Management developed a series of system dynamics models featuring content on economic strategy and technology strategy, with themes in alternative energy and sustainability. The models are based on independent research within the System Dynamics Group at MIT and case studies developed at Sloan.

The Sloan team wanted to make these models into online simulations that would be more accessible to more students — students without a background in system dynamics modeling. In particular, they envisioned using team-based play to reinforce the themes explored in the models.

Forio collaborated with the MIT researchers to turn each model into a full-fledged, interactive simulation. A primary goal was ensuring that the simulations were easy to follow, and easy to teach, in order to extend their reach. In addition to designing and building a web-based user interface, the joint team developed instructional materials for each simulation to support this goal.

The results of the collaboration are several online simulations, each available with corresponding teaching guides and instructional videos.

  • Fishbanks

    The Fishbanks simulation lets students experience the challenges of managing common resources sustainably.

    Students take on the role of fishermen, competing against other players to maximize net worth. Students buy, sell, and build ships, decide where to fish, and negotiate with one another. Instructors can set different policy options in the game, including instituting permits and quotas.

    Strategy Collaboration: MIT Sloan – Case Study
  • Solar Photovoltaic Industry

    The Solar Photovoltaic Industry simulation lets students experience the challenges of pricing and strategy in a market with significant learning curves and new technologies. The simulation is based on the MIT Sloan case study SunPower: Focused on the Future of Solar Power.

    Students play the role of senior management at a solar panel manufacturer. Students price photovoltaic modules and must balance how their competitors and customers respond to their pricing decisions, with the goal of maximizing cumulative profits.

    Strategy Collaboration: MIT Sloan – Case Study
  • Salt Seller Commodity Pricing

    The Salt Seller Commodity Pricing simulation lets students experiment with different profit-maximizing strategies, experiencing interactively the challenges of pricing in a commodity market with variable demand. The simulation is based on the MIT Sloan case study Ventures in Salt: Compass Minerals International.

    Students play the role of CEO of a salt producer selling salt to towns and municipalities for de-icing roads. Students choose selling prices, and need to balance how their competitor and customers will respond to their pricing decisions.

    Strategy Collaboration: MIT Sloan – Case Study