Harvard Business Publishing and Forio have released a new simulation, New Venture Exercise: The Food Truck Challenge. Content for the simulation was created by Professor Michael Roberto, author of the best-selling simulation Everest, and Harvard Business Publishing. The simulation was developed by Forio on Forio’s platform, Epicenter.
Can be tailored for: Team Integration, Leadership Teams, Gamified Learning. Summary: This activity addresses specific group dynamic challenges like Resource Management, Collaboration and Leadership within a fun and dynamic concept of building a food truck & creating a signature dish from scratch. In this online simulation, students try to run a successful food truck in the city of Boomtown. Students work individually or in teams to achieve maximum revenue over 5 simulated weeks and win the 'Food Truck Challenge.' In each round, students make decisions about where to park and what menu item to offer in hopes of finding the best menu-location combination and yielding the highest sales. In some cities, food trucks are limited by toilet facilities. For example, in LA if a food truck is parked in one location longer than one hour, there must be a bathroom facility within 500 feet. Other cities have similar regulations that become a challenge for food trucks. Parking for Food Truck Owners. You can’t just park wherever you want.
Hazel Zhou MGMT 4890 Simulation #2 Analysis for New Venture Simulation: Food Truck Challenge The goal of this simulation is to maximize profits of the food truck by implementing appropriate corporate strategy. An alternative simulation program is “New Venture Exercise: The Food Truck Challenge.” This simulation is designed to run in 30 minutes, and can run and debrief in one class session. Individuals or teams decide where to park and what to sell to result in the highest sales.
In this exercise, students play the role of an entrepreneur and strive to maximize their revenue over five simulated weeks by selling ice cream, frozen yogurt, or smoothies at various locations in the city of Boomtown. Working individually or in teams, students review basic market data, and then are faced with a choice: They can conduct additional market research, open a food truck immediately, or open a small pushcart. During each simulated week, students can modify their choice. Instructors choose from three scenarios available in the underlying model, each with different optimal outcomes — so students can play a second time after a debriefing session, and apply what they’ve learned, without knowing the solution as they attempt the exercise a second time.
Check out the details in our Simulation Store today!
- Managing Uncertainty
- Cross Team Collaboration
- Resource Management
- Creativity
- Fun & Play
- Leadership
Can be tailored for:
Team Integration, Leadership Teams, Gamified Learning
Summary:
This activity addresses specific group dynamic challenges like Resource Management, Collaboration and Leadership within a fun and dynamic concept of building a food truck & creating a signature dish from scratch
Watch out for!
– IPL style bidding
– Tasting & Judging session by the Executive Chef
– Mystery Box Challenge
“The activity was really amazing. Initially we were all a little skeptical about how we could get through the activity since we didn’t have any prior cooking experience. But the activity really brought us together and working together made it easier to accomplish the task at hand”
– Smitha, Amazon.in
“This is our second Team Building session with Team Activators and they never fail to deliver. Each and every time is different and innovative. We really saw the team coming together with the Food Truck Challenge. A lot of hidden talents were uncovered in this activity too!”
– Mr. Singhania, CFO
Can this activity be conducted at my workplace?
Food Truck Challenge Simulation Solution
Yes, Glad you asked.. We will be happy to set this up at your workplace. We can creatively use your workdesks or a conference area to set this up
Do you conduct this in my city?
We conduct this activity pan India. In case our facilitator is not available in your city for the requested date, we can have someone from the closest city drive down or fly in to set this up
We are a small team of 10. Can we do this activity?
To truly enjoy and exploit all that this activity has to offer, we suggest a minimum group size of 20 participants. Large group sizes are never an issue
Is there a fire hazard with this challenge?
No. All our cooktops are induction.
Is first aid provided?
Yes, glad you asked. We have a trained medic available for first aid on site
Do I need a refresher course in cooking?
No you dont. Amateurs welcome!
Does this activity engage everyone?
The activity is designed to have everyone play a role in putting together a signature dish and the food truck. With heated bidding, flaming dishes and the delicious aromas, no one would want to be left out.
Are recipes provided?
No, recipes aren’t provided. This activity completely challenges your inventiveness & skill
Will there be someone to assist us with the technicalitites of the challenge?
Yes. Though the activity completely depends on your team’s resourcefulness, help will be provided for the technical aspects
Is the use of internet permitted?
Yes. Be it to Facetime the cooking expert in your family or look up Gordon Ramsey’s recipes, you can use the internet to help you!
Food Truck Challenge Simulation Answers
Are there any prerequisites that we need to bring?
Food Truck Challenge Simulation
Everything is provided on site. All you need to bring for this challenge is your game face and creativity!