Management Simulation is a training tool that allows individuals or teams to practice decision-making in a controlled environment. Participants engage in scenarios that mimic real-world business challenges, enabling them to develop skills in strategic planning, resource allocation, and team collaboration. These simulations often use software to create realistic situations where players must respond to changing market conditions and competition. By analyzing the outcomes of their decisions, participants gain valuable insights into effective management practices and can apply these lessons in their actual work environments.