Understanding the business cycle is crucial to the success of any business. Know when there is an increase in demand, when there is increased compeitition from other suppliers and how the market reacts to pricing and marketing. This insight and skill applies to any business, big and small. If you fail to read the cycle correctly, your business can suffer large losses. This is what happened to Neptune Orient Lines.
You can learn how to read and react to business cycle from this business simulation game.
www.tklcloud.com/bsg.
Watch the video guide on how to play the game. It is easy and fun. But you have to practice a few times to get the feel of the game.