• In this simulation, you will play the role of senior management at a video game hardware platform producer, such as Sony, Nintendo, or Microsoft. The game simulates the dynamics of competition in multi-sided markets. In such markets, success depends not only on a product’s price and features but also on how many people own it (a direct network externality) and on the number of games and applications available—that is, the size of the installed base of complementary products (an indirect network externality). Platform markets are increasingly common in settings other than video games, including computers, the Internet and e-commerce, and mobile telecommunications. Review the game video by going to: https://forio.com/simulate/mit/video-game/simulati...Click on “Play as an individual” The screen ID should be your First and Last name. try different scenarios, and take notes and screenshots that you can post and share with the group members. Each student should have at least one, probably more posts. The best way to do this is for each student to try the simulator, making notes as you go thru the simulator each year. Now go back into the simulator and try some new scenarios. The simulator ends after 10 years of running so be sure to go through and do all 10 years. (will provide screen ID information once get conformation from the tutor that he has able to solve the simulation ) . please have a look at the attached document and check the highlit text which summarizes the question
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Platform Wars: Simulating the Battle for Video Game Supremacy Understanding business process, budgeting, market share, gross revenue, net profit and a number of other financial issues is imperative as an MBA graduate. In this Management Information Systems (MIS) course we expose you to this in a live web-based simulation called "Platform Wars: Simulating the Battle for Video Game Supremacy", from the Sloan School of Management at MIT. In this simulation you will play the role of senior management at a video game hardware platform producer, such as Sony, Nintendo, or Microsoft. The game simulates the dynamics of competition in multi-sided markets. In such markets, success depends not only on a product's price and features, but also on how many people own it (a direct network externality) and on the number of games and applications available that is, the size of the installed base of complementary products (an indirect network externality). Platform markets are increasingly common in settings other than video games, including computers, the Internet and e-commerce, and mobile telecommunications. Review the game video by going to: https://forio.com/simulate/mit/video-game/simulation/ Welcome to the Platform Wars: Simulating the Battle for Video Game Supremacy Student o Play as an individual o View instructional video o Play as part of a class