Ernst Schmidheiny fund (Switzerland) Prof. dr. D. Beržinskienė Prof. dr. D. Cibulskienė Doc. dr. A. Budvytytė-Gudienė Lekt. dokt. R. Rakickienė

Our internship goal was to deepen the specific practical skills in simulation business models and effectively apply in the study process.

Our internship meeting was with Ernst Schmidheiny instructor Hans Sigg, who shared his experience about usage of business simulation models.

We have been told what models are used in the education system, in which study programs we can apply different models.

According to the material, revealed during the business simulation models internship, the whole idea is based on solution of cost- effective situations (so called problem based decision making).

This methodological tool integration to study process is important as it allows to imitate practical economic and management activities, using information technology programs which enables the comparison of the different working groups decisions, to carry out a quantitative analysis of the situation, to calculate the economic and financial results of decisions, which are very useful in developing students' entrepreneurial competencies, practical skills.

Also the business simulation models can provide additional information about each of the working group in the numerical results and in graphical form.