The game takes place during the PC Wars, in which computer manufacturing companies are in fierce competition with each other. The game offers several modes of play, as well as several scenarios within, which range from the late 70s to the late 90s. These scenarios can last anywhere from 5 years to 20 years, depending on the scenario selected. Some of the themes of the scenarios include the oil crisis and the strong yen recession.
Top Management II retains most of the same mechanics from the first game. You can hire/fire employees, raise/lower their salary, research and develop new technology, all while trying not to spend too much money and go bankrupt, and at the same time, keeping the morale of your employees high. The game also offers the option of playing against three other human players.