Capsim Business simulations Assignment Help

Introduction to Capsim Business simulations Assignment : The Capsim Business simulation packs are designed to be used with real-life business data, making financial and economic activities come alive on the screen. We offer first class help in Capsim business simulations for the students and organizations, or groups struggling with such kind of assignments.

The instructors can use these in class lectures, or they can assign them as homework assignments where the students must learn this material first before continuing forward into the course materials. The simulations include a variety of business related problems, and each one has a set of questions that the students must solve.

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Background information about Capsim Business Simulations

Capsim Business simulations are designed to be self-graded, allowing you to enter your answers quickly and easily. Capsim uses red color for incorrect answers, or no answer given in the question stem, yellow color is used for correct answers, and green color is used for an answer that is partially correct. Capsim also gives you a “score” based on the number of your right and wrong answers, along with how many questions were answered out of all the possible questions.

The simulation programs have been created for Windows® 95/98/NT computer systems; however, Macintosh® versions are also available. The simulations work in a similar manner with all Windows and Macintosh systems; however, some of the question wording may vary as well as the number of questions used with each simulation program.

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Like any other management assignment, if you want to get good grades in your simulations business simulation assignment, it is very important that you have a clear understanding of the different types of information that are involved in the process and an effective strategy of how they can be used. Business simulation consists of making decisions based on given information i.e., reading information, processing information and producing information.

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Information Processing in Capsim Business Simulations

Processing Information in business simulation is a very crucial step as it helps you to understand which technique or approach you need to use for making the decision. It is an important part of the process because while processing information, you are only trying to judge which option will benefit your firm the most. Although it does not require much information, the examination of all the scenarios and comparing is very important for getting a clear picture of each option.

Information Processing Steps:

Step 1: Evaluate Your Options- When you are given a business simulation problem as an assignment, you should first look at your options and then select one of them.

Step 2: Examine the Outcome of Each Option- After selecting an option, you should try to predict the outcome that will be produced by implementing this plan. At this point, it is very important that you make your own predictions as a good business simulation student and not rely too much on your instructor’s opinion.

Step 3: Assess the Results of Your Option- It is very important that you first consider all the consequences and outcomes, both positive and negative of your decision. You can also talk to other people who are familiar with the business to get their opinions or insights into making a good decision.

The most effective way of processing information is by making charts, graphs or tables that can clearly indicate the outcome of each scenario. It is very important that you also use your own judgment in processing information as it will help you to make better decisions and get better grades for the assignment.

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Information Assimilation in Capsim Business Simulation

Assimilating information in business simulation is an important part of the process because it helps you to make a firm decision and show that your understanding of the subject is complete. It is an important aspect of the process because in this part, students are not only required to read information but also to interpret and analyze it properly. This not only shows how well they can understand business concepts but also demonstrates their ability to work under pressure and finish tasks on time.

Assimilation Steps:

Step 1: Assimilate Available Information- It is very important for business simulation students to read all the information available about a particular topic or situation as it will help them to make better decisions and get better grades in their assignment. They should also try to read through more than one source of information as this will ensure that they do not miss out on relevant facts.

Step 2: Decide Using the Available Information- Although you need to analyze and interpret the information correctly, it is important that you decide their course of action based on your own judgment and reasoning. This way you will be able to defend your decision in front of your instructor and get higher marks in the assignment.

Step 3: Relate Information To Your Company/Organization- Most business simulation assignments require students to relate information with their company or organization so that it can be easily understood and used for making better decisions. It is also very important that you learn to apply this information to real world situations so that you can understand how it should be applied in real life.

The next time you are given an assignment to do, try and use the information processing steps before starting your business simulation worksheet. This way you will not only make a better decision but also learn to take on more challenging assignments when they are presented to you later on.

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Capsim Simulations Assignments Help in The Players

The Simulations are designed to encourage students to work toward a collective objective as a team for which they all share responsibility and gain success together. In order for this task to be accomplished, each participant must demonstrate their ability in the following types of management decisions or activities:

Thus, when participating in these Capstone Simulations, each participant must realize that their individual contribution to the team will have a direct influence on its overall success.

Students participating in these Capstone Simulations should also be aware that although they will be judged and graded by an instructor based upon the performance of their assigned team, participation is ultimately voluntary. In other words, if they do not wish to participate, they are not required to do so.

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Capstone Capsim Simulations Assignments

These Capstone Simulations have been designed as games that can be used for either a single class period or over the time frame of an entire course and beyond. The Simulations lend themselves well to multi-class section studies or even club activity levels. They can also be modified for distance learning purposes by using the supplied instructions.

For each Capstone Simulation, there are four different levels of participation:

Level 1 Simulations– Instructor Only (Basic)

This level is designed to introduce students to the most basic version of the simulation. This can be done prior to selecting a final course or taken after completion of other simulation activities.

Level 2 – Basic Simulation One (Individual Team Leader & Reporter)

This level introduces students to the simulation and prepares them to be a member of one of the teams in Level 3. This level is designed for use after completing the Level 1 training and prior to the team selection session.

Level 3 – Basic Simulation Two (Team Leader/Reporter; Supported by Instructor)

This is the basic simulation of two teams competing for control over a service area. This level introduces students to the competitive nature of these simulations. It allows them to be on a team, while still enabling participation of a simulated instructor.

The two teams compete with each other in order to control the service area they are responsible for. The team that has achieved the stated objective at the end of five hours wins the domination over that particular region.

The instructor can set up this simulation in any number of ways, but must keep in mind the nature of the objectives that have been set. These can range from number of guests served to profit goals, and would be based upon the chosen venue for conducting these exercises.

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Level 4 – Advanced Simulation Two (Teams Leader; Alone without Instructor)

This level is designed to give students a sense of real world operations with no outside assistance. The instructor should give the students a simulation that is challenging, but not overwhelming. The level of difficulty is to be set by the instructor.

The team leaders are then given a predetermined amount of time and resources to complete their objectives. This may include specific guest levels as well as other goals or restrictions such as staffing. Because this simulated environment contains elements of real-world business, the team leaders are placed in situations that may require creative thinking and resourcefulness.

The Capstone Simulations are designed to help provide students the opportunity to gain leadership skills through a hands-on experience. These simulations also allow students to learn about teamwork and the responsibilities associated with managing a business while gaining valuable experience.

There are more levels in business games simulations and every level presents its own challenges. Each level is predetermined by its predecessor, and therefore it is prudent to make current decisions while still thinking about next levels.

Limitations of Capsim business simulations:

  1. They are not flexible enough to accommodate players’ preferences, as they tend to be one-size-fits all.
  2. Problem solving in business simulations may not be as strongly related to problem solving that occurs in the workplace (as some of the issues are artificially created).
  3. There is a limited connection to the real world of business.
  4. They are time consuming in nature and require considerable amounts of resources, which need to be considered before use and re-use.
  5. There is a lack of transferability between levels (i.e., there is not much carryover between different simulations).
  6. Business simulation games are typically developed with little or no involvement from business practitioners.
  7. Simulation games assume that a set of standard rules will be followed, and those who run the simulation control the range and type of activities involved in solving any given problem.
  8. Business simulations are particularly limited by their relatively crude methods for creating empathy and modeling relationships among groups of participants in the simulation.
  9. They are not flexible to accommodate changes in strategy and direction throughout the game or over time.
  10. Often, business simulations neglect to recognize that good teamwork is as important as good problem solving skills for successful results at work.
  11. Business simulations may fail to provide learners with relevant information about how to cope with the dynamic environment of real-world problems, and how to make appropriate decisions in that context.
  12. A fixed timeline is not realistic as many business scenarios do not have an assigned time limit for completion.

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While both the capstone simulations and business games share some similarities, they differ in important ways as well.

Business game proponents draw attention to their use of real-world case scenarios that simulate operational realities for students. The cases are designed so that upon completion of a simulation, students will understand how teams behave when put under pressure and will be able to solve problems in a structured, analytical manner.

Business game proponents also stress that business games can be used for both large and small groups of individuals and therefore lend themselves to team-based learning as well as self-directed learning. They feel that these games are flexible enough to be altered by participants without detracting from their educational value or altering the game.

Business game proponents point to the relative simplicity of games in comparison with capstone simulations. In a business simulation, there are only about ten rules for running the game and an average play session lasts no more than forty-five minutes. This length is typically achieved without losing accuracy or substance and resources can be used over again to offer varying types of simulations. On the other hand, capstone simulations are time-consuming and expensive to develop using advanced software technology.

Business game proponents also stress that games offer broader learning than do simulations in terms of both transfer and application. In addition, business games can be used with a variety of participants including undergraduate students, graduate students, postdoctoral fellows, physicians, lawyers, nurses and a variety of others.

Capsim Simulations Homework & Assignment Help by Capsim.net
Capsim Simulations Homework & Assignment Help by Capsim.net

Simulation games and the type of activities they incorporate into their cases have become more sophisticated over time, with case designers drawing on models derived from cognitive science to develop richer case scenarios. This has had an impact on game development which now involves non-technical personnel in the development process together with technical specialists.

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Furthermore, business game proponents argue that their games are better at producing ‘learner buy-in’ than do simulations. This is because simulations are expensive to develop and therefore tend to be viewed with suspicion by learners who fear that the objective of an exercise may not coincide with the learning objectives they have been given.

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Capsim Simulations Homework & Assignment Help by Capsim.net
Capsim Simulations Homework & Assignment Help by Capsim.net