CAPSIM AND COMP-XM FOR BEGINNERS

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EDITIONS

Your participants have been given an overview of accounting and marketing concepts. They’ve got a little Finance and Strategy training. They have been instructed on the subject of “the trees.” It’s time to have a better understanding of “the forest.” The simulations instruct participants on how to fit the puzzle parts back together again. They utilize what they’ve learned as a foundation for achieving their ultimate goal, which is to learn how to operate a company. It is necessary for participants to coordinate choices across four major functional areas:

R&D
Marketing
Production
Financial Planning

In the electronic sensor sector, where clients seek smaller sensors with quicker performance year after year, the simulations are based on actual data. Sample business plans for Capstone and Foundation provide a fast introduction to the wide variety of strategic options available to students.

BUSINESS SIMULATION

Business subjects in first- or second-year college as well as high school are acceptable for the Foundation course. When time is restricted in MBA courses, it may also be utilized to great effect. Participants are given the opportunity to operate a $40 million firm for up to eight years. Foundation firms engage in two market segments: the public and private sectors.

Low-Technology
High-Technology

Participants begin with a single product and may build a portfolio of up to five goods during the course of the simulation. Optional modules for Human Resources and TQM (Total Quality Management)/Sustainability are also available for purchase.

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Capstone Business Simulator (Capstone Business Simulator)

Capstone projects are suited for business and MBA courses in the third or fourth year of college. Participants are given the opportunity to lead $100 million firms for up to eight years. Businesses belonging to the Capstone group operate in five market segments:

Traditional
The Low-End
Exquisite Design
Overall performance
Dimensions

Participants begin with five goods and may build a portfolio of up to eight products during the course of the simulation. Advanced Marketing, Labor Negotiation, Human Resources, and TQM (Total Quality Management)/Sustainability modules are also offered as optional add-ons to the program.

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IMPLEMENTATION

For the most part, simulations start with participants enrolling on the simulation website. Following that, students go through the Getting Started section as well as the Rehearsal Tutorial, which is an individual activity that displays the decision-making process in practice. Later, after teams have been established, participants utilize the Capstone or Foundation Spreadsheets (created either with Microsoft® Excel® or online using Web Spreadsheets) to play practice rounds on the spreadsheets they created.

The competitors in the Tournament mode are pitted against one other. Within the framework of Footrace mode, individuals compete against a predetermined set of computer-run organizations. The simulation is reset after the completion of the Practice Rounds, and the Competition Rounds begin immediately after.

COMP-XM

The Comp-XM Competency Exams may assist in providing the data necessary for ensuring the success of learning efforts. Comp-XM is available in two different configurations.

COMP-XM BASIX

Comp-XM As CEO of a faltering firm, Basix puts each participant in the shoes of the other participants. Their mission: to turn around the firm. There is no extra learning curve since Basix utilizes the scenario from the preceding simulation, whether it be Capstone or Foundation.

Basix assesses business acumen via the use of a balanced scorecard. Using Comp-XM Basix, you may quickly and easily test your students’ comprehension of essential business concepts and principles. Basix may be played for a maximum of four rounds. Participants in each industry will have the same beginning circumstances as they have in the other.

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COMP-XM CONCEPTS & TECHNOLOGY

Concepts is a simulation in which each participant operates a simulated firm for a period of four simulated years. This company is distinct from their original simulation, and each participant encounters a unique set of beginning circumstances. Participants may take a brief test with questions and answers that are suited to their specific circumstances at any time during the year.

Following the fourth year, there is a final wrap-up test. It is possible to compare the tests to snowflakes in that each one is unique while still being the same. It is fair because each participant sees the same questions and answers, which are produced using data that is personal to their simulation. Due to the fact that each exam is unique, there is less chance for answers to be shared. Comp-XM is a full solution: It evaluates decision-making and analytical abilities across the board in all business areas.

PLUG-INS

Capsim plug-ins provide instructors with the ability to enhance the course experience. Plug-ins allow you to include management choices in your simulation scenario. For example, the Ethics plug-in challenges participants to think about management concerns that have an impact on the bottom line of the company. Participants are required to reach a consensus. Their choice will have an influence on the company’s ability to participate in the current and future rounds of financing.

SUPPORT

Participants in Capsim benefit from a comprehensive and cutting-edge educational program. Participants learn how to operate Capstone and Foundation using printed materials, web materials, and the Rehearsal Tutorial, among other resources.

REQUIREMENTS

Participants will need access to the Internet in order to make judgments. Decisions may be made using Microsoft® Excel® or Web Spreadsheets, which are both available online. Apple customers who are using Excel® 2008 or 2011 on their computers must utilize the Web Spreadsheets.

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