30 May Complete the CAPSIM Business Simulation Practice Rounds
This assignment focuses on helping you become comfortable using the CAPSIM simulation and using the results from one round to prepare decisions for the next round.
The training will teach you how the various business functions interact in the simulation, how to make decisions, and then read the results.
You will be making decisions that position your product against customer requirements, building a production process that allows you to meet the market demands for your products, how to finance those operations, and how to improve processes and products through Research and Development and Total Quality Management.
Finally, you will learn to read and interpret a complete set of performance documents, including Cash Flow Statements, Income Statements, Production and Sales summaries, and the Balanced Scorecard.
Instructions
Part 1)
Complete a minimum of TWO Practice Rounds in coordination with your teammates. Your instructor should have already placed you on a team. If you do not have a team assignment, please get in touch with your instructor immediately.
The instructor will check the simulation dashboard to confirm you have completed the two practice rounds and provide feedback to help you with the competition industry. You must spend the time during Week 1 completing these exercises to become comfortable with how the simulation works and what effects some of your decisions will have on the annual financials, etc. The simulation has a steep learning curve, so Week 1 is meant to familiarize you with the simulation.
Please note that your grade in the course does not depend on how well you do in the simulation. In that sense, the “competition rounds” are a misnomer. You can do well or poorly in the rounds. What matters is that you can understand and explain the effects of your decisions on the financial results, which you will track weekly with the Financial Measures Template.
Part 2) Identifying and tracking Financial Measures
Submit a written paper that examines the following:
· Identify three financial measures that you will track through your simulation (note – this assignment will repeat for every round that you run)
· Include a 4th financial measure of your choice that adds to your understanding of the company’s performance.
Length: 1-3 pages, not including the title or reference page.
References: Include a minimum of 2 scholarly references from 2020 to present.
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