Capsim Simulation Analysis

Research your markets, sensitivities and thresholds, then get off to a quick start: dominate new markets early (29). Late entry into crowded markets is a poor move (11)

When our group first started planning our strategy to win the second Littlefield simulation game, it was evident that the goal of the game was to maximize profits. We were competing against 18 other teams, but we knew with correct system capacity management and correct inventory management we could be the number one team. Even though we made correct decisions overall, we ended up in second place again with a cash balance of $2,660,393 and remaining inventory of 52 kits. Although we were a little disappointed again, we were very satisfied with what we have learned and the important operations management concepts we used such as capacity management and lead-time and inventory management throughout both of the Littlefield simulation games.

The first strategy attempted by the group involved timing trades based on daily market performance and expectations. Based on our predictions, shares were bought during the early hours of trading and by mid-day, the group had a good idea what would be kept until the next day of trading and what would be sold by close. This strategy made use of daily market news and reports to help predict short term changes; little attention was paid to long term potential as the group felt the timeframe the simulation take place in was too short. This strategy, while mildly successful, was not earning large enough gains for the group's portfolio. Many of our gains would be negated by the commission the simulator charged per trade. This strategy later evolved to include larger equity purchases on Fridays before the market closed for the weekend. These

Reliable products for low technology customers: Our brands offer value. Our stakeholders are bondholders, stockholders, customers and management.

McGraw-Hill Education has designed a series of learning games specifically targeting students to improve their experience in a virtual like work scenario. One of them namely Practice Operations would be discussed in this essay. Practice is a sequences of games which are planned to incorporate immersive learning encounters and rich evaluation capacities. In this practice operations simulation, there are 6 modules. To begin with, first module namely The Production Process, I have learned how to prioritise decisions based on the client requirements. I aced how to organize the production tasks as per the client’s necessities, how to manufacture and ship products based on the deadline and also by maintaining the maximum production percentage in the production process. The Second module which is called managing suppliers includes ordering for raw materials like for instance cotton, denim and silk. It helped me understand how to optimize our order based on the factors like quality and lead time. The third module is known as forecasting and contracts, which showed the significance of the understanding the idea of forecasting the demand of the up-coming seasons. This module entirely was based on the procurement process. In this module, you will decide on which contracts to pursue, and enhance their receiving, production, and shipment departments likewise. Therefore,

Although the board game is an exaggerated version of how monopolists operate in our present-day economy, there are various lessons that can be taken away from this experience. First, a lesson I learned was that owning properties on the red and orange sections of the board were the most beneficial because the probability of landing on those areas is very high. Because of this, those select properties will have a great chance of earning a profit. Second, the board game taught me that buying both utilities (Electric Company and Waterworks) and/or owning all, or much of, railroads, is very helpful towards earning the most

Marketplace Business Simulator is an on-line marketing simulation that incorporates all the marketing principles I have learned over the course of this semester and apply them into real world marketing practice. Simulation was used for the sake of instigating effective results and in that regard, this paper analyses the manner in which each quarter was carried through. The circumstances surrounding each of the decisions made are analyzed intricately and hence a manifestation of the impact of each for each of the quarters is laid bare.

H Company finished the simulation in the second to last position. I believe that is a strong indicator that my competitive intelligence level was low for this simulation. H Company’s Earnings Per Share report increases for year 12 and 13 followed by decreases for years 14-18. My ability to predict the competition was below par. In fact, because I spent more money on the private label brand, I may have ended up putting myself in a worse position. My ability to predict my competitions next move was not good. Every year D Company was able to achieve more market share, while H Company gained less, and less.

Three key learning points from week one simulation that will be applied to the project plan are communication among team members, teamwork and research of project cost. Communication is vital to the success of this project because all participants need to understand the role they play as well as the impact each will have on the outcome of the project. Teamwork is another integral factor because everyone needs to be able to work cohesively and should someone fall short on their job, the other team members must feel confident enough to come to the rescue and step up to the plate. Furthermore, researching of the cost of all deliverables is equally important because knowing what the cost is will help in making decision as to how elaborate the project can be.

Since quarter one was the first quarter of this simulation, I was unaware of how difficult it was going to be to make all the different decisions. Firstly, I had to choose a Company name. Because I was selling computers, I thought that the name “Dev-Tech” was a perfect fit being that this simulation was about development and technology. Next, I had to choose a target segment. I knew going into this simulation that it would be better to invest in the more expensive goods as it would benefit me in the end. The segment that didn’t care about price was Mercedes, so that is the segment that I made my first priority.

In the beginning we were all confused as to how the game worked and where to begin. We looked at the various tutorials and the booklet to try and make some sense of it. Once we had some understanding, we tried to develop our strategy. In the first few rounds we understood it was important to have our company funded through stocks and long term debt. We issued stock the first

The glo-bus game is an online game developed by IBM and is short for globe business simulation game. It provides a competitive environment to all the participants and company’s managers. In glo-bus, 13 groups in an industry. Each group run a camera company with the same start condition, they need to make their own decision to defeated other groups and meet the investors expectation. The camera company was divided into four main regions such as Europe-Africa, Asia-Pacific, Latin America, and North America. In every region we have to maintain certain factor such as ROE, Net profit, EPS, S/Q rating, Net profit, Revenue, Cash flow etc. The aim of this game is used what we learnt in the class and practice our manage

The strategy I chose for the simulation is “Niche Cost Leader." First, with the key focus being value, this strategy will challenge me to keep costs at a minimum and force me to streamline overall costs to produce a valuable commodity that, in turn, will generate financial success that can be shared with internal and external stakeholders. Second, as the success of this strategy primarily relies on the existing product line being prosperous, I will be able to practice and hone my forecasting skills based on one product. Though I eventually will produce more than one product, most of the simulation will be conducting under making the primary product as successful as it can be, and reliable forecasts are

Monday, September 10, 2012, I started Stock-Trak, an online portfolio game. Stock- Trak allowed me to gain hands on experience testing different investment strategies in a risk-free, yet realistic environment. From September 10 to November 16, 2012, I took part in one such simulation by managing an online Stock-Trak portfolio. I was given an initial amount of $100,000 pretend cash with which to invest. All monetary decisions were at my discretion. This paper discusses my trading experience , my portfolio’s performance, the strategies used during the simulation, what I learned in the process, and how I will implement the knowledge gained from the simulation in future investments.

Initially, our firm’s business position was at a healthy position. In the beginning of the simulation, our overall market share for the automobile industry was 28.2%; the highest in the market. We realized that our primary strength from product contribution came from our economy car Alec with 63.5% market share for economy cars, and from our utility car, awesome with a 48.5% market share for its vehicle class. Thus, it was evident what we needed to do; maintain high market share of our leading cars while conforming our least profitable vehicle class sustainably to coordinate to customer demand.