you will need to register for the Competition Round of CAPSIM now that you have completed the Practice rounds. You should have received a License Code from your Instructor, so you can join your instructor’s specific section of the CAPSIM simulation. If you have not received this information, please contact your Instructor. For your convenience, registration instructions are attached to this week’s books and resources section.
Once you have properly registered for your instructor’s section, you will complete Round 1 of the CAPSIM simulation in the Competition Industry. In Round 1, and each successive round you will make decisions in each area of R&D, Marketing, Production, and Finance. Human Resources are added in Round 2 and TQM is added in Round 4. You will also begin monitoring your firm’s financial performance for this Competition Industry.
For this week, as you begin to examine your company’s internal environment (employees, finances, etc.) and the competition in order to make your decisions, you will also learn how to examine the environment and create strategic plans through the course readings and in your written assignment.
Once you have completed Round 1, complete the Financial Measures Template. Select a different financial measure from prior week(s), and then write one to two paragraphs describing how that financial measure is created (e.g., ROS=Profit/Sales) and cite your source, its value to the firm, and how your performance compares with the competition and over time.
Length: 1-2 paragraphs: See directions in Financial Measures Template
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