capsim competition rounds assignment 1

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Competition Rounds Assignment

Practice round ends at 7PM on Wednesday November 28th and the Competition rounds start at 12:01AM on November 29th. You can go back and use the Rehearsal rounds for practice as often and as much as you wish.

An important change from the practice rounds is that your decisions will be processed automatically after you post them. YOU DO NOT HAVE TO SEND ME AN EMAIL. This means your Fast Track reports will be immediately available after you have processed each round.

COMPETITION ROUND AND FINAL EXAM

You will be implementing the Andrews Cost Leader with Product Life Cycle Focus. Download and review (very carefully) the strategy and implementation file posted in Blackboard Lectures.

THE COMPETITION ROUNDS STARTS AT 12:01AM on Thursday November 29th. You will only have limited access to your practice rounds and practice Fast Track reports after the competition rounds start. Remember that you always practice and improve your decision making skills by using the Rehearsal program that remains open throughout the course.

Rules for the Competition rounds.

a.You are hired to implement the Cost leader and Product Life cycle Strategy. Your decisions must reflect your strategy — for example, you strategy is to be a cost leader so you would not be spending more than necessary on promotion and advertising.

b.It is your company you must manage it – I will not be telling you where you are going wrong and telling you what you should do. I will be available to you as a consultant.

c. You will have only one (1) set back** during the competition rounds – use it wisely. First try to “manage” your way out of a problem. For example, a company may go into bankruptcy but the President who manages it back to health can also earn an A in the course.

d.The competition rounds will be graded through the Capsim.com’s Balanced Scorecard—it is outside my control.

e. YOU MUST COMPLETE EIGHT (8) ROUNDS.

** A set-back means that you can asked to go back to an earlier round and redo your decisions from that round forward. For example, you could be working on round 6 and realize that you made a bad decision in round 3 that is only now giving your company problems — in this case you could ask to be set-back to redo your decisions starting with round 3.

In the practice rounds, the main reasons for company’s getting into trouble.

  • the managers (you) did not read the written guidance
  • the managers did not double check their work before finalizing their decisions
  • the managers did not follow the company leadership and product life cycle strategy
  • the managers often made decisions without using their critical thinking skills.
  • the managers did not make all the necessary decisions (especially finance)

ALL OF THE ABOVE ARE AVOIDALBE. DO NOT REPEAT THEM IN THE COMPETITION ROUNDS. You should also refer to the checklist at the end of the Practice round assignment

When you are consulting with me:

  • tell me what you understand the situation to be
  • if possible, tell me what you think should be done and why

All 8 competition rounds and the Shareholders report (final exam) must be completed by December 16th. you are the manager and you set you own schedule.

There will be another Tutorial on Monday December 3rd to talk about the final exam and any questions or concerns you might have. Same link as always.

UPDATE INFORMATION THAT MY TEACHER POST.

Processing your Decisions — IMPORTANT

it occurs to me that I did not properly explain the decision processing in the last tutorial. After you have finished your decisions, you should:

Log on to Capsim.com

Click on Dashboard.

At the bottom of the page you will see the message

3. Decisions have been uploaded for the current round, click here to advance to the next round.

Click on the green “Next Round” button. Your decisions will be immediately processed and your Fast Track report will be available for your review and analysis in making decisions for the next year (round)

capsim login to be provided

password: To be provided

 
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