Week 1 is focused on helping you to 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 full set of performance documents including Cash Flow Statements, Income Statements, Production and Sales summaries and the Balanced Scorecard.
As part of the training, you will complete the following:
The instructor will check the simulation dashboard to confirm that you have completed these exercises. It is important that you spend the time during Week 1 doing 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 for you to become familiar 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. It doesn’t really matter. What does matter is that you can understand and explain the effects that your decisions had on the financial results, which you will track weekly with the Financial Measures Template.
Complete the Financial Measures Template:
Length: 1-2 Paragraphs: See directions in Financial Measures Template
Upload the Financial Measures Template and click the Submit to Dropbox button.