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Capsim simulation is a long-term strategy and there are eight rounds. The general strategy in capsim simulation is investing a lot in research and development, promotion and sales, expanding production capacity, increasing automation, total quality management, suing long-term liabilities in the first rounds and making top sales and profit from round 4 to 8.
If handling capsim assignments in a group, you should consider the following;
In order to win in simulation, you should focus mostly on profit and sales. Do not rely so much on the finance people as their main job is to acquire enough money for the first three rounds and paying dividends in the later rounds.
Research and development decisions made in round one revolves around invention of a new product. Payment for awareness and accessibility are some of the key decisions made in marketing in round 1.
Production decisions in round 1 include;
Finance decisions in round 1 are;
Marketing decisions for this round are paying for awareness and accessibility. Production decisions entail purchased capacity and more automation. Human resource decisions tips in round 2 are recruiting costs of 5000 dollars and 80 hours of training.
Finance decisions tips for round 2 are;
Just like in round 1, human resource decisions tips in round 2 are to keep recruiting costs at 5000 dollars, 80 hours of training and negotiating new terms of labor.
Payment for awareness and accessibility are the marketing decisions in round three. Production decisions tips are purchasing more capacity and automation. Finance decisions tips are issued stocks, due date for accounts receivables to 90 days and payment date for accounts payables to 30 days. Human resource decisions are recruiting costs of 5000 dollars and 80 hours of training.
An important research and development decision is repositioned segments. Payment for awareness and accessibility are the marketing decisions. Purchase of more automation and more capacity are the production decisions in this round.
Finance decisions capsim tips for round four are issued stocks, due date for accounts receivables to 90 days and payment date for accounts payables to 30 days. Total quality management tips are $1500 in each category. Just like the previous rounds, human resource decisions in round 4 are 80 hours of training and a recruiting cost of $5000.
Research and development decisions tips for round 5 are all segments repositioned. Still, payment for awareness and accessibility are the marketing decisions. Production decisions for round 5 are purchase of more automation.
Finance decisions are due date for accounts receivables to 90 days while payment date for accounts payables to 30 days. Human resource decisions are 80 training hours and a recruitment cost of $5000. Total quality management tip is a cost of $1500 per category.
Marketing decisions in this round are payment for both awareness and accessibility. Production decisions are purchase of more automation and more capacity. Here finance decisions are due dates for accounts receivables to be 90 days whereas the payment date for accounts payables to be 30 days.
Total quality management tip for this round is a cost of $1500 per category. Recruiting costs should be $5000 and 80 hours of training are the human resource decisions.
Research and development decisions in round 7 are repositioning of segments. Marketing decisions are similar to those in the previous rounds. Production decisions are purchase of more capacity.
Human resource decisions are negotiated new terms of labor, 80 hours of training and a recruiting cost of $5000.
This is the last round. Research and development decisions in this round are repositioning of segments. Marketing decisions entail payment for accessibility and awareness. Production decisions are no more purchase of automation and capacity.
Finance decisions capsim round eight are;
Human resource decisions in this round are 80 hours of training and a recruiting cost of $5000.
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