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Capsim simulation or business games begin with the Capsim Practice Round 1. TYpically, Round 1 represents the current industry report; so it is much of the prevailing industry conditions. Usually, in Practice round 1, you don’t have much to do since it is considerably the round zero of the capsim simulations. However, if you don’t understand the industry report, it can be challenging to complete your Capsim Round 1 assignment. That’s where we come in – to offer you all the help you need with your Capsim round 1 assignment. We take all the pressure off you so you can focus on other things and tasks.
What to do with excess cash? You want to make sure you use cash; remember you are a business, not a bank. Your objective is to grow your company. On one side, you start with one product; it could be a high-tech or low-tech product. You can invest the cash into developing other products — because you can have up to five and you can optimize with TQM On the other side, if you already have enough products, you can pay dividends to the shareholders or repurchase your stock. Just like in the real world, your company gains value by showing revenue.
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At first, when you approach the simulation, everything looks a bit overwhelming because of the number of variables. I encourage you to take on this hurdle, and soon, you will understand how it all works. My piece of advice is not to give up; look to your instructor for help and work with all the materials you can find online. Even though there are lots of things to learn, depending on your learning style, you can find guides, presentations about making decisions, and videos made by university professors and former Capsim students.