“Don’t waste a good mistake, learn from it.” – Robert Kiyosaki Is your MikesBikes Company struggling to make sales or losing cash? If your firm’s financial position has stagnated or is deteriorating, don’t lose hope. This is a great opportunity for you to review your strategy and make changes, and in the process, learn valuable … Continue reading Five Effective Ways to Improve Your MikesBikes Performance
High Schools, Community Colleges and Universities in Pennsylvania are being pressured to prove that their school curriculum is improving overall student knowledge, retention rate and employability. Studies show that business simulations provide students with experiential, reflective, action-oriented and discursive learning (Hoover et al., 2001), and Drexel University is a fantastic example of a school that has … Continue reading Why Drexel University Loves Business Simulations (And You Should Too!)
Before everything else, getting ready is the secret of success. Henry Ford This week, we’re featuring one of the latest Hall of Fame entrants, Logun Williamson from the University of Utah. He landed 10th place in the Music2Go Multi-Player (All Time) Hall of Fame. The Smartsims team reached out and interviewed Logun to speak on his … Continue reading Getting Ready is the Secret of Success
Are you thinking about incorporating business simulation games into your courses or training programs? Studies have proven that business simulations have the potential to improve student engagement, learning and employability. However, whether you are a new or experienced simulation user, it is extremely important to look for the best strategies to ensure smooth integration of … Continue reading 5 Effective Teaching Strategies for Business Simulation Games
Bonilla Ice, a company ran by Brian Bonilla from Santa Clara University landed sixth place in the 2016 MikesBikes World Champs. The Smartsims team reached out and interviewed Brian to speak on his experiences, the lessons he learned and advice he would give future students. What is your decision making process within the simulation? The … Continue reading Success Lies in Knowing Your Weaknesses and Playing to Your Strengths
As tuition prices in the US continue to rise, and the job market in New York and nationwide becomes more competitive, the challenge is for recent graduates to gain real-world experience without taking on unpaid internships and more debt. In today’s work climate, graduating students face a catch-22; they need job experience in order to … Continue reading How Business Course Instructors Can Help Students Avoid Costly Internships With Simulations
Naming your company is one of the most important decisions when establishing a new business. It forms the foundation of your company’s brand and is key to a lasting first impression. However, coming up a name for your business is often as challenging as it is important. So what are the best ways to pick a creative, meaningful or … Continue reading How to Create the Best Company Name for your Business
To truly grasp the impact strategy and management decision-making have on business outcomes, students need real world experience. Smartsims business simulations encourage student engagement and accelerate learning by giving students their own business experience.
Dr. Sprocket from the University of Auckland landed third place in the 2016 MikesBikes World Champs. The team consists of Nicholas Goddard, Philipp Noack, Meng Zhang, Tingyu Fu and Yanxin Jifrom (pictured above). The Smartsims team reached out and interviewed Dr. Sprocket to speak on their achievement, experiences and advice they would give future students. … Continue reading Practice Makes Perfect!
The video below will demonstrate how to make a Sales Forecast for an existing product and a new product in MikesBikes Introduction, as well as the complementary production decisions for both. We have provided you with the script for the video below to read through: “This video will demonstrate how to make a Sales Forecast … Continue reading How to Forecast Sales in MikesBikes Introduction