December saw New Jersey Institute of Technology run its third annual strategic management showcase where students competed against each other for various prizes. The criteria for judging the competition was based 80% on their performance in simulation and 20% on their presentation and strategic plan. The Cycle Paths (Yidi Wu, Michael Teixeira, and Amad Ellahi – … Continue reading Students go from Bankruptcy to Success
Robinson Lu is a student at Santa Clara University currently taking a business course taught by Theresa Strickland using MikesBikes Introduction. Having seen the simulation, Robinson’s competitive side took over and he dedicated hours to become the best of the best! As of the 17th of March (2017), Robinson Lu has placed 15th within our … Continue reading Hard work and dedication does pay off!
“Don’t be afraid to ask questions. Don’t be afraid to ask for help when you need it. I do that everyday. Asking for help isn’t a sign of weakness, it’s a sign of strength. It shows you have the courage to admit when you don’t know something, and then allows you to learn something new.” … Continue reading Top 3 MikesBikes Questions Students Ask
The term gamification is a relatively recent addition to the scholarly vernacular. In fact, the first documented use of the term doesn’t appear until 2008 (Detering, Dixon, Khaled, & Nacke, 2011). While there have been a number of definitions put forward, most publications agree on a general definition being the use of game elements and … Continue reading Gamification: Engaging Millennials in Business Courses through Business Simulations
“The difference between a successful person and others is not a lack of strength, not a lack of will knowledge, but rather a lack of will.” -Vince Lombardi Our 2016 MikesBikes World Champions, Helen Wheels from Algonquin College secured the top position, becoming the “Best of the Best” and Bat Wheels from the University of … Continue reading 2016 MikesBikes World Championship Competition Results
On the 6th of January, Robert Denson (President of Des Moines Area Community College) presented Mason G. Ohnemus with a plaque commemorating his amazing achievement making the MikesBikes Hall of Fame. Mason G. Ohnemus was able to apply theories he learnt in class to his simulated firm to achieve a Shareholder Value of $391.77. In … Continue reading Hall of Fame Award Presented to DMACC Student
The article below is written by Dan Bielinski, business instructor at Madison Area Technical College. As a relatively new Business Management Instructor (in my third year) after a nearly 30 year career in industry and consulting, I have found MikesBikes Introduction an extremely helpful tool for teaching real-world business concepts. In the spirit of sharing among … Continue reading MikesBikes in an Introduction to Business Course
Over this year, we have made several tweaks and improvements to our simulations: 1. Product Summary / Contribution The Product Summary – Sales, Margin, Production report has been updated in order for students to identify the contribution of each product: 2. Fines System Instructors wanting to penalize firms can do so via the Firms menu … Continue reading Product Updates for MikesBikes Introduction and MikesBikes Advanced: December 2016
How do you future proof your student’s skills and knowledge when nobody can be certain what jobs will be available? To give you an idea; we no longer need the bowling alley pinsetter, human alarm clocks (“Knocker-up“), ice cutters, lamplighters, or switchboard operators which technology and economic conditions has so readily replaced today. A recent study by … Continue reading Future Proofing Your Student’s Skills
Written by Russell E. Holmes, a business and law instructor, at Des Moines Area Community College. It All Began… A few years back my business department decided to incorporate a business simulation game into our Introduction to Business course. The college felt our introductory business course would become more acceptable as a transfer course to … Continue reading An Instructor’s Experience: From MikesBikes Critic to True Fan