A Highly Effective and Powerful Learning Methodology For Learning both Hard and Soft Business Skills By Don Jones It has been known for thousands of years that experience is a powerful way of learning. The famous and often quoted words of the 6th Century B.C. Chinese Philosopher Lao Tsu echo the ancient wisdom that underlies … Continue reading People Development and Learning Through Simulation
The video above will show you how you can launch a new product in the MikesBikes Advanced Strategic Management Simulation. The written script for the video is below: “In MikesBikes Advanced, you can choose to undertake Product Development to enable you to launch new products and modify existing products. In this short video, I will … Continue reading Tutorial Video: How To Launch A New Product in MikesBikes Advanced
Student dropout rates cause serious concern for society and higher-education institutions. A 1993 study showed 40% of students leave without receiving a degree and 75% of those drop out within the first two years of college (Tinto, 1993). This has shown little improvement over time. In 2013 only 59% of students of students graduated within … Continue reading The Solution to Student Dropout Rates
Sun Tzu was a legendary Chinese military general who authored The Art of War, an ancient book on military strategy. His principles have been used by leaders for over 2,000 years, and today are used by business strategists to gain the competitive edge. As a student using the MikesBikes Business Simulation you not only … Continue reading The Art of War and MikesBikes
Engaged students are effective learners. Disengaged students suffer, avoid learning and fall behind. Studies show that a typical undergraduate student is spending less and less time studying outside of class with each passing year. Student drop-out rates are increasing and students are taking longer to complete their four-year degrees. Therefore, it is imperative for instructors … Continue reading Are my Students Engaged? Three Symptoms of Disengaged Students
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Apart from the easy to use nature of our simulations, one of the most significant points of difference with our product offering is the World Class Customer and Technical Support Services associated with the sale, marketing and adoption of our simulations worldwide. Those who know us and have worked with us at McGraw-Hill Education will … Continue reading Smartsims World Class 24/7 Support
Cheers were heard from Auckland’s Amora Hotel conference room as 31 students from the University of Delaware’s study abroad program participated in a MikesBikes-Intro Business Simulation competition on the 11th of January. Facilitated by Smartsims, the MikesBikes-Intro Business Simulation allows student teams to run their own virtual bicycle manufacturing business as they compete against other … Continue reading University of Delaware Visits Smartsims
“The secret to success is to do the common thing uncommonly well.” -John D. Rockefeller Jr. When students ask us for advice on what to do or how to achieve a high Shareholder Value, we tell them, making decisions that closely mimic the initial or default set of decisions will not help add value. You … Continue reading SOM Strategic Management Showcase at NJIT
Iron is defined in the dictionary as “strong and capable of great endurance”4, while an Accountant was defined by Peggy Bishop Lane (Wharton Accounting professor) as someone who can speak the “language of business”.4 She said Accounting is the language of business as “it’s how businesses communicate about what they’re doing to their investors and … Continue reading The Third Annual Iron Accountant Competition at Loyalist College