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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.
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The goal of Capsim is to help students relate to what happens in the real world. OneThe secret for winning lies in looking at your competition to see what they are doing, and then adapting and strategizing to do things better and make better decisions— just like in the actual competitive marketplace. There is no one set of “winning decisions,” but you can improve by practicing different strategies. First, you play eight rounds with your team. Each round represents one year of sales. You try different strategies making decisions, and all your points count toward the grade. Then, I base the class ranking on profits and determine a winning team.
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What is TQM in Capsim, and how do you use it? Total Quality Management (TQM) is an option in the game; it is a way to distinguish your products and make them better. It costs money to use this option, but it could make your product more attractive, reduce the cost of materials, lower the cost of labor, give you faster Research and Development (R&D) upgrades, add “green initiatives” and sustainable options. All of these will increase the demand for your products Expert Tip: Using this option could potentially increase your total revenue in the long run. Make sure you set a budget for this option, so you don’t overspend.