MikesBikes World Champs

MikesBikes World Champs

The MikesBikes World Champs (MWC) is an opportunity for the best performing MikesBikes teams from around the world to compete for the title of MikesBikes World Champion. Entrance is FREE for all participants. The 2019 MikesBikes World Champs is now complete: Final Results and Standings All Time MWC Wall of Champions. How do I enter the competition? Smartsims will … Continue reading MikesBikes World Champs

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Latest Hall of Fame Updates and New Entrants

2019 Fourth Quarter Hall of Fame Update MikesBikes Introduction New Entrants | Single-Player  In the Single-Player Hall of Fame, landing first place, we have Derrick Schmidt from Madison College. He achieved a Shareholder Value of $262.15. MikesBikes Introduction New Entrants | Multi-Player  We have two students also from Des Moines Area Community College. At 3rd … Continue reading Latest Hall of Fame Updates and New Entrants

MikesBikes-Business-Simulation-featured-in-Rethinking-Undergraduate-Education

MIKESBIKES BUSINESS SIMULATION IN “RETHINKING UNDERGRADUATE BUSINESS EDUCATION”

The [MikesBikes] business simulation does a superb job of teaching students to link concepts with experience and motivating them toward their future studies in business. COLBY, A., EHRLICH, T., SULLIVAN, W. & DOLLE, J. (2011) RETHINKING UNDERGRADUATE BUSINESS EDUCATION: LIBERAL LEARNING FOR THE PROFESSION Rethinking Undergraduate Business Education: Liberal Learning for the Profession Textbook What … Continue reading MIKESBIKES BUSINESS SIMULATION IN “RETHINKING UNDERGRADUATE BUSINESS EDUCATION”

company selling subsidiary

Takeovers: Selling Your Subsidiary | MikesBikes Advanced Business Simulation

You can sell your shareholding in a company at any time. The sale price is based on the Share Price of the subsidiary at the end of the period in which you choose to sell. The financial decisions you make for your subsidiary during the sale period will be ignored. Any loans outstanding when you … Continue reading Takeovers: Selling Your Subsidiary | MikesBikes Advanced Business Simulation

Standard Segment in Music2Go featured image

Market Segments in Music2Go Marketing Simulation: Standard Segment

This article will be a three-part series introducing the market segments in Music2Go Marketing Business Simulation. In this article, we’ll be talking about the Standard Segment. Market Segments in Music2Go Marketing There are three market segments in Music2Go – Standard, Youth, and Sports (Multi-Player only). These segments have different sizes, projected growth, sensitivity to price, … Continue reading Market Segments in Music2Go Marketing Simulation: Standard Segment

group of people with thumbs up - business simulations are where mistakes are encouraged

Business Simulations: where making mistakes are encouraged

Making mistakes simply means you are learning faster. Weston Agor Who likes making mistakes? Majority of us probably don’t like making one or try our best to avoid it. In school, we always thrive to do the best we can to avoid making mistakes in our exams or essays to avoid failing. At work, would … Continue reading Business Simulations: where making mistakes are encouraged

Correcting a failed product development project

Question of the Week: How do I correct a failed Product Development Project? | MikesBikes Advanced Business Simulation

You want to get product development projects right the first time as this can be a costly mistake. It can mean either your Unit Prime Cost is higher than you want and/or your specifications are not as you wanted resulting in a lower demand for your product if they are wrong. There could be two … Continue reading Question of the Week: How do I correct a failed Product Development Project? | MikesBikes Advanced Business Simulation

CRM System in AdSim Advertising Simulation

Customer Relationship Management in AdSim Advertising Simulation

What is Customer Relationship Management (CRM)? Three periods into the simulation and you will be given control of your firm’s Customer Relationship Management strategy. Customer Relationship Management or CRM is an approach to manage a company’s interaction with current and potential customers. Retention of Existing Customers is a key part of how to win AdSim … Continue reading Customer Relationship Management in AdSim Advertising Simulation