7 Reasons Business Simulations Help U.S. Students Succeed in a Global Marketplace

March 29, 2017Experiential Learning, NewsIan McPherson

The world is continually becoming smaller, and today’s students face the very real challenge of competing for jobs in a global marketplace where languages, culture and hands-on experience are critical to a successful job application. Many business students in Boston and other business school hubs across the United States find it difficult to secure a … Continue reading 7 Reasons Business Simulations Help U.S. Students Succeed in a Global Marketplace →

Question of the week: What factors influence the Products Specs Index in the Market Summary Report?

March 29, 2017Student Advice, NewsCamille Canuto

The Product Specs is a statement of how a design is made, what it is intended to do and if it complies with the preferences of each market segment. The ideal product attribute levels desired by each segment and the actual attribute levels for all products on the market are in the Market Segments and … Continue reading Question of the week: What factors influence the Products Specs Index in the Market Summary Report? →

2017 QS World University Rankings

March 22, 2017NewsCamille Canuto

We are proud to announce that 8 Smartsims Business Simulation users entered this year’s QS World Ranking’s Top 150 Schools in Social Sciences and Management. A big congratulations from all of us here at Smartsims! The QS World Rankings by Subject ranks the world’s top universities in individual subject areas. Each of the subject rankings is … Continue reading 2017 QS World University Rankings →

Question of the Week: How do we ensure that our factory is operating at its optimum level?

March 22, 2017Student Advice, NewsCamille Canuto

In MikesBikes, as in real life, your factory is most effective when the capacity of your workers is well matched to the capacity of your plant. The formula used to calculate your Total Capacity (SCU) is: Total Capacity (SCU) = √ (Factory Workforce Capacity SCU * Plant Capacity SCU) This equation allows you to emphasize one form … Continue reading Question of the Week: How do we ensure that our factory is operating at its optimum level? →

Third Annual Strategic Management Showcase at NJIT

March 21, 2017NewsCamille Canuto

Last December, NJIT’s Martin Tuchman School of Management ran its third annual Strategic Management Showcase. The top-performing teams from the 2016 Fall Semester Capstone course were selected to compete using MikesBikes Advanced for prizes. The criteria for judging the winning team was 80% on their performance in the simulation (i.e. based on the Shareholder Value) and … Continue reading Third Annual Strategic Management Showcase at NJIT →

Students go from Bankruptcy to Success

March 20, 2017NewsCamille Canuto

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 →

Hard work and dedication does pay off!

March 16, 2017NewsCamille Canuto

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! →

Gamification: Engaging Millennials in Business Courses through Business Simulations

February 21, 2017Teaching Methods, Experiential Education, Business Simulation, NewsCamille Canuto

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 →

2016 MikesBikes World Championship Competition Results

February 16, 2017NewsCamille Canuto

“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 →