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
If you were to walk into a computer lab with students playing MikesBikes, one of the questions or topics of interest that will be discussed is ‘Dividends’. Specifically, when is the best time to pay it and is it worth it? This article, besides showing off the beautiful New Zealand landscape, will allow you to … Continue reading Dividends: When is the best time?
The short answer? Yes! It absolutely does matter. Not only do people listen/watch different media to each other but each media type is engaged in differently.
Traditional methods of teaching via pure theory have dominated the educational landscape for generations, but technological advancements have disrupted not just how we do things, but also how we process information and learn. That is, there are now significant drawbacks of traditional teaching methods negatively affecting students’ learning. Identifiable limitations of traditional/theory based education include: … Continue reading How Business Simulations Solve Problems with the Modern Classroom
Landing on this page means you have come searching for answers to the question: “How do I maximize my total marketing contribution?” To answer this we first need to establish an understanding of what Total Marketing Contribution is and why it is important. What is Total Marketing Contribution? Why is it important? Total Marketing Contribution is typically … Continue reading Music2Go Tip: Improving Total Marketing Contribution
Besides the view of the Auckland skyline and the iconic Skytower, it is likely you have come to this page searching for the answer to the question: “Does the leftover marketing budget rollover to the next period?” The short answer? No. It is therefore in your best interest to spend the entirety of your marketing … Continue reading Music2Go Tip: Leftover Marketing Budget