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
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?
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
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
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!
“Don’t be afraid to ask questions. Don’t be afraid to ask for help when you need it. I do that everyday. Asking for help isn’t a sign of weakness, it’s a sign of strength. It shows you have the courage to admit when you don’t know something, and then allows you to learn something new.” … Continue reading Top 3 MikesBikes Questions Students Ask
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
“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
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