The video above will demonstrate how to make a Sales Forecast for an existing product and a new product, as well as the complementary production decisions for both. Just a note that for our example in calculating the Planned Production units for our existing product, you will see that we have Closing Inventory. However, if … Continue reading How to Forecast Sales in MikesBikes Advanced
It has been a big year for the Smartsims team! We have updated our logo and are now ecstatic to announce the launch of our new website! There are many new exciting features that are a part of this! You may have already noticed: Resources Section Under the resources menu you will find: Case Studies, … Continue reading Smartsims’ New Website
Why is calculating your Total Capacity important? While the simulation shows you your firm’s current total capacity, you can use this calculations to predict the amount of bikes your firm can produce in upcoming years; work out if you need to reduce or increase your capacity or; question whether there is an imbalance between your … Continue reading Calculating Total Capacity
Designing a course requires professionals, topic experts, and a deep understanding of students’ needs. The long and short of it – course design takes time. Therefore, we are creating a series of articles on how select Smartsims clients employ business simulations to engage their students. This article follows Professor Darl Kolb of the University of … Continue reading How to Design a Business Course around MikesBikes Advanced
The video above will run you through the offline mode; what it is and how to launch it within all of our simulations. Please do note that some courses have the offline mode disabled, in which case you won’t have the option of launching an offline mode to test your Multi-Player decisions. We have provided … Continue reading Tutorial Video: How To Use Offline Mode (All Simulations)
Rezyl, Jaya and Maria (pictured above) form the team “Aether Bikes” from King’s Own Institute, Australia. While competing with other teams within their course (taught by Rex Walsh), Aether Bikes managed to achieve First Place within our MikesBikes-Intro Top 20 Hall of Fame! Why is this significant? What does it mean? Our Hall of Fame … Continue reading Jaya, Maria And Rezyl Share Their Journey To First Place
There’s a social media trend that’s been going on for quite a while now, where you post old photos or memories from the past to share among your friends. Along with the photo is your caption, for which you will add either #FlashbackFriday, #TBT, #ThrowbackThursday or both if you wish. These hashtags denote that your … Continue reading Flashback to MikesBikes Way Back When
“Education is not the learning of facts, but the training of the mind to think” – Albert Einstein Instructors have felt the pull away from traditional teaching methods such as pure theory and case studies thanks to technological advancements in ICT and education. The student of today has been raised in an environment of connectivity … Continue reading The Benefits Of Business Simulations
This video demonstrates how to modify an existing product in the MikesBikes Advanced Strategic Management Simulation. You should also watch the MikesBikes Advanced Video 5 – Design & Development video. Below is the script for this video: This video will demonstrate how to modify an existing product in MikesBikes Advanced. This is done by: 1) Creating … Continue reading Tutorial Video: How To Modify an Existing Product in MikesBikes Advanced
There are many reasons you should consider implementing experiential learning in the form of business simulations in your business course. Here at Smartsims we consider the following to be the best. Information Retention: Students are 80% more likely to retain the information as students are actively learning rather than listening, reading or writing about a … Continue reading Why use Business Simulations?