Product Updates for MikesBikes Introduction and MikesBikes Advanced: December 2016

December 1, 2016Product Updates, NewsCamille Canuto

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 →

Future Proofing Your Student’s Skills

November 15, 2016Teaching Methods, Experiential Education, NewsCamille Canuto

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 →

An Instructor’s Experience: From MikesBikes Critic to True Fan

November 11, 2016News, Case Study, PopularTeaching Methods, Teaching Business, Foundations of Business, Principles of Business, Experiential LearningCamille Canuto

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 →

Dividends: When is the best time?

October 20, 2016NewsCamille Canuto

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? →

Music2Go Tip: Allocating your marketing budget

October 13, 2016NewsCamille Canuto

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.

How Business Simulations Solve Problems with the Modern Classroom

October 12, 2016NewsCamille Canuto

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 →

Music2Go Tip: Improving Total Marketing Contribution

October 6, 2016NewsCamille Canuto

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 →

Music2Go Tip: Leftover Marketing Budget

September 29, 2016NewsCamille Canuto

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 →

How to Forecast Sales in MikesBikes Advanced

September 17, 2016Student Advice, NewsCamille Canuto

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 →

Smartsims’ New Website

September 15, 2016NewsCamille Canuto

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 →