Smartsims Support Center header

Press Release: Smartsims Support Center Goes Live!

The Smartsims Support Center is our new simulation knowledge-base. This live resource enables our simulation users to receive instant answers to their questions, as well as browse a wide range of help topics to guide them through their learning journey. The Smartsims Support Center works on any device:   Browse decision areas such as Marketing, … Continue reading Press Release: Smartsims Support Center Goes Live!

Accessing Reports from Previous Years in MikesBikes

There are various historical information available for you under the Historical Reports menu. This can be found under the “All Reports” menu, then use the drop-down box within this screen to navigate through these reports. MikesBikes Introduction The available historical reports are: Income Statement History Balance Sheet History Cashflow Statement History Factory Report History Emergency … Continue reading Accessing Reports from Previous Years in MikesBikes

Smartsims Product Updates for June 2018

Smartsims Product Updates: June 2018

We’re now halfway through the year and exciting developments are coming your way! Improved Tablet and Mobile Experience We understand that students have busy lives and are not always near their computer. So we have made it easier for them to check their results and update their decisions from their tablets and mobiles. They can … Continue reading Smartsims Product Updates: June 2018

What is a double rollover in MikesBikes Advanced and how does it work?

If you are using MikesBikes Advanced your course will most likely feature a Final Double Rollover. What is a Double Rollover? A double rollover means that the simulation will rollover twice simultaneously. A Final Double Rollover ensures your final decisions leave their company in a healthy position for long-term success. How should I plan for … Continue reading What is a double rollover in MikesBikes Advanced and how does it work?

MikesBikes Advanced Splashscreen

MikesBikes Advanced Updates: June 2018

The following MikesBikes Advanced updates will apply to new courses starting from 1 July 2018. 1. Encouraging prudent product strategy The current scenario enables students to develop as many new product development projects as they wish in a given year. Over time we have observed this can encourage some to undertake a very risky strategy … Continue reading MikesBikes Advanced Updates: June 2018

MikesBikes Intro Hall of Famer, Joe Powell

Interview with the Top Hall of Fame Student: Joe Powell

Joe Powell from Des Moines Area Community College (DMACC) managed to land the #1 spot in the MikesBikes Introduction Hall of Fame! Joe took the Introduction to Business course taught by Professor Josh Daines over at DMACC. He’s a 41 year old student and a father of 4 returning for a degree in Business Administration. … Continue reading Interview with the Top Hall of Fame Student: Joe Powell

Buy and sell capacity in MikesBikes

Buying and Selling Plant Capacity in MikesBikes Advanced

Buying Plant Capacity Plant can be purchased or sold each period in multiples of 10 SCUs. Each 10 SCU of plant costs $1,600 to buy and any new plant takes one period to be commissioned and become productive. Selling Plant Capacity Plant is depreciated in the annual accounts using the diminishing value method, at a … Continue reading Buying and Selling Plant Capacity in MikesBikes Advanced

Best Practice in Experiential Learning by Frank Voehl

While all industries have best practices, they are especially prevalent in IT given that so much of the business revolves around data and business processes. Best practices formally represent tested and proven techniques in the form of procedural documentation. In contrast, undocumented procedures are often misleading because stated parameters are not necessarily true or accurate. … Continue reading Best Practice in Experiential Learning by Frank Voehl