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

June 15, 2018Student Advice, Business Simulator, Business Simulation, NewsNatasha Vaglenarova

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 Updates: June 2018

June 14, 2018Product Updates, Business Simulator, Business Simulation, NewsCamille Canuto

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 →

The MikesBikes Dog has now Retired

June 8, 2018Product Updates, Business Simulation, NewsCamille Canuto

We are currently in the process of updating the simulation interface and as part of this process, the MikesBikes Dog will be replaced with a new way of giving students a quick indication of their firm’s health. As they say, some good things need to end for better things to begin. As we bid farewell … Continue reading The MikesBikes Dog has now Retired →

Interview with the Top Hall of Fame Student: Joe Powell

June 6, 2018Student Advice, Business Simulator, Business Strategy, Experiential Learning, Business Simulation, NewsCamille Canuto

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 →

Buying and Selling Plant Capacity in MikesBikes Advanced

May 31, 2018Student Advice, Business Simulation, NewsCamille Canuto

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

May 28, 2018Teaching Methods, Experiential Education, Experiential Learning, Business Simulation, NewsCamille Canuto

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 →

Question of the Week: What does the Awareness Rating mean and how do you influence it?

May 18, 2018Student Advice, Business Simulation, NewsCamille Canuto

Awareness refers to the degree of knowledge that customers have about a product in the market. This is knowledge not only that the product exists, but also information about benefits, quality, price, design, and style; in particular as compared to its competitors. In MikesBikes, your product’s awareness is a factor of both your Product Advertising … Continue reading Question of the Week: What does the Awareness Rating mean and how do you influence it? →

External Funding Options in MikesBikes: Debt or Equity?

May 16, 2018Student Advice, Business Strategy, Business Simulation, NewsNatasha Vaglenarova

In MikesBikes, funding large investment options such as purchasing additional plant capacity and development projects may require additional capital. Raising Debt or Equity are ways companies can raise additional funds to finance these large projects or investments. In deciding whether to increase Debt, issue Shares or a combination of both; companies should assess their current … Continue reading External Funding Options in MikesBikes: Debt or Equity? →

Why is Shareholder Value the Main Metric in MikesBikes?

May 15, 2018Teaching Methods, Business Simulation, NewsCamille Canuto

Here are some reasons why Shareholder Value is the main metric in MikesBikes: There are arguments for and against any metric you might choose. However, if there is a single metric on which students are measured, Shareholder Value is better for grading in most courses. This metric is simple to understand, capture and reward both financial … Continue reading Why is Shareholder Value the Main Metric in MikesBikes? →

Don’t Make These Mistakes in the MikesBikes Advanced Business Simulation

April 27, 2018Business Simulation Hints Tips Cheats, Student Advice, NewsCamille Canuto

“Success does not consist in never making mistakes, but in never making the same one a second time.” – George Bernard Three of the most common mistakes we see MikesBikes Advanced users make are: Misunderstanding the Importance of Reaching the Right Customers Failed Development Projects Excessive Stock on Hand Mistake#1: Misunderstanding the Importance of Reaching … Continue reading Don’t Make These Mistakes in the MikesBikes Advanced Business Simulation →

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