Mastering The CapSim Simulation: A Comprehensive Guide.
Strategies to help you achieve a sustainable competitive advantage.
TLDR: A link to tons of guides, videos, and templates are here https://psychologyofbusiness.beehiiv.com/p/capsim-materials
When I was a student I had to do CapSim. The simulation was frustrating to learn and I didn’t quite understand it. It was basically a more boring version of Roller-Coaster Tycoon. Fast-forward to the end of that semester, and I found that the simulation was actually fun. I could make business decisions and battle against the other students in my course. Following the success I had as a student, I have gone on the be a TA and instructor teaching this simulation.
Despite the resources available to students in learning the simulation, many often find it frustrating to learn the “rules of the game”. The best way to look at this simulation is like a game. Just when you learn a card game or board game, it takes time and practice to truly understand the ins and outs of it.
The CapSim Business Simulation is a “game” that incorporates all aspects of business under one roof. As the owner of the company, you are in charge of research and development (R&D), marketing and sales, production, human resources (HR), total quality management (TQM), finance, and more. This simulation is often employed as a capstone project in Strategic Management courses near completion of a business degree. The game is effective in allowing students to make strategic decisions while incorporating the aspects from the other various departments.
I have put together a comprehensive guide for LEARNING the CapSim Simulation. I will not do it for you. This guide is not a cheat sheet (in the cheating sense). It will help you learn and give you the tools needed to thrive in your class. The resources included in the guide are:
Capsim Round 1 Walkthrough
Capsim 4 Round Walkthrough
Capsim Formula Sheet
Capsim Marketing and Forecasting Sheet
Capsim Marketing Resources
Capsim Production Resources
Capsim R&D Resources
Capsim Ideal Spots
Capsim Sample process to complete a round
Capsim Situation Analysis Walkthrough
Capsim TQM Tips
Access the CapSim Simulation Materials here: https://psychologyofbusiness.beehiiv.com/p/capsim-materials