January 14th, 2013 - Posted by Wendy Guest
In their observations of student teams working through the simulation, many professors confirm what the research into team dynamics clearly demonstrates: functional teams produce better results.
January 11th, 2013 - Posted by Brendan Langen
Professor Robert Girling of Sonoma State University is one such professor. With Capsim since the early days of online-based business simulations, Girling is nearing his 20th year using Capsim, and it doesn't sound like he would change a thing.
January 10th, 2013 - Posted by Big Al
Usually this time of year I've got a deep tan. Not a lot of people can get comped in Vegas during the holidays; I can, but not this year. Duty called.
Roy, my assistant, had the wipers on high and the defroster on maximum. A Nor'easter was blowing and would the entire ride from my home in New Jersey to Washington, D.C. Washington's not Vegas, but there's still plenty of action. We were questioning if the government would double-down and take another spin or walk away from the table.
January 8th, 2013 - Posted by Brendan Langen
Simulations have been used as training tools for years in fields such as aviation, biomechanics, engineering and, of course, business. Even in the medical field, simulations are used quite frequently to teach diagnostic and training procedures. However, a breakthrough development has come along in medicine, as scientists are now using simulations to discover how HIV evolves in the body.
November 28th, 2012 - Posted by Brendan Langen
When Professor Robert Björklund suggested that Woodbury University integrate Capsim business simulations throughout their entire business school curriculum in 2003, he heard some disagreement from others in the business school. Faculty was concerned that the simulations may be a duplicate experience if both undergraduate and graduate students participated, but Professor Björklund wasn't worried. After implementation, his claims were validated. "It became clear that participating in an undergrad setting may help the student know the program, but the simulation operates at a completely different level when you are part of a roomful of MBA students," he said.
November 20th, 2012 - Posted by Reda Chafai
CHICAGO, Ill., November 20, 2012: Approximately 1800 students from more than 280 universities around the globe competed in the Capsim Challenge in November, with 12 teams qualifying for the 48-hour, high pressure business simulation playoffs this past weekend.
November 19th, 2012 - Posted by Wendy Guest
QR codes are everywhere - on billboards, in newspapers, on bus advertising: even in the Capsim Team Member Guides, linking to fast-tip videos that are also available under Coach in the Capsim spreadsheet.
November 19th, 2012 - Posted by Wendy Guest
CapsimU - Capsim's social media brand - is launching to answer your student's questions on the platforms they use everyday: Twitter, YouTube and Facebook.
November 19th, 2012 - Posted by Wendy Guest
Capsim's new online knowledge-based customer service system is available seven days a week to provide instant answers, and to log support tickets for fast email response from our staff.
November 15th, 2012 - Posted by Brendan Langen
Breaking news from Capsim! We have the finalists from the Challenges for Foundation and Capstone! Good luck to those moving on in the final rounds, and thank you for all who participated in the Fall 2012 Challenge. We hope you enjoyed it.
November 7th, 2012 - Posted by Wendy Guest
Chicago, IL - Who ever sold their art by keeping it in the closet? Art Advisory, Ltd. and Capsim Management Simulations, Inc. are seeking art submissions and ten Chicago area BFA or MFA students to display their work during a 6-month corporate exhibition beginning January 7, 2013. The exhibition will be housed in Capsim's downtown Chicago office.
September 27th, 2012 - Posted by Wendy Guest
Capsim Management Simulations, Inc. Partners with Art Consultant to Sponsor "The Business of Art" Student Seminar and Art Exhibition
Chicago, IL September 27, 2012 - Move over Donald Trump: Art Consultant Susan Blackman, President of Art Advisory, Ltd., will critique local art students during "The Business of Art" seminar on Friday, September 28, from 2pm-5pm at the 55 E. Monroe Street offices of Capsim Management Simulations and Goldberg Kohn. While she won't be as harsh as "The Donald," Blackman will go through each student exhibitor's portfolio and "slam them...in a very nice way."
September 25th, 2012 - Posted by Brendan Langen
Professor Rick Kelso prides himself on helping students see the big picture. And while he may have taken his strategic management teaching on the road, he still connects students to business with Capstone Business Simulation.
Kelso, an instructor in the Department of Management & Organization at University of South Florida's College of Business, recently taught a five-day MBA course at ISEADE in El Salvador that required tailoring the simulation and teaching to the diverse environment at hand. "On the first day of class, I had to bring in an interpreter," Kelso said.
September 10th, 2012 - Posted by Big Al
I spent the summer in London. Not my favorite place to be that time of year, though the Lemon Shanties make it a little more bearable.
I was helping out an old crony who was trying to get to the bottom of a major issue. You might have read about it. It's named after a large marine mammal. There've been some Congressional hearings. It's a nine figure loss for my crony— a high nine figure.
May 30th, 2012 - Posted by Brendan Langen
In the center of the United States - in Iowa - a consciousness-based learning university is proving their MBA program has the capabilities to compete with the best business schools in the world. By scoring in the 99th percentile in a recent business simulation competition, a team of students in Dr. Andrew Bargerstock's MBA program at Maharishi University of Management found themselves ranked 1st out of 137 other teams to make the Finals of the Foundation Business Challenge.
April 19th, 2012 - Posted by Brendan Langen
In Capsim's Top 10 rankings, high performing business schools regularly appear top of the list - schools such as Notre Dame's Mendoza College of Business, University of California Berkeley's Haas School of Business, Southern Connecticut State University........yes, that's correct.
April 16th, 2012 - Posted by Big Al
I'm going to tell you something about myself that might surprise you—I like to read. Doesn't matter to me if the book's on an eReader or a bound copy from the library, words are words. Now that I've mentioned this, it should not be a surprise that some of my favorite books are in the sub genre of financial crime!
March 30th, 2012 - Posted by Big Al
You know that I know the value of a buck, so I was at a loss for words when my assistant Roy asked "the Capsim Challenge, what's in it for them?"
March 21st, 2012 - Posted by Brendan Langen
Capsim Business Simulations are usually seen as a great way to emphasize competition in the classroom, but one professor has found a more laid-back approach much more effective.
February 24th, 2012 - Posted by Big Al
I've been in Greece. You've probably read about my success there, but you didn't see my name. Sometimes I like it that that way.
I'm not going to bore you with platitudes like "Tough Love" or "Bite the Bullet." The folks there had difficult choices. From my side of the table, the issue was clear. "Come to an agreement with us lenders or risk causing a collapse of the global economy. I don't need to tell you what that would do to olive oil exports."
February 21st, 2012 - Posted by Wendy Guest
Joel Goldhar has been using Capsim to teach students about the real world of business for over 15 years. For Professor Goldhar, who teaches Operation and Technology Management for the Stuart Graduate School of Business at the Illinois Institute of Technology, the most important element of Capsim Business Simulations is how it provides real world business experience to students.
February 10th, 2012 - Posted by Kirsten Hansen
Previously, we introduced a framework that you can use to shape ethical discussions in your classroom. Today, we will talk about why these discussions are crucial for your students before they get into the corporate world.
February 2nd, 2012 - Posted by Kirsten Hansen
The following is a suggested template to guide your class discussion about the ethical issue or dilemma that will engage your students during the business simulation experience. Of course, you may provide your students with an alternative model to help shape your discussion in a different way.
January 24th, 2012 - Posted by Reda Chafai
For those of you who don't know, Big Al is the Capsim lender of last resort. When Capsim companies run out of money, Big Al arrives, with a checkbook and a smile, to write a check that covers the shortfall - at above market interest, of course!
It's time to put a face to the infamous name. We have created seven possible looks for Big Al, and we want his "clients" to make the final decision. Please take a look at the rough sketches below and vote for the one you like best.
January 24th, 2012 - Posted by Kirsten Hansen
We've already covered the Utilitarian, Rights, Fairness, and Common Good Approaches. Last but not least, the Virtue Approach.
January 18th, 2012 - Posted by Brendan Langen
Imagine you must deliver a semester long MBA course - in one week. How would you rework your curriculum? As a strategy professor and Director of the Online MBA program at University of Texas at Dallas, Larry Chasteen, Ph.D. has faced this problem. Professor Chasteen found his solution in Capsim's Foundation business simulation.
January 17th, 2012 - Posted by Big Al
Now that the holidays have passed, I'd like to discuss something that's sticking in my craw. Seems there's a fair number of you who do not believe I exist. Like my red-suited friend, who shall remain nameless, but who tends to be discussed each year towards the end of December, I find myself the subject of much speculation and doubt.
January 16th, 2012 - Posted by Kirsten Hansen
The fourth of the five theories is the Common Good Approach. When debriefing an ethical dilemma, the Common Good Approach can be useful when the issue involves, or should involve, the overall picture or environment.
The Common Good Approach regards all individuals as part of a larger community.
January 10th, 2012 - Posted by Kirsten Hansen
We are in the middle of reviewing popular western ethical theories you can use to debrief a case or ethical dilemma in your class.
The Fairness Approach focuses on the fair and equitable distribution of good and harm, and/or the social benefits and social costs, across the spectrum of society.
January 3rd, 2012 - Posted by Kirsten Hansen
Last time, we talked about the Utilitarian Approach to ethical decision-making. More generally, we are reviewing five theories that provide the ethical building blocks you can use in your classroom to debrief any ethical dilemma. Of course, every dilemma can be dissected using more than one approach, and thus, the end result or decision may be different depending on the road taken.
December 19th, 2011 - Posted by Kirsten Hansen
Last time, we talked about the significance of shaping an ethical character and mindset. This allowed us to segue into the various ethical approaches or theories that provide the ethical building blocks you can use in your classroom to debrief any ethical dilemma. Of course, every dilemma can be dissected using more than one approach, and thus, the end result or decision may be different depending on the road taken. Our first approach: Utilitarian.
December 15th, 2011 - Posted by Big Al
You might remember reading about a brokerage company that filed for bankruptcy a few weeks ago. It was run by a dear friend of mine. Seems they had a cash shortfall of more than a billion American. My friend knows I routinely lend amounts in that range, so he gave me call. Now I like to think I'm discrete, but he and I are good friends—we both have healthy appetites for risk—so I'm sure he won't mind if I relate to you our conversations.
December 12th, 2011 - Posted by Kirsten Hansen
As we saw in last week's BP example, many questions can be raised after the fact, after a corporate and environmental disaster occurs. A series of small, even unrelated, decisions can culminate in "the perfect storm" of cumulative effect.
December 9th, 2011 - Posted by Brendan Langen
Professor Gary May knows that teamwork is much more than just a word. For Gary and his students at Clayton State University in Georgia, it's a dynamic process.
"I use a three-part process for both my undergraduate and MBA classes to teach collaborative team skills within the context of the simulation," May says. The method provides students with a deeper understanding of team-building and the importance of each functional part of a team.
December 5th, 2011 - Posted by Kirsten Hansen
In the last few weeks, we've discussed some misconceptions of what ethics is based on Claire André and Manuel Velasquez's article, "What is Ethics?" Now, let's mull over the significance of ethics in your classroom. We will have a similar post in the following weeks that deals, essentially, with the question: why should we care that our students care?
November 28th, 2011 - Posted by Kirsten Hansen
We have already reviewed what ethics is, and last week we began discussing what ethics is not. Today, we will wrap up our discussion of what ethics is not.
November 21st, 2011 - Posted by Kirsten Hansen
Last week, Capsim talked about what ethics is. Today, we will discuss what Ethics is not.
There is a natural tendency to overlay our wants, needs and beliefs on an ethical issue, only to obfuscate the facts and undermine an ethical line of reasoning. Claire André and Manuel Velasquez review these misconceptions in their article, "What is Ethics?" which contributes to the summary here.
November 15th, 2011 - Posted by Wendy Guest
Aspiring CEOs from more than 280 universities on five continents competed in the Capsim Challenge in November, with 12 teams qualifying for the 48 hour, high pressure business simulation playoffs last weekend.
November 15th, 2011 - Posted by Reda Chafai
Capsim Management Simulations has introduced the first interactive business simulation with 'plug-in' case studies to provide students with ethical decision-making experience in a competitive business context.
November 14th, 2011 - Posted by Kirsten Hansen
It is always easier in hindsight to see how we might have done things differently. So, how can ethical reasoning help us identify what our options might be before we act and evaluate which of those options might be the most appropriate course of action?
November 11th, 2011 - Posted by Big Al
I'm a little miffed that not one of these "Occupy" movements has mentioned me. You know what I'm talking about, the tens of hundreds of protesters who have camped out near Wall Street in New York and other financial centers these past several weeks. The protesters are speaking out against what they call corporate greed, and what I call a reason to get up in the morning. Like yesterday, I lent one company, I think it was called Andrews, $280 Million at 18% interest—a legitimate transaction. You'd think the protesters would say something about me, they've got plenty to say about big banks and brokerage houses.
November 7th, 2011 - Posted by Kirsten Hansen
Welcome to the Ethics Connection! This series is dedicated to educators like yourself who teach business ethics in the classroom. It will lay out the ins and outs of business ethics every Friday for the next several months. We welcome your own thoughts and opinions as we attempt to create a discussion in business ethics for the academic community.
November 3rd, 2011 - Posted by Brendan Langen
Professors can deliver Capsim business simulations to their students in many different ways. One man who knows that is Professor Derrick Walters.
In Professor Walters' Adult Studies program, he faces a tough task - squeezing an 8 round Capsim simulation into a 6 week course. He first tried to run rounds in-class, but due to his course-work requirements, "In our situation, the approach was unacceptable."
October 13th, 2011 - Posted by Big Al
Big Al here. I've helped a lot of struggling companies through the years. I know the signs: bloated inventory, unfunded plant purchases, products that are sold for less than the cost of production. I can smell a client a mile off. So I was very surprised to read in the papers about Groupon, the Chicago-based company that was the darling of the Internet...
October 10th, 2011 - Posted by Reda Chafai
Twice each year, Capsim alumni square off in a battle to be the ultimate champion of the Capstone and Foundation business simulations. The two week challenge pits former users in a race to determine the best in the world. Students may compete alone or in a team to take the crown.
October 3rd, 2011 - Posted by Wendy Guest
For professors pondering whether to attend an upcoming Capsim User Seminar, the words of someone like Dave Luvison of DeVry University may be of assistance.
"It's valuable to learn how other professors are teaching and to gain the experience of playing the simulation from a student's perspective," Luvison said. "It was foolish to not attend before."
September 27th, 2011 - Posted by Brendan Langen
Health Care Management classes may not immediately seem like a fit for Capsim business simulations, but University of Findlay in Ohio professor Josephine Kershaw Ph.D has found Capsim to be a linchpin for her course. "Using Capsim along with cases makes my class interactive by nature, which easily allows for improvement as students learn from their mistakes."
September 9th, 2011 - Posted by Wendy Guest
Professor Janis Dietz wants her business classes to be as close to real life as possible, so she sets performance goals for her students during each round of Capstone Business Simulation in her course. If they reach their targets - just as in the real world - they earn a bonus.
September 2nd, 2011 - Posted by Brendan Langen
"I need help debriefing my class," is one of the most common requests Capsim receives from professors. Well, the wait is over. Because of your suggestions, Capsim has launched a Debrief Rubric Report as part of its 2012 product line. Now, no matter what the situation, you can still deliver a comprehensive debrief to your students.
August 25th, 2011 - Posted by Wendy Guest
Stepping back into a student's shoes can be a great way to take a fresh look at teaching. For 18 professors across the globe, Capsim's August User Seminar in Chicago was an opportunity to do just that.
August 18th, 2011 - Posted by Reda Chafai
A newly minted MBA is asked, after a few weeks on her new job, to massage some figures on a sales report. Which path does she take? Refuse to comply with her manager's request, or run the risk of getting caught fudging numbers?