9 Common Questions Surrounding Accreditation

Every month Capsim hosts a webinar that’s part of its Accreditation and Assessment Webinar Series. The goal of this series is to provide useful information, tips and tools to help Deans and Professors with their business school’s accreditation process. Since accreditation is a cumbersome and often confusing process, it’s no wonder we receive so many additional questions about it.

We decided to catch up with Erich Dierdorff, an associate professor of management at DePaul University’s Driehaus College of Business, and ask him some of the most common questions surrounding accreditation. Erich is an expert in behavioral assessment, individual learning and team training and has helped numerous universities with accreditation and assessment. Continue reading “9 Common Questions Surrounding Accreditation”

MEETING YOUR COURSE OBJECTIVES Part 2: Understand the various elements of the marketing mix

In this series, we will take a look at the most common learning objectives for intro and principles level business courses and demonstrate how CapsimCore™ can be effectively used to meet those objectives. Our newest simulation is designed to make business learning fun and engaging at any level.

Objective: Understand the various elements of the marketing mix Continue reading “MEETING YOUR COURSE OBJECTIVES Part 2: Understand the various elements of the marketing mix”

MEETING YOUR COURSE OBJECTIVES Part 1: Describe the functional areas of business

In this series, we will take a look at the most common learning objectives for intro and principles level business courses and demonstrate how CapsimCore™ can be effectively used to meet those objectives. Our newest simulation is designed to make business learning fun and engaging at any level.

Objective: Describe the functional areas of business Continue reading “MEETING YOUR COURSE OBJECTIVES Part 1: Describe the functional areas of business”

Thoughts on AACSB’s Associate Deans Conference

I just got back from the AACSB Associate Deans Conference and I want to share a couple things I learned. One is that Kansas City is a great place to watch a baseball game and the other is that the Flipped Classroom is a reality in Higher Education. Continue reading “Thoughts on AACSB’s Associate Deans Conference”

An introductory guide to value chain analysis

Legendary business analyst Michael Porter, known for developing the three generic strategies and 5- Forces is also responsible for another valuable business tool: the value chain. This concept involves analyzing the process view of a company, looking at the various activities involved within its greater infrastructure – like staffing, equipment and raw materials – that determine the margin between costs and profits. Continue reading “An introductory guide to value chain analysis”

The 5 primary methods for sales forecasting

Regardless of the industry, every company has to include sales forecasting into its greater management strategy. This data set helps establish sales goals in ever-shifting economic climate. Yet this data also involves a bit of guess work: As elements like buying signals and profitability change quite rapidly, businesses must be able to pivot their approach throughout the entire sales season. Continue reading “The 5 primary methods for sales forecasting”

The ins and outs of effective workplace delegation

Delegation is one way that office staff can bolster teamwork and improve workloads.

The success of a business relies not on the work of an individual, but the efforts of an entire team. A key component for any successful team leader is the ability to delegate. By dividing up work-related tasks between team members, goals are achieved more efficiently. Continue reading “The ins and outs of effective workplace delegation”

Top traits of highly effective CEOs

Success as a CEO means building better teams, thinking ahead for the future and being perpetually bold and adventurous. 

There’s a reason they’re called chief executive officers. These men and women are the leaders of a company, the mighty general whose decisions go a long way toward determining an organization’s long-term success or defeat. Continue reading “Top traits of highly effective CEOs”

An introduction to Porter’s Generic Strategies

Developed in the 1980s, Porter’s Generic Strategies refers to the methods businesses take in order to remain competitive. 

Michael Porter, an economic researcher, examined the competitive behaviors that comprise successful businesses. In the early 1980s, he set out to uncover the ways companies maintain long-term advantages over their competitors. Continue reading “An introduction to Porter’s Generic Strategies”