Who is eligible to play?

To be eligible to participate, you must meet the following requirements:

  • Paid registration for a Capsim Business Simulation after January 1st, 2021.
  • Enrollment in an Associate, Undergraduate, or Graduate program with an academic institution.
  • No participation in a previous Capsim Challenge. Students that have previously competed in a Capsim Challenge will not be eligible to compete in the Finals.
  • Only one registered Challenge account. Students that have multiple Challenge accounts registered will not be eligible to compete in the Finals.

When is registration?

Registration for the Spring 2023 Capsim Challenge begins Monday, March 20th, 12 PM CDT and ends Monday, April 10th, 12 PM CDT.

How can my students register?

When Foundation and Capstone students log into their accounts, an additional ‘Capsim Challenge’ button will appear. Clicking the button will prompt students to create a new account to participate in the Challenge.

When do the Challenge Qualifiers begin?

The self-paced qualifying competition rounds begin Monday, April 10th at 12 PM CDT. There are no official deadlines for the Capsim Challenge qualifiers except for Round 8, which must be completed by Friday, April 28th at 12 PM CDT in order to be eligible for the Challenge Finals.

When do the Challenge Finals occur?

The finals will occur on Saturday, May 6th, from 10 AM CDT to 6 PM CDT and consist of 8 competition rounds. Final qualifiers will have one hour to complete each round.

How will the winners be chosen?

Both the qualifying rounds and the finals will be scored based on the Balanced Scorecard. The teams or individuals with the six highest scores move on to compete for the title in the finals.



Registration Requirements

  1. To be eligible to participate, you must meet the following requirements:
    • Paid registration in any Capsim simulation in the past 24 months
    • Enrollment in an Associate, Undergraduate, Graduate program with an academic institution
    • No participation in a previous Capsim Challenge. Students that have previously competed in a Capsim Challenge, meaning they have completed four or more rounds in a past Capsim Challenge Qualifier, will not be eligible to compete in the Finals.
    • Have only one active Challenge account. Students that have multiple active Challenge accounts will not be eligible to compete in the Finals. Accounts will be considered active if they have one or more of the following:
      • More than ten logins
      • Completion of one or more qualifying rounds round(s)
      • Uploaded an Official Decision File or saved Draft Decisions
    • ***Accidental registration of multiple accounts will not automatically disqualify a participant. The Capsim Challenge Coordinator reserves the right to decide if an account is active and disqualify participants.
  2. There is no fee for registration; however, registration of multiple active accounts will result in disqualification.
  3. Individuals can play with or without a team. If teams consist of more than one player, all team members must register. Only registered participants will be noted in the Finals.
  4. No more than five people per team.
  5. Teams do not have to correspond to a regular classroom team. You can form a new team for the competition.
  6. Past and present students enrolled in a Capstone simulation must register for the Capstone Challenge. Past and present students enrolled in a Foundation simulation must register for the Foundation Challenge.
  7. Students enrolled in other Capsim Simulations may participate in the Challenge. These students must contact Capsim Support for registration instructions.
  8. All team members must register within the registration window indicated in the FAQs. It is the responsibility of each participant to ensure they are placed onto the correct team and that the team has all participants registered prior to the deadline. Participants and teams will be disqualified if there are any disputes regarding the team roster.
  9. Students are responsible for ensuring that their school/university information entered during registration is accurate and up to date. If Capsim cannot verify students’ school information, students may be disqualified. If a student enters their information incorrectly, they are responsible for notifying Capsim Support at support@capsim.com.
  10. Students are responsible for ensuring their email address is correct during the registration process. Important email communications will be sent out, including deadlines and future instructions. Capsim cannot be held responsible if you do not receive these emails. No exceptions will be made.

Competition Qualifying Round Rules and Processes
  • To begin, please select “Join or Form a Company” from your participant dashboard and enter a unique team name. If you expect to play with other team members, you will want to leave registration open. If you wish to play as an individual, check the “Close Enrollment” checkbox so no other individuals can join your team.
  • Your team will compete in 8 self-paced qualifying rounds against computer teams.
  • Research and development, marketing, production, and finance decisions can be made in all rounds. Additional advanced modules may be included at Capsim’s discretion.
  • No advice regarding strategy or decision-making will be available from Capsim support representatives during the competition. Only technical problems may be addressed by contacting support@capsim.com.
  • The Capsim Challenge Qualifying Rounds will be in Self-Pace mode. Self-pace allows participants to advance themselves into the subsequent round when official decisions have been saved. Instructions to advance your company’s round are as follows:
    • To save decisions, click File >> Update Official Decisions; then click File>>Exit to return to your Dashboard.
    • From your Dashboard, click the green button labeled “Next Round.” Follow the steps to advance.
  • The qualifying competition begins at the close of registration. The starting conditions for Round 1 will be made available at this time. There are no official round deadlines for the Capsim Challenge; however, all eight qualifying rounds must be completed by 12 PM Central Time on the closing deadline (shown on your login page) to be eligible for the Challenge Finals.
  • Results from the Qualifying Rounds will be posted under the Challenge section of Capsim’s events page. Please allow a minimum of 24 hours for processing time. During these 24 hours, the Capsim Support team will not be able to share results, including who qualified for the Finals. Please do not contact Capsim Support for results or questions before they have been posted to our website. http://www.capsim.com/challenge/
  • IMPORTANT: Capsim cannot be held responsible for technical problems that disrupt the timely submission of decisions. In the event of disputes, the Capsim Challenge Coordinator’s ruling is final.

Challenge Finalist Selection Process
  1. Finalists will be selected based on their Balanced Scorecard results, with the six highest-scoring teams/individuals qualifying for the finals. The Capsim Challenge is not eligible for the Balanced Scorecard TOP TEN rankings found in the scoring section of the simulation. Scores earned during the Challenge will be kept separate from this ranking.
  2. Only one team from each school/university may participate in the Finals. If more than one team from the same school qualifies, the team with the highest score will move on to the finals, and other teams will become alternates. In this scenario, the 7th highest scoring team from the qualifiers will advance to the Finals. It is the student’s responsibility to ensure that their school/university information is listed in their account and accurate.
  3. Finalists and alternates will be contacted by email and asked to confirm participation in the Finals. If a finalist is unable to attend, their slot will be offered to the next available alternate team.

Challenge Finals Rules

  • The Capsim Challenge Finals competition will be a 1-day event, with Round 1 opening at 10 AM Central Time and round 8 closing at 6 PM Central Time. Finalists will have 1 hour to complete each round before it automatically advances.
  • To win the title, you must have the highest Balanced Scorecard score among the competing finalists.
  • The Capstone and Foundation Capsim Challenge Champions will be recorded in the Capsim Challenge
    Hall of Fame.

Good Luck!

Spring 2023 Capstone Results

View Qualifying Round Results >>

View Qualifiers and Alternates >>

Final Results:

Place Name(s) Professor  University Name Country Scorecard
1st Chun Yui Lai
Synge Chin Pok Lam
Theodore Henry King CLARK Hong Kong University of Science and Technology Hong Kong, China 786/1000
2nd Natali Cohen
Ofir Ben-david
Raveh Harush Bar-Ilan University Israel 656/1000
3rd Adon Wilson Simon Fraser The University of the West Indies Trinidad and Tobago 652/1000
4th Haree Krishnan M R Subramanian Bharathidasan Institute of Management, India India 563/1000
5th Niharika Jayanthi Mr. Shyam Ranjan Shetty T A Pai Management Institute (TAPMI) India 554/1000
6th Teerapong Pheungsang Krit Pattamaroj Thammasat University Thailand 460/1000


Spring 2023 Foundation Results

View Qualifying Round Results >>

View Qualifiers and Alternates >>

Final Results

Place Name(s) Professor  University Name Country Scorecard
1st Shriram Balaji Dr. R. Subramanian Bharathidasan Institute of Management, India India 731/1000
2nd Scott Justason Douglas Reid Queens University Canada 686/1000
3rd Mazen  Tawfik Dr. Irene Shaker American University in Cairo Egypt 682/1000
4th Steven Holly Brian Rohrs Bowling Green State University USA 605/1000
5th Bryant Kroeger
Alex Siaton
Rick Vanden-Berg University of Vermont USA 497/1000
6th Alptug Beteroglu Fadime Uney-Yuksektepe Istanbul Kültür University Turkey 391/1000

Capstone Hall of Fame

Challenge Name(s) School Score/Profit
Spring 2023 Chun Yui Lai
Synge Chin Pok Lam
Hong Kong University of Science and Technology 786/1000
Fall 2022  Ofir Yablonka Bar-Ilan University 760/1000
Spring 2022 Eric Freedman California State University, East Bay 658/1000
Fall 2021 Rishabh Chawla
Ravva Subramanyam
Shubhendu Ojas Tewary
S.P. Jain Institute of Management and Research 920/1000
Spring 2021 Yonatan Hoffman Bar-Ilan University 924/1000
Fall 2020 Sisi Ren York University 799/1000
Spring 2020 Vida Tiu
Darreyl Milledge
Webster University 768/1000
Fall 2019 Jiabei Chen Hong Kong University of Science and Technology 855/1000
Spring 2019 Rohan S Bharathidasan Institute of Management, India 903/1000
Spring 2019* Avi Turgeman Bar-Ilan University 884/1000
Fall 2018 Meir Cohen Bar-Ilan University 750/1000
Spring 2018 Justin Zampedro Kennesaw State University 771/1000
Fall 2017 Rushabh Patel University of Houston 808/1000
Spring 2017 Jordan Stewart Old Dominion University 631/1000
Fall 2016 Hoang Nghiem University of Massachusetts 624/1000
Spring 2016 Kent Sheffield
Morris Fordham
Marilynn Dawson
Webster University 666/1000
Fall 2015 Warrapat Korkerd Mahidol University 797/1000
Spring 2015 Yuvraj Gupta
Manu Shrot
Indian Institute of Management Bangalore 631
Fall 2014 Ismail Jangda Schulich School of Business 679
Spring 2014 Mike Veigel University of North Alabama 804
Fall 2013 Dhiraj Lohiya SPJIMR 822
Spring 2013 Curtis Wallette University of Montana 835
Fall 2012 Sonia Apsingekar
Vikalp Babelay
Gaurav Sapra
Viraj Kulkarni
Spring 2012 Christopher Steffes Michigan State University 926
Fall 2011 Rick Davenport Midway College 790
Spring 2011 Ren Long Chan McMaster University 831
Fall 2010 Ramanarayanan K IIM Bangalore 860
Spring 2010 Richard Powell University of Redlands – San Diego Campus 910
Fall 2009 Kiran V Holla IIM Bangalore 864
Spring 2009 Ho Chi Hong HKUST 806
Fall 2008 Tom Kung National Cheng Chi University 803
Spring 2008 Kallol Chaudhuri University of Pennsylvania 796
Fall 2007 Kerim Koyunoglu The University of Melbourne 822
Spring 2007 Brent Corbitt University of Arkansas at Little Rock 904
Fall 2006 Bryan J. Rathman Kutztown University $165,735,218
Spring 2006 Amy Chittick-Kulper
James Guido
Kennesaw State University $133,278,276
Fall 2005 Jim LaRocca
Joe Leonard
Baldwin-Wallace College $80,465,663
Spring 2005 Ian Goh
Kok Loong (Rodney) Lim
Curtin University of Technology $152,358,170
Fall 2004 Mathew Gardner
Morgan Gough
University of British Columbia $171,230,796
Spring 2004 Abdulla Udaipurwala Stevens Institute of Technology $202,847,624
Fall 2003 Vipul Goradia University of Toledo $145,704,375
Spring 2003 Scott Barnett Vanderbilt University $172,819,920
Fall 2002 Cheong Chew University of Central Oklahoma $182,838,524
Spring 2002 Felix Kreh
Daniel Copeland
Jakob Thoisen
Southeast Missouri State University $281,135,759
Fall 2001 Dennis Legori
Michael Kelly
Southern Illinois University Edwardsville $104,261,576
Fall 2001 Osman Guner
Marvin Waldman
University California San Diego $249,894,560
Spring 2001 Dipti Patel-Misra
Robert Rodgers
Eric Sprink
University North Carolina Chapel Hill $358,359,288

*Two iterations of the Capstone Challenge finals were delivered in Spring 2019 due to scheduling conflicts among participants.

Foundation Hall of Fame

Challenge Name(s) School Score/Profit
Spring 2023 Shriram Balaji Bharathidasan Institute of Management, India 731/1000
Fall 2022 Reece Nicholas 
Bowling Green 
State University
Spring 2022 Hunter Rogers Brigham Yount University - Idaho 821/1000
Fall 2021 Luke Le Lawrence University 808/1000
Spring 2021 Timothy Shiveley University of Texas at Dallas 820/1000
Fall 2020 Cynthia Orton Brigham Young University – Idaho 704/1000
Spring 2020 Kamil Bubinski
Maciej Milcarz
University of Warsaw 664/1000
Fall 2019 Matthew Lucas
Emily DeCamp
Kile McKee
Caleb Pollert
Purdue University 770/1000
Spring 2019 Benjamin Cook
Jackson Fordyce
The Kings College 852/1000
Fall 2018 Brendan Wiley University of Texas at Dallas 844/1000
Spring 2018 Rodolfo Valdez
Enoma Osakue
The King’s College 720/1000
Fall 2017 Ryan Su University of Texas at Arlington 738/1000
Spring 2017 Sirimon Makarananda Thammasat University 743/1000
Fall 2016 Aleksandr Fominykh Brigham Young University – Idaho 750/1000
Spring 2016 Brian York Illinois State University 651/1000
Fall 2015 Oliver Coates
Chris Scrip
University of Alabama in Huntsville 705/1000
Spring 2015 William Reimann The University of Texas at Arlington 717
Fall 2014 Supap Taratippitak Mahidol University 826
Spring 2014 Napat Pongsamart Mahidol University 781
Fall 2013 Kongphop Sahasakula Mahidol University 767
Spring 2013 Jared Anderson
Joseph Barker
Brighan Young University – Idaho 782
Fall 2012 DeMarcus Jones Lenoir-Rhyne University 762
Spring 2012 Tanner Lambert Montana State University – Billings 746
Fall 2011 Tyler Melugin
Robert Stricklin
Montana State University – Billings 725
Spring 2011 Zoey McRae Montana State University – Billings 757
Fall 2010 Robert Woodward Brigham Young University – Idaho 744
Fall 2010 Sam Bradshaw
Justin Johnson
Alexander Malana
Bill Reaugh
Shaun Youngberg
Drexel University 805
Fall 2009 Jacob Rewerts University of Iowa 756
Spring 2009 Tom Molter
Tom Murtaugh
Drexel University 764
Fall 2008 Bocheng Lin University of Illinois at Chicago 757
Spring 2008 Julian Bauer DePaul University 748
Fall 2007 Christina F. Vaughn NorthWest Arkansas Community College 776
Spring 2007 Christopher Stanton
Christine Snyder
Michael Ely
Capital University 705
Fall 2006 Keeran Raaj Raja Ratnam
Thiam Song Ng
University of Technology, Sydney $65,561,803
Spring 2006 Sherry Murphy Montana State University – Billings $113,217,275
Fall 2005 Troy Fix Montana State University – Billings $88,976,005
Spring 2005 Eddie Minkoff The University of California – San Diego $97,103,095
Fall 2004 Eric Zerphy
Ed O’Donnell
Kevin Shmihluk
Kurt Kaminsky
Drexel University $136,009,115
Spring 2004 Amy Chittick-Kulper
James Guido
Kennesaw State University $113,065,267
Fall 2003 Brett Cormier Montana State University – Billings $143,478,423
Spring 2003 Kevin Ross University of New Orleans $130,388,956
Fall 2002 Andreas Peter University of New Orleans $54,858,272
Spring 2002 David Crouy
Peter Landolfi
University of Massachusetts – Dartmouth $127,009,745