Activities Round 1 And Round 2 Decisions Course Project Mile
Activities Round 1 And Round 2 Decisions Course Project Milestonegr
Activities: Round 1 and Round 2 decisions
Grading: Each team can earn a maximum of 5 stars per round. Stars represent an overall performance evaluation, similar to the Morningstar ratings. One star is awarded in CAPSIM for each of the following: contribution margin over 30%, zero emergency loans, satisfaction of 95% of demand with less than 90 days of inventory, increase in stock price over the previous year, and profit greater than zero. There are 10 possible stars across the two rounds, with each star worth 2 points, totaling up to 20 points. Additionally, 30 points are awarded for full participation with the team on both rounds.
Paper For Above instruction
The CAPSIM simulation provides teams with an opportunity to develop strategic decision-making skills by managing a virtual company across multiple rounds. The focus on Round 1 and Round 2 decisions emphasizes key performance metrics that influence their overall assessment based on specific performance criteria. The grading rubric, which awards stars, serves as a straightforward method to evaluate and quantify team success during these rounds.
In the context of the simulation, teams aim to achieve up to five stars per round, with each star reflecting distinct operational and financial milestones. The criteria include maintaining a contribution margin exceeding 30%, ensuring the company does not rely on emergency loans, satisfying at least 95% of market demand while keeping inventory levels below 90 days, increasing the company's stock price compared to the previous year, and realizing a profit greater than zero. These performance indicators encapsulate both efficiency and financial health, compelling teams to balance operational effectiveness with profitability.
The scoring system assigns two points per star, giving a maximum of ten stars per round, and thus a potential total of 20 points for both rounds combined. This quantification encourages teams to focus on continuous improvement in key areas, aiming to maximize their star tally. Beyond the star-based evaluation, an additional 30 points are allocated for complete engagement and full participation with the team throughout both rounds, fostering collaboration and comprehensive strategic planning.
This structure incentivizes teams not only to meet specific performance milestones but also to engage actively with their team members, promoting collaborative decision-making and shared responsibility. The clear, measurable criteria also facilitate self-assessment and reflection on strategic choices, enabling teams to identify areas for improvement.
Overall, the performance evaluation system in CAPSIM emphasizes a balanced approach that rewards operational efficiency, financial performance, and teamwork. By striving to earn stars in each criterion, teams can develop robust strategic management skills that are essential in real-world business scenarios. The focus on tangible metrics simplifies assessment, making it easier for teams to understand expectations and work towards achieving excellence in their simulated business environment.
References
- Capstone Simulation. (2021). CAPSIM Business Simulation. CAPSIM Management Simulations, Inc.
- Hill, C. W., & Jones, G. R. (2012). Strategic Management Theory: An Integrated Approach. Cengage Learning.
- Porter, M. E. (1985). Competitive Advantage. Free Press.
- Barney, J. B., & Hesterly, W. S. (2015). Strategic Management and Competitive Advantage: Concepts and Cases. Pearson.
- David, F. R. (2017). Strategic Management: Concepts and Cases. Pearson.
- Grant, R. M. (2016). Contemporary Strategy Analysis. Wiley.
- Roberts, P. W., & Mahoney, J. T. (2012). Strategy: Analysis and Practice. McGraw-Hill Education.
- Johnson, G., Scholes, K., & Whittington, R. (2008). Exploring Corporate Strategy. Pearson Education.
- Kim, W. C., & Mauborgne, R. (2004). Blue Ocean Strategy. Harvard Business Review.
- Yukl, G. (2013). Leadership in Organizations. Pearson.