Unforgettable Business Learning - Webster in china

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© 2012
Capsim

Management Simulations, Inc.

Unforgettable Business Learning

Unforgettable Business Learning

Introduction

An overview of the Capstone
®

Simulation

Webster University

Dr. Bert Turner

www.capsim.com/webster/



© 2012
Capsim

Management Simulations, Inc.

Unforgettable Business Learning

Unforgettable Business Learning

Unforgettable Business Learning

Unforgettable Business Learning

Why Simulate?



© 2012
Capsim

Management Simulations, Inc.

Risk
-
Free

View
Alternative
Strategies

Enjoyable

Compresses Time

(
1 Round=1Year)

Selectivity
vs

Integration

Unforgettable Business Learning

Unforgettable Business Learning

Objectives of the Capstone Simulation

© 2012
Capsim

Management Simulations, Inc.

Demonstrate
effectiveness of multi
-
discipline teams working
together.

Use strategic thinking.

Test your business
acumen.

Understand overall
interaction and impact of
various parts of a
business on one another.

Grow the awareness of
competition.

Take away practical skills
in business management.

Get your first ten combat
missions behind you!

Industry Overview

© 2012 Capsim Management Simulations, Inc.

Unforgettable Business Learning

Unforgettable Business Learning

Unforgettable Business Learning

Unforgettable Business Learning

The Story: Background on Your Company

© 2012
Capsim

Management Simulations, Inc.

Started as a single corporation named
Sensors, Inc
.

Sold sensors as main product

Corporation was shut down by FTC due to
monopolistic operations

FTC required
Sensors Inc.
to
be broken
up into separate
companies:

Andrews

Baldwin

Chester

Erie


Digby

Ferris

Your job:
Operate one of the
companies and make it successful.

Unforgettable Business Learning

Unforgettable Business Learning

The Start

When
Sensor Inc
. breaks up, each of the new companies
starts off with the following scenario:

© 2012
Capsim

Management Simulations, Inc.

$100 Million in
Sales

5 Product Lines

5 Market
Segments

Closed
Marketplace

Unforgettable Business Learning

Unforgettable Business Learning

Sensors: An Overview of Your Company’s
Product



Customers (OEMs) need sensors for
their products to function.

Used for diverse applications


Low End

like electronic door sensors


Traditional

like traffic sensors


High End

like facial recognition


Performance

like in spacecraft


Size

like in cell phones

Five clear market segments

Customer demands vary between
the five segments.

© 2012
Capsim

Management Simulations, Inc.

Unforgettable Business Learning

Unforgettable Business Learning

The Marketplace: A Look Into The Segments

Round 1 Consumer
S
egment
E
xpectations

Round 8 Consumer Segment
Expectations

© 2012
Capsim

Management Simulations, Inc.

Perceptual map
used
to track changing
consumer demands in
size and performance

Each year, consumers
will expect faster
(higher performance)
and smaller products
(lower size)


This causes the segment
circles to drift to the lower
right constantly

Market segments
continue to diverge
over time

*Note the drift
towards the lower
right(expectations of
faster and smaller
products). Also note
the divergence of the
segments.

Unforgettable Business Learning

Unforgettable Business Learning

Low End
Consumer Characteristics

What the customers say


Ideal Age: 7
years


Ideal MTBF:
12000
-
17000


Prefer less
cutting edge
products (Bigger
Size & Low
Performance
)


Price sensitive.
Prefer price to
be lowest
possible.

Price

Positioning

Age

Reliability

© 2012
Capsim

Management Simulations, Inc.

I want to
spend as
little money
as possible!

I want them
to have been
around for a
while…no
beta testing!

They have to
be
moderately
reliable…but
not enough
to drive up
the price!

The
technology
doesn’t have
to be cutting
edge.

Low End

like electronic door sensors

Unforgettable Business Learning

Unforgettable Business Learning

Traditional

Consumer Characteristics


Ideal Age: 2
years


Ideal MTBF:
14000
-
19000


“Average”
Performance
and Size


Price sensitive,
but willing to
spend more
than Low End
consumers

Price

Positioning

Age

Reliability

© 2012
Capsim

Management Simulations, Inc.

I want these
sensors to be
moderately
cheap.

I want them
to have been
around for a
while…no
beta testing!

They have to
be
moderately
reliable…but
not enough
to drive up
the price!

I want good
sensors… not
cutting edge,
but reliable.

What the customers say

Traditional

like traffic sensors

Unforgettable Business Learning

Unforgettable Business Learning

High End
Consumer Characteristics


Ideal Age: 0
years


Ideal MTBF:
20000
-
25000


High
Performance
and Small Size


Not price
sensitive,
willing to pay
highest prices.

Price

Positioning

Age

Reliability

© 2012
Capsim

Management Simulations, Inc.

What the customers say

Price is not
an issue. I
want the
best sensors
in the
market!

I want the
newest
sensors you
have!

Only the
most cutting
edge
products will
satisfy me!

We need the
total package.
High
performance and
miniaturized for
our products.

High End

like facial recognition

Unforgettable Business Learning

Unforgettable Business Learning

Performance

Consumer Characteristics


Ideal Age: 1
year


Ideal MTBF:
22000
-
27000


Highest
Performance
and Less
important Size


Not price
sensitive, willing
to pay
moderately high
prices

Price

Positioning

Age

Reliability

© 2012
Capsim

Management Simulations, Inc.

What the customers say

I am willing
to pay for
what I need.

I want them
to have been
around for a
while…no
beta testing!

Reliability and
Performance
are very
important
and must be
high.

I prefer
newer
technology!

Performance

like in spacecraft

Unforgettable Business Learning

Unforgettable Business Learning

Size

Consumer Characteristics


Ideal Age: 1.5
years old


Ideal MTBF:
16000
-
21000


Average
Performance
but Maximum
Miniaturization


Not price
sensitive, willing
to pay
moderately high
prices

Price

Positioning

Age

Reliability

© 2012
Capsim

Management Simulations, Inc.

What the customers say

I am willing
to pay for
what I need.

I want them
to have been
around for a
while…no
beta testing!

They must be
miniature to
fit our
technology

I prefer
newer
technology!

Size

like in cell phones

Segment Growth

According to a Market
Analyst, there will be
continuous growth in the
sensor market.

I see the entire
market growing at
around 14% or 15%
per year. The high
tech market alone
will be growing at
16%.

Your goal:
Prepare your
company’s products
to
meet the needs of the
growing market
.

© 2012
Capsim

Management Simulations, Inc.

Unforgettable Business Learning

The Decision
Making Process

© 2012
Capsim

Management Simulations, Inc.

Unforgettable Business Learning

Unforgettable Business Learning

Unforgettable Business Learning

Unforgettable Business Learning

Decision Areas



Coordinate strategy and tactics across the following areas of the
company:


Additional Modules


-

HR (turned on Round 2)

-

TQM

(turned on Round
4)


-

Labor Negotiations (Off)

-

Advanced Marketing (Off)

R&D

Marketing

Production

Finance

© 2012
Capsim

Management Simulations, Inc.

Unforgettable Business Learning

Unforgettable Business Learning

R&D

© 2012
Capsim

Management Simulations, Inc.

Determine the specifications of
the products to meet
customer
expectations

Build the quality and reliability
(MTBF) of the products

Ensure the perceived age of the
product meets customer
demands

Invent new products to address
the changing marketplace and
take advantage of new
opportunities

Unforgettable Business Learning

Unforgettable Business Learning

Marketing

© 2012
Capsim

Management Simulations, Inc.

Set the price for each
product

Build customer awareness
through investing in
promotion

Establish a sales force and
distribution channels

Set the sales forecast for each
product

Set Credit Policies

(A/R and A/P)

Unforgettable Business Learning

Unforgettable Business Learning

Production

© 2012
Capsim

Management Simulations, Inc.

Purchase machinery to
automate production facilities

Buy or sell capacity on product
lines

Set production schedule

Manage the majority of the
company’s fixed assets

Staff your facility with workers

Unforgettable Business Learning

Unforgettable Business Learning

Finance

© 2012
Capsim

Management Simulations, Inc.

Acquire capital to fund
growth and operations


Issue Stock


Short
-
Term Debt


Issue Long
-
Term
Bonds

Issue dividends to shareholders

Balance debt portfolio

Manage
Proformas

Unforgettable Business Learning

Unforgettable Business Learning

Proformas
: A Look Into the Future

© 2012
Capsim

Management Simulations, Inc.

Unforgettable Business Learning

Proformas

use decisions
made in the
current year
to project
company
performance
for the next
year

Analyzing
them is
critical for
company
success

The
following
proformas

are available:


Balance Sheet


Income
Statement


Cash Flow
Statement


Financial Ratios

© 2011 Capsim Management Simulations, Inc.

Scoring Methods

Unforgettable Business Learning

Unforgettable Business Learning

Unforgettable Business Learning

Unforgettable Business Learning

Success Measures

© 2012
Capsim

Management Simulations, Inc.

Board of Directors Established Success
Measures By Which Your Performance
Will Be Measured



Stock
Price (
25%
)


Market Capitalization (
25%
)


ROE (
25%
)


Market Share (
10%
)


Cumulative Profit (
10%
)


ROS

(
5%
)

Unforgettable Business Learning

Unforgettable Business Learning

Balanced Scorecard

© 2012
Capsim

Management Simulations, Inc.


Improving company financial picture in
preparation for final debrief



Point System



Gauges company performance based
on four perspectives


The Customer


Internal Business Process


Innovation and Learning


Financials



In the simulation, a
Proforma

Balanced
Scorecard is available to project results
for the upcoming year.


Unforgettable Business Learning

Unforgettable Business Learning

Analyst Report

© 2012
Capsim

Management Simulations, Inc.


Analyst Report



Evaluates your company in ten
categories:


Margins


Profits


Emergency Loans


Working Capital


Market Share


Forecasting


Customer Satisfaction


Productivity


Financial Structure


Wealth Creation








Unforgettable Business Learning

Unforgettable Business Learning

Things to do
each year (each round)

Establish business strategy
for your company

May NEVER Change

Analyze Capstone Courier
to see industry results

Make tactical decisions
across each functional
area (aligned to strategy!)

Upload official decisions
and confirm on the
website

Await results of
processing the round

Rejoice in your superior
business acumen

(or bring out the
crying towel)

Begin the process again by
confirming alignment of
your results with your
company

s strategic goal.

© 2012
Capsim

Management Simulations, Inc.

Unforgettable Business Learning

Unforgettable Business Learning

START

Unforgettable Business Learning

Capsim

Management Simulations Inc.

55 E. Monroe,


Suite 3210

Chicago, IL 60603

Unforgettable Business Learning

Capsim

Management Simulations, Inc.

55 E. Monroe,

Suite 3210

Chicago, IL 60603



Good Luck and Enjoy!


© 2012
Capsim

Management Simulations, Inc.

Unforgettable Business Learning

Unforgettable Business Learning