Basic Training on Capitalism II Business Simulation Software:
PHASE ONE – Familiarization, Retailing ONLY
PHASE TWO - Thriving in Integration, Retailing-Manufacturing-Farming
MOD STRAMAN Professional Learning Community
OBJECTIVES
1. Preview Capitalism II business simulator covering retailing, manufacturing, and farming with the following decision variables:
a. Choosing store location for building
b. Choosing products to order from suppliers to be sold in one’s store
c. Choosing suppliers
d. Setting product prices
e. Choosing advertising channel and budget
f. Choosing training and new equipment budget
g. Other parameters in relation to manufacturing and farming industries.
h. Monitoring competition and adjusting the above to respond
2. Use Capitalism II to run an integrated retail-manufacturing-farming operation to achieve multi-stream business goals (with indicators in parentheses) competitively for:
a. Offering good products (CHECK PURCHASING UNITS: products not clearly unhealthy; quality ratings > 50 and the higher the better)
b. Providing jobs (CHECK CORPORATE DETAIL REPORT – Statements: No. of employees and the more the better)
c. Developing employee competence and experience through training, new equipment and effective assignments (CHECK EACH FIRM LAYOUT: Efficiency rating of each unit > 5/10)
d. Achieving return on equity (CHECK CORPORATE DETAIL REPORT – Statements: Return on Equity; the higher the better)
e. Achieving teamwork within management (REPORT OF EACH TEAM MEMBER: Sense of self-involvement and cooperation of whole group)
f. Managing the supply chain ( CHECK SUPPLY CHAIN MANAGEMENT REPORTS, PRODUCT, MANUFACTURING UNIT, CASH & PROFITS)
TRAINING OUTLINE
PHASE ONE: FAMILIARIZATION –
1. Assignment into company teams and colors: Green Corporation, Blue Corporation, Yellow Corporation, Red Corporation, Violet Corporation, Orange Corporation
2. Role assignments: CEO (direct and oversee decisions towards goals),...