1. Capsim logistics

2. Registration You will need an email address and the following SimID or “C number” in order to register for your industry and team. 09:30 a.m. class: C32244 & C32245 11:00 a.m. class: C32247 & C32248 Your “registration number” is NOT the SimID; you will not have a registration number until AFTER you register with CAPSIM and pay the fee. Each student should have his/her own CAPSIM registration and email address. If you make a mistake while registering for CAPSIM and can’t correct it yourself, then simply email or call CAPSIM at 888-472-7554 for help. I have assigned students to two industries based on the first letter of your last name but you can trade with your classmates with my help. Each industry will have 3 or 4 members.

3. Participation Participation consists of running a company in the electronic sensor industry. There are three rounds –The first round (rehearsal) is individual. You must have completed 8 individual rehearsal rounds (see course calendar) –The second round (practice) is in teams. –The last round (competition) is also in teams. You will find that all of the normal financial/accounting data and other information a real firm would have will be available to you for your CAPSIM company as it progresses through both the practice rounds and then after I restart the game, the 8 years of real operation.

4. Teams Each team will have 3 members. Teams will be identified by their CAPSIM company name: Andrews, Baldwin, Chester, Digby, or Erie. There is one more team Ferris which will be a computer.

5. Performance (1) Your performance in rehearsal and practice rounds is graded as pass or fail. You need to achieve a certain threshold. You will receive a letter grade for your performance in the competition rounds. How well your company performs is simply a matter of –How much research and effort each of your team members puts into the CAPSIM exercise, –how well your organization of your team can bring all your team members’ collective experience and knowledge to bear on running your CAPSIM firm, and –how effectively you can implement the strategy your team formulates.

6. Performance (2) The Balance scorecard measure feature will be used to assign a grade between 0 and 100 to each team’s performance relative to other teams in the class. (The system gives you a total of 1000 points but through “my magic” I will translate it into 100.) Different rounds are graded differently in CAPSIM: –Round 1: 82, points –Rounds 2 and 3, 89 points –Rounds 4 and beyond, 100 points –Recap 240.

7. Balance scorecard It was introduced in 1992. It is a strategic assessment tool that can accurately portray a business unit's strategic progress. The Balanced Scorecard asks managers to consider their business from four perspectives: The Customer Internal Business Innovation & Learning Financial

8. Review quiz What is a sensor? Who buys sensors? Do I need a credit card to register in CAPSIM? What is a CAPSIM round? How many rounds will we play? What is the balance scorecard? What industry should I register for?