The CapSim program is a great program for teaching principles needed by business leaders. It may seem like an annoying class to pass to get your degree, but as an experienced business professional working for a Fortune 500 company, I can tell you that the principles you should learn from this simulator are helpful. Having said that, it is important that you get the basic idea behind CapSim so that you can run the simulator with more awareness of how and why things work the way they do. This video "sets the table" in that regard.

Without a product, you have no business. You'll want to introduce new products and stay on the customer's good side. This is done by strategically moving your products to affect the age at the right time, adjusting the parameters of your product's size and performance, and how long each product will last in the form of MTBFs. I'll share all the good stuff in this video with you.

If you fail to market properly in CapSim, no one will know who your company is or have access to the products it makes. Even a company like Coca Cola spends billions each year in advertising so that you *continue* to know who they are. You don't become number one by keeping your proverbial mouth shut!

If you mess up on your production page, you will get an emergency loan. This page makes the difference on whether you can make it through the game victorious or not. You need to understand how automation can help you win the game or how it can slow you down. Capacity is also essential so that you can produce the right amount of units without putting your workers into Overtime too much. I also discuss how to account for units left over from the previous round when marking how many units you want to product.

There's a lot to break down on the Finances page. Here you can get a long term loan, a short term loan, you can pay them back, issue stock, buy stock back, and even offer a dividend. Data on the Finances page will help you know if you'll be able to prevent an emergency loan, to some degree, as long as you did your marketing and production pages wisely.

Forecasting is one of the most critical components to the simulator. If you do not know how to forecast in CapSim, you will not do very well. I have some tried and true techniques that I've used with hundreds of students to help them forecast how many units they'll sell in each segment. It doesn't pinpoint it to the unit, but it will get you forecasting better than any other way I know. The reason for this is the simulator is dynamic-meaning it is always changing. There is no way of knowing what changes your competition is making at any given moment, though there are some hints and tips that you can see...and they're found in this video.

Accounts Payable is one of those areas that is often overlooked not only by students but by professors, too. However, it is there for a reason, and a good one. Take advantage of it while everyone else ignores it.

Most people will find this course because they got an emergency loan. They are no fun, but they're definitely avoidable. In this video, I'll give you the tips and tricks on how to get out of an emergency loan and how to avoid it all together.

One of the most helpful ways to get an edge on your competition is to invest in Total Quality Management. It may sound like a silly term, but it is a legitimate expense for most large businesses. With TQM, you'll want to invest just the right amount so that you don't experience diminishing returns. This way, your profits stay on your balance sheet as an asset.

One of the critical things you can do in this game to stay above your competition and maximize profit is to move products from one segment to another. At some point in the game, it will make more sense to move a product to a new segment to take advantage of the cheaper costs and the added quantitative demand. In this video, I share what you need to do to accomplish the move.