What is the goal of the Mikes Bikes simulation?

What is the goal of the Mikes Bikes simulation?

The goal of Mike’s Bikes is to maximize shareholder value, and in turn to maximize the value of each individual share. Each company begins with 1,000,000 shares outstanding in the market.

How do you lower the wastage on a mikes bike?

To improve or decrease Wastage, you will need to spend or economically increase your expenditure on Efficiency….In MikesBikes Introduction, effective capacity will prove to be less than your plan capacity because of various Wastage factors such as:

1. Rework.
2. Setup Time.
3. Raw Materials Stockout.
4. Machine Downtime.

What do you do with equity in Mikes Bikes?

If your firm has excess cash and no other profitable uses for it, you can choose to repurchase shares. This will reduce the number of shares among which the firm’s future profits must be distributed. Selecting the repurchase button allows you to enter a dollar value of shares to repurchase.

What increases SHV?

Equity: Buyback your Equity from the Second Rollover onward in installment it help you to increase your SHV. Debt: Pay debt in Installment Second Rollover Onward to increase SHV.

How do I increase the capacity of my mikes bike?

To increase your factory capacity you will need to enter your required workforce and SCU level in the Hire Workers and Purchase SCU decision fields.

What does SCU stand for in Mikes Bikes?

Your Factory Capacity is measured in Standard Capacity Units (SCU). Your Factory’s total SCU will determine how many bikes you can produce.

How do you increase shareholder value on Mikes Bikes?

To increase your Shareholder Value you must: Maximize Profitability; Minimize Shareholder Investment; Minimize Debt; and….Strategies to decrease costs:

1. Decrease inventory.
2. Reduce the Prime Cost of your Product(s).
3. Decrease wastage in production.
4. Focus on your more profitable products.

How do you get high SHV on Mike’s bike?

How does mikesbikes introduction to business simulation work?

As an introduction to business simulations, MikesBikes Intro features a unique structure which allows students to gradually build confidence. This is achieved by progressively giving students control over their own company. They will initially determine the price and marketing mix for their only product.

How is smartsims used in the bicycle manufacturing industry?

Using this Smartsims module enables learners to run a simulated bicycle manufacturing company. In this simulation, students must make critical marketing and financial decisions.

How long has smartsims been in business simulation business?

Smartsims has over 20 years of Business Simulation experience. We are experts in Educational Business Simulators used across the USA, Canada and Worldwide by Students, Professors and Business Professionals.

How are mikesbikes advanced used in business courses?

MikesBikes Advanced is a business strategy simulation that encourages students to conduct market research, formulate strategy and make critical company decisions in this challenging addition to any business course. Commonly used in senior management and strategy courses, as a capstone to business qualifications and in corporate training courses.