Capsim is a comprehensive simulation platform designed to bridge the gap between theoretical knowledge and practical application in business education. Here’s a detailed overview of what the product does and its key features:
What Capsim Does
Capsim offers a suite of experiential business simulations that enable students to apply theoretical concepts to real-world business scenarios. These simulations are tailored for various levels of business education, including undergraduate, MBA programs, and corporate training. The platform focuses on developing critical skills in strategy, marketing, finance, accounting, human resources, operations, and more.Key Features and Functionality
User Experience and Onboarding
- Capsim simulations feature a user-centered design with a modern and interactive interface, simplifying the learning experience for both students and instructors.
- Multi-level training exercises ensure students can understand the simulation and make smart business decisions in as little as 45 minutes.
Real-Time Feedback and Decision Making
- A live notification system provides students with real-time feedback and alerts, helping them avoid common pitfalls and mistakes.
- An innovative auto-recalculation feature displays the impacts of decisions in real time, allowing students to quickly recognize and correct strategic decisions.
Student Development and Feedback
- Instructors can provide actionable developmental feedback around learning objectives and skills that directly impact student success post-graduation.
- Automated debrief tools and integrated gradebooks highlight critical information, creating teachable moments and capitalizing on developmental opportunities.
- Custom learning modules tailor the simulation experience to focus on key decisions and impacts, aligning with instructors’ learning objectives.
Teamwork and Collaboration
- Instant messaging between team members fosters collaboration and communication, promoting informed and sound decision-making.
Accessibility and Administration
- The platform is WCAG 2.0 / AA certified, ensuring compliance with the Americans with Disabilities Act (ADA) standards and meeting the developmental needs of every student.
- Integration with Learning Management Systems (LMS) streamlines administration through Single Sign-On (SSO) for students and gradebook integration for instructors.
Assessment and Evaluation
- Capsim offers simulation-based assessments that measure students’ competencies in various business areas such as strategy, marketing, finance, and operations.
- These assessments provide comparative data and can be customized to fit the needs of different courses and programs.
Specific Simulations
- Capstone 2.0: An advanced business strategy simulation best suited for courses like Strategic Management, Capstone courses, or MBA programs. It guides students through decision-making to round analysis and includes features like real-time feedback and auto-recalculation.
- Foundation: A domestic simulation designed to teach business acumen, using a perceptual map to compare market segments.
- CapsimGlobal: Used in both academic and corporate settings to teach international business concepts, such as market entry and supply chains.
Additional Tools
- Inbox Simulations: Interactive case studies that mimic an email system, where decisions drive the storyline and assess and develop skillsets.
- Modular-XM and Inbox-XM: Assessment platforms that allow schools to create question libraries and launch exams, with optional online proctoring.