R&D Decisions Assignment | Homework For You
1. User Guide When you are at your Dashboard, please click on the “Help & Support” tab on the top to locate your student resources. One of the resources is “PDF Guide.” In this guide, it gives you a clear review on how to run Capsim simulation with detailed information on all functions. Please make sure you check on this PDF User Guide and other useful functions to get to know more about Capsim Simulation.
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2. Annual Report: Please make sure you read this report with your coffee right after you complete a round. You can locate this report in the Left Side Bar by clicking on “Reports” and then “Industry Reports” and then “Capstone Courier.” In this annual report, you will know how well your company perform when comparing to the rest of the 5 competitors in the 5 segments of the industry. At the beginning of the report, it gives a brief overview of your company as well as your competitors financial situation. When you scroll down the report, it breaks down to give you detailed information on each of the 5 market segments. For example, the first one is called “Traditional Market Segment Analysis.” In this section, you will find “Traditional Customer Buying Criteria.”
The information offers you vital info on how to design the R&D of your product so that it can be attractive to customers in this traditional market segment. Please make sure your number falls within the range suggested in the report. You need to check on the Customer Buying Criteria for the rest of the 4 market segments. This is NOT a guessing game for your R&D decisions. This report provides you with key information on what customers want in each of the 5 market segments. Very important! Must read! Additionally, by reading the report, you get all key info on your competitors such as pricing strategy, R&D features of their products, financial conditions…to name a few.
3. It is always to make decisions on R&D first, then Marketing, and Production. Finance should always be the last one of your decision because you need to make sure you have enough cash to cover your investments. If you have insufficient funds, the system will automatically assign you Emergency Loans with very high interest rate. You do NOT want that. That’s why you need to make sure your company has enough working capital after you make all the decisions.
4. Revision Date: Whenever you make an R&D decision, Capsim will estimate how long does it take to manufacture and launch your product. Each Capsim round is 1 year in the market. For example, the current time is 2019. If you are very aggressive and want your product to be very advanced in R&D, it might take a few years to launch your product. Please check on the “Revision Date” to make sure your product is able to launch in 2020. If the revision date is 2021, it means that you will lose one year to sell your product because your product is still in the pipeline. There are a lot of information regarding Capsim. No pains, no gains! The more time you spend on managing your company, the better result you wil see in the end. Get Finance homework help today