Each Team can earn a maximum of 5 stars per round. Stars re…

Each Team can earn a maximum of 5 stars per round.  Stars represent an overall performance evaluation, much like the stars in the Morningstar ratings. One star is issued in CAPSIM for each of the following: There are 10 possible stars in the two competition rounds, so grades are 2 points per star worth up to 20 points plus 30 points for fully participating with the team on these two rounds.

In the CAPSIM simulation, teams have the opportunity to earn up to a maximum of 5 stars per round. These stars serve as a measure of the team’s overall performance, similar to the stars used in Morningstar ratings. Each star indicates the achievement of specific criteria, with a total of 10 possible stars available in the two competition rounds.

The assignment rewards teams with 2 points for each star earned, contributing towards a maximum of 20 points. Additionally, teams can earn 30 points for fully participating with their respective teams in these two rounds. Therefore, there is a total of 50 points available for this aspect of the assessment.

The star system is designed to evaluate and recognize various aspects of a team’s performance throughout the simulation. It aims to provide a comprehensive assessment by considering multiple factors instead of solely focusing on a single metric.

It is important to note that stars are awarded based on predefined criteria, and each star represents a specific accomplishment. To earn a star, teams must demonstrate exceptional performance in areas such as strategy formulation, product management, finance, marketing, production, and human resources.

For example, one star may be awarded for effectively developing and implementing a well-defined strategy that aligns with the team’s objectives and competitive landscape. This star recognizes the team’s ability to think strategically and make informed decisions in order to gain a competitive advantage.

Another star may be earned for achieving strong financial performance and effectively managing the team’s financial resources. This star acknowledges the team’s ability to make prudent financial decisions, such as managing costs, improving profitability, and utilizing financial analysis to inform their strategic choices.

Similarly, stars can be earned for demonstrating excellence in marketing and product management. This includes effectively positioning the team’s products, conducting market research, developing marketing campaigns, and responding to customer needs and preferences. These stars recognize the team’s proficiency in creating and executing marketing strategies to drive product sales and market share.

Another area where stars can be earned is production and operations management. Teams that efficiently manage their production processes, optimize capacity utilization, and effectively control costs may be eligible for this star. It emphasizes the team’s ability to streamline operations and maximize efficiency, leading to improved productivity and cost savings.

Human resource management is also an important aspect of the simulation. Teams that excel in areas such as team collaboration, talent retention and development, and organizational culture may earn a star in this category. This star recognizes the team’s ability to effectively manage their human resources, fostering a positive working environment and leveraging the skills and capabilities of team members.

These are just a few examples of the areas where teams have the opportunity to earn stars in the CAPSIM simulation. By considering a range of criteria and evaluating multiple dimensions of performance, the star system aims to provide a comprehensive assessment of team performance. Each star earned contributes towards the team’s overall score, with a maximum of 20 points available, in addition to the 30 points for full team participation.