1.5 Practice and Competition Rounds

Practice Rounds allow you to organize workflow among the members of your company. You will begin to compete against the other companies in your simulation, or, if you are in a Footrace competition, against a common set of computer-run companies.

Don’t confuse the Rehearsal Tutorial with the Practice Rounds! During the Rehearsal Tutorial, you are shown how to make decisions in a scripted environment. During the Practice Rounds, you can experiment with your decisions in a competitive environment.

After the conclusion of the Practice Rounds, the simulation is reset and the real competition begins. Now it’s time to drive your company to success! Companies compete for up to eight rounds, with each round simulating one year in the life of your company.

1.5.1 Decision Audits

The Decision Audit is a complete trail of all team decisions. It will help you identify your decision-making strengths and weaknesses.

The audit is available from two locations:

• From the Capstone Web Application, click Help in the menu bar; or
• On the website, log into your simulation then click the Decision Audit link.

1.6 Company Success

The board of directors, shareholders and other stakeholders expect you to make the company a market leader. Successful managers will:

• Analyze the market and its competing products;
• Create and execute a strategy; and
• Coordinate company activities.

Best of luck in running a profitable and sustainable company!