Conscious Capitalism® - Bikes Simulation
While participants encounter the challenges of starting up a fully-functioning entrepreneurial firm, they are also exposed to the tensions underlying Conscious Capitalism, including employee morale, reputation, product reliability, as well as environmental and health concerns.
The Conscious Capitalism problems and opportunities are presented within the context of a new enterprise with demands on the players’ time, attention, talent, spirit, resources, and livelihood. These CC issues represent dilemmas to be resolved, starting slowly and growing as the business matures.
Participants must choose between the path of least resistance or working hard to build a conscious business.
The decision making content includes:
- product development
- sales channels
- human resources
- fundamentals of finance
- fundamentals of accounting
This simulation takes students through a wide range of business components and decisions while addressing the Conscious Capitalism issues that will emerge.
In this simulation, players are provided with the seed capital to start up an innovative, new product line, 3D-printed, carbon fiber bikes. These bikes are light, strong, and very affordable. And, they can be customized to each customer’s physical and performance requirements. Bike riders are very intrigued by these benefits but are waiting to see what the players will bring to the market.
A big game changer for the industry is that 3D printers enable made-to-order production. This breakthrough eliminates the need to hold inventory anywhere in the supply chain, and the costs to finance and store inventory are eliminated.
Related Subject Matter
- Corporate Social Responsibility (CSR)
- Triple Bottom Line
- Sustainable Global Enterprise
- Environmental Management for Business
- Business Ethics
- Principles of Responsible Management Education (PRME)
6 decision rounds, with each round taking 2 to 3 hours per team.
The simulation will provide you with two types of metrics to grade your students or employees:
- Business metrics (balanced scorecard) measures profitability, customer satisfaction, reputation market share, human resource management, asset management, preparedness for the future and wealth.
- Conscious metrics measures how well the actions of the firm satisfy all stakeholder values.
Compete against peers.
English "Play against Peers" version