Question

CapSim is designed to: None of these answers is correct Make you increase Market Share Teach...

CapSim is designed to:

None of these answers is correct

Make you increase Market Share

Teach you to use a Niche strategy

Reduce both the firm's risk and its potential profitability

Help you experience Porter's theories

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Answer #1

CapSim is designed to: Help you experience Porter's theories

Porter’s Generic Strategies are three interconnected concepts that most organizations use to develop key operating procedures and outmaneuver competitors. Understanding the ins and outs of Porter’s techniques offers burgeoning entrepreneurs insight into the mechanisms that create and dictate most business models.

Capsim is a multifaceted simulation that challenges you to think outside the ‘silos’ of individual disciplines such as marketing, accounting, operations and so on, and appreciate how each element of the company’s operations interacts with one another. The success of your company is dependent on your ability to think strategically, and learning from mistakes and missteps.

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