New products can also be produced using R&D.Review abstracted by Professor Thomas Kosnik, Consulting Professor, Stanford School of Engineering, and Lecturer, Harvard Review abstracted by Professor Thomas Kosnik, Consulting Professor, Stanford School of Engineering, and Lecturer, Harvard Business School, Technology Today, CNBC-TV Cable "Capitalism is a world class, hands-on learning experience which I've used at Stanford School of Engineering and Harvard Business School.
R&D for any product can last from 6 months to 10 years in the game, with the technology gain being higher when the R&D duration is increased. R&D ultimately improves the player’s product quality by increasing technology gain. The player can also choose to run research and development (R&D) operations as either their sole business or alongside running other operations such as department stores and factories. Purchasing, manufacturing, sales and advertising can all be used in factories. Manufacturing begins with building a factory and planning the internal operation layout of the structure. However, the player can venture into any market segment they want including manufacturing, which includes another set of considerations such as suppliers and raw material shortages. The most common business model to pursue in Capitalism is retail by running a chain of department stores. The player can build several types of firms including department stores, factories, research and development centers, farms, mines, oil wells, and logging camps. As a real world model it is necessary to take into account land cost, overhead, demand for the products, and competition. Each store can be stocked with up to four different items. In a new game, the player begins with a maximum of $200,000,000 initial capital. The player may start their own business or play a scenario with a pre-made business with a set goal. Capitalism game descriptionĬapitalism is a simulation game which can be played in two different ways.
In Capitalism, you must decide upon what to buy, what to sell, what prices to charge, what to manufacture, what to research, where to buy your supplies from, what to do with your money, and how to defeat your competitors. The game contains countless aspects of real business, including the stock market, research & development, marketing, and hostile takeovers. Your goal is to defeat your competitors, gain market dominance, and make a profitable business. Capitalism is a real-time strategy game ( business simulation) where you are CEO of a corporation.
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