Welcome to the new Big Sky Biz Sim by First Interstate Bank!
Q2 Results have been sent back to teachers, see how you rank in the results page
Q3 will be due at 5 p.m. on Wednesday, October 28
Refer to Mini-Case G for Q3. Find the Mini-Case in the Resources below. Going International, to export or not . . .
Thanks to First Interstate Bank for making the Biz Sim possible!

MCEE is pleased to launch the Big Sky Biz Sim by First Interstate Bank! This is an in-class business simulation where students make all of the operating decisions for their business to produce, sell and distribute widgets.

The decision inputs are then matched against other teams competing across Montana for the highest stock market price at the end of eight quarters, (weeks in the simulation).

With the new partnership with First Interstate Bank, the game has been streamlined for teachers and modernized to manage against potential remote learning disruptions. The Biz Sim software and game has been in schools in Montana since 2000 with over 20,000 students participating with the support of the Montana State Chamber Foundation. It was formerly called the High School Business Challenge.

MCEE believes strongly in education through experiential learning. Students who participate will learn teamwork, communication, flexibility, problem solving, critical thinking and grit. All skills that will serve students and their future employers.

When students experience the ups and downs of their profitability based on their decisions, they not only will be taught the fundamentals of managing a business, but set in a competition, we can light the spark of entrepreneurship.

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click button to submit Inputs

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resources

An Overview of a Simulation

1. Management teams make a set of business decisions for a simulated firm and these are evaluated against decisions made by competitors.
2. Several teams are created for competitive play. A team can consist of no more than five participants, but ideally has two or more.
3. The team makes a set of decisions that one might find in a business setting. 
4. Each time the teams make a set of decisions, it represents a period of 3 months in the life of the company being simulated. You will be playing the simulation for 8 quarters, thereby simulating two years in the life of the firm.
5. Once students or teachers enter the decisions, the program acts as the purchaser of the product, compares the relative merits of the decisions made by all teams, and computes the sales for each firm.
6. The program then prints a quarterly report for each team and this is distributed to the participants.
7. The teams analyze their results and prepare another set of decisions. This continues for eight quarters.
8. Upon the completion of play, winners are announced based on stock price.

The Company You Will Be Managing

The industry your firm is in is the highly competitive and quickly changing widget industry. 
(A widget is a placeholder name for an object, or more specifically, a mechanical or other manufactured device.  It is an abstract unit of production.)
Your firm has been manufacturing and selling widgets. The overall industry is composed of a few large brand name manufacturers and as well as smaller firms such as your own that have the advantage of lower overhead cost, faster time to market a new feature on the product, and greater personal service to smaller retail chains. 
Since the market for this product is so fragmented, total sales is difficult to obtain. Your firm does not sell its product directly to the consumer but rather to wholesalers, distributors, and all types of retail stores as well as direct sales to department stores. This popular product has been selling in the $99 to $209 retail price range. 
The company in which you are assuming management has been in business only one year. The entrepreneur that established the company wishes to pursue other business interests. The company is a for-profit company and the stock in the company is held by a large variety of individuals. These stockholders (shareholders in some countries) have invested their monies in your firm and they expect your new management team to increase profits and dividends while maintaining high ethical standards.

Factors Used in Ranking Teams at the End of the Simulation

While opinions differ on the factors of excellent performance, the Montana Council on Economic Education uses the highest stock price at the end of the final quarter of participation to determine the overall winner.
Thanks to the generosity of First Interstate Bank, the top 3 teams will receive cash awards each semester.