Entrepreneurship Guides
Kayak: Employees Satisfaction
This article is intended for students. This article applies to both Kayak Standard and Kayak Plus versions. The employee satisfaction rate is important to know, and maintaining a high score is even more important. A survey of all the employees is ...
Kayak: Inventory
This article is intended for students. This article applies to both Kayak Standard and Kayak Plus versions. Within the Kayak simulation, there are many ways to recognize the success or potential failure of a company. The kayak inventory is ...
Kayak: The indicators and advice refer to the K1 kayak model. Where does it come from?
This article is intended for students. At the beginning of the simulation, all the teams start out with the same data. Among other things, all the teams start out with a kayak called the K1. After the Test Year, the K1 model is automatically assigned ...
Kayak: Where can I find the year-end kayak inventory?
This article is intended for students. In the indicator section for the Director of Finance, there is a graph showing how many kayaks are in stock and their total value. The value is calculated based on production cost, not on the retail selling ...
Kayak: Payroll and benefits have increased on the Income Statement, but I didn’t hire anyone.
This article is intended for students. In the Kayak simulation, you can hire engineers, production line supervisors and secretary/bookkeepers. The simulation automatically hires personnel for the other positions. Production employees are hired based ...
How is the price determined for unsold kayaks at year-end?
This article is intended for students. This article is for the Entrepreneurship simulation. At the end of each year, most companies will have some unsold kayaks in their warehouses. To find out exactly how many are left in the inventory, check the ...
Kayak: How do I add new kayak models?
This article is intended for students. In the standard version of Praxar Kayak, it is not possible to add new kayak models. In the standard version, you need to select the appropriate features and suppliers for your existing model to position it ...
Kayak: How is the Estimated Budget calculated?
This article is intended for students. Each year, we present the projected revenues based on the sales targets issued by the Board Chair. For example, if the target is 10% higher than the previous year, the simulation displays the expenses and ...
Kayak: It seems that adding ovens is not possible. What should I do?
This article is intended for students. Depending on the year, you may not be able to invest in new roto-moulding ovens. It depends on the instructions and goals set out by the Chair of the Board. For example, when an economic downturn is projected, ...
Kayak: What expenses are included under “Other administrative expenses” on the Income Statement?
This article is intended for students. For the most part, “Other administrative expenses” includes expenses that change with the size of the company, such as: Telephone and internet Computer systems Office supplies and stationery Heat and electricity ...
Kayak: How to reduce overtime
This article is intended for students. The teams need to decide how many kayaks to produce each year. Each team must determine the production capacity (in %) based on the theoretical capacity, which is in turn based on the number of roto-moulding ...
Kayak: Why has the number of employees increased?
This article is intended for students. In the Kayak simulation, new employees are hired automatically when there is an increase in production, sales revenues or number of sales territories. The Director of Human Resources’ payroll form presents the ...
Popular Articles
Practice Zone
This article is intended for students only. This article is for Entrepreneurship, Management and Marketing simulations. The Practice Zone allows you to do a practice run before the real simulation begins. You can play at your own pace while competing ...
Accounting Simulations - System Requirements and Accessibility
This article is intended for Instructors and Students. System requirements required to run the Accounting Cycle and Financial Accounting simulations. Recommended Requirements Device: A Computer is the recommended device to use. Ideally no older than ...
How to answer the 360-Degree Evaluation Questions
This article is intended for participants This article is for Entrepreneurship, Management and Marketing simulations. The 360° evaluation is composed of 3 sections The evaluation of your team: 5 questions that affect the evaluation of your teamwork. ...
How can I see the previous decisions?
This article is intended for students. This article is for Entrepreneurship, Management and Marketing simulations. Next to each decision on the decision forms, you will see this icon: When you click on the arrow icon, a table will appear showing the ...
Golf: Pro Shop - How is the average price calculated for the market study?
This article is intended for students. The average price reflects the selling price in each of the three categories (low-end, mid-range or high-end), weighted by the number of items purchased in each category. In the market study for the pro shop, ...