LINKS Sign-Up Form: LINKS Marketing Research Simulation This LINKS Sign-Up Form provides essential information to permit LINKS Simulations staff to manage LINKS on your behalf. This LINKS Sign-Up Form is for one industry or for multiple industries with identical game-run schedules. Use separate LINKS Sign-Up Forms for industries with different game-run schedules. LINKS Simulations Variant Marketing Research Simulation Instructor’s Name Instructor’s College/University Instructor’s Phone Number(s) Instructor’s E-Mail Address Course Number/Title/Section Number of Firms (between 2 and 8) For multiple industries with identical game-run schedules, identify the number of firms for each industry in the “Number of Firms” line above. For example, “Two Industries: A (4 firms) and B (5 firms).” Payment Method If students are paying for LINKS with personal credit cards via the “Pay For LINKS” link on the LINKS website, Payment Method is “Students Pay With Personal Credit Cards.” If the instructor’s institution is paying for LINKS via institutional invoice attached to an e-mail message sent to the instructor (for forwarding to the relevant within-institution person), Payment Method is “Institutional Invoice.” LINKS staff execute scheduled game runs daily at 900am, 100pm, 500pm, and 900pm U.S. Eastern Time. Please choose one of these four times for each round in your LINKS event. If other game run times are desired (e.g., with multiple game runs per day or in corporate/ExecEd events with LINKS), please contact us (LINKS@LINKS-simulations.com) well ahead of time to ensure that our staff can meet your specific game run scheduling needs. LINKS Schedule Date Time (your local time) Special Instructions and Instructor-Optional Switches Initialization (and advancement to Q#4 and passcode e-mailing to you and your students) Q#5 Q#6 Q#7 Q#8 Q#9 [round 1] [round 2] [round 3] [round 4] [round 5] In academic degree-granting programs, the LINKS Marketing Research Simulation costs $27 per student for a four-round event (after initialization and advancement to quarter #4, the normal starting position when students assume managerial control of their LINKS firm). Extra rounds beyond four cost an additional $4 per student per extra round. Here’s a sample LINKS schedule for a LINKS Marketing Research Simulation event. For information about other instructor-optional switches, access the LINKS sign-up webpage (http://www.LINKS-simulations.com/sign-up.php) or the “Customizing LINKS” link on the LINKS Simulations website. To discuss the design of your LINKS event and the use of instructoroptional switches, please contact Randy Chapman (LINKS@LINKS-simulations.com). LINKS Schedule Initialization (and Time Date (your local time) March 22 Anytime April 2 April 5 April 9 April 12 13:00 13:00 13:00 13:00 Special Instructions and InstructorOptional Switches advancement to Q#3 and passcode e-mailing to you and your students) Q#5 Q#6 Q#7 Q#8 Q#9 [round 1] [round 2] [round 3] [round 4] [round 5] Last LINKS round is a double-run. Notes: This sample schedule shows regular weekly decision inputs on the same week days and times. Such “regularity” is not a requirement, but it’s a typical scheduling pattern in academic degree-granting programs to help LINKS students in their time management and work-life scheduling. Please send the completed “LINKS Sign-Up Form” as an e-mail attachment to LINKS Simulations (LINKS@LINKS-simulations.com). Please communicate any necessary scheduling changes after your LINKS event begins via e-mail to LINKS Simulations (LINKS@LINKS-simulations.com). About the LINKS Marketing Research Simulation The LINKS Marketing Research Simulation is targeted at marketing research courses where a “modest” four-round sophisticated competitive simulation experience is desired, as part of a larger set of course activities. Students are challenged to use the simulation’s rich marketing research resources to improve the performance of their simulation firm over the next four quarters (simulation rounds) of the competitive simulation exercise. The instructor frames the LINKS Marketing Research Simulation exercise as a new product development and management scenario: launch a new product successfully (positioning and market entry strategies/tactics) in the presence of vigilant competitors while profitably managing existing products. Starting Conditions Product 1 is a low-end, low-priced product actively distributed everywhere; product 2 is a “relatively” high-end, high-priced product initially actively distributed only in region 1. Product 3 is available for use, although it is inactive as of Q#4. As of Q#4, average per-firm profitability is approximately $2,500,000 on revenues of about $30,000,000. Average per-firm Q#4 demand (i.e., sales volume in units): Region 1 Region 2 Region 3 (“U.S.A.”) (“Europe”) (“Pacific”) Hyperware 50,000 21,000 48,000 Status of product configurations (estimated product quality perceptions, a perceptual rating scale which ranges from 0% to 100%): Initial Region 1 Region 2 Region 3 Configuration (“U.S.A.”) (“Europe”) (“Pacific”) Product 1 (Hyperware) Product 2 (Hyperware) Product 3 (Hyperware) H111010 H376020 H111010 1% 19% Inactive 1% inactive inactive 1% Inactive inactive Some Initial Firm Decisions (For Q#5 and Beyond) Since the firms have been on “auto-pilot” for the initial four quarters, forecasts must be updated, presumably with reference to the sales history provided in the Forecasting Accuracy Report. No research studies are provided with the initial Q#4 results, so initial firm decisions must include consideration of which research studies would be useful in the future. This point/recommendation must be made quite forcefully by the LINKS instructor, to get the students’ attention in the “blitz” of the overwhelming initial activity set in LINKS as students assume managerial control of their firms. Since all products aren’t actively distributed in all regions when students assume managerial control of their LINKS firms after Q#4, there is an apparent immediate growth opportunity involving the launch of inactive products. Of course, there’s always the associated provocative question: is there sufficient volume potential present to yield a profitable business opportunity? And, in particular, does the existing configuration of product 2 “fit” customer preferences in any other region (other than region 1 where it is initially actively distributed)? And, furthermore, where will product 3 be targeted? (Launching product 3 with its current configuration, a duplicate of product 1, is decidedly unwise. A “super” low-end product, product 1, already exists in all regions.) There is clearly much opportunity to improve product design. And, that requires lots customer preference research. Encourage your students to ask good questions like “how attractive are your products to your customers?” and “what research studies provide useful information about how your customers view your products?” Advanced Options Advanced options aren’t normally a part of a standard 4-round event for the LINKS Marketing Research Simulation.