Preview

Mircomotors Simulation

Satisfactory Essays
Open Document
Open Document
605 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Mircomotors Simulation
Micromoters Simulation
The first thing I noticed with this simulation was how complex it was compared to the first simulation with Universal. But also I noticed right away that being fired was also easy to do, and did occur as I was trying to figure out exactly how to run the simulation. Once I had a descent understanding of the simulation I was noticing it was uneasy to make all of the customers very satisfied and really easy to make them very dissatisfied.
When I would start running the simulation I would start with what they gave me and advance round right away. Then after that I would immediately look into the market research section to find out more about what the customer wants so I could try and please all the customers. Every time I would try to make the customers happy I would continue to end up being fired. There was one time when I was close to having everyone very satisfied, but could not please everyone. I believe that was one topic we were trying to learn from this, that pleasing everyone and giving them exactly what they want sometimes is not possible.
The next thing that would stand out to me was the net income which would sometimes be negative and I would have lots of trouble trying to get it to be positive. If I could not get it positive in a descent time then I would be fired. Segments B and D would tend to be very frustrating for me. I could not get them to be satisfied often. But I could keep my net income figure up, but then they would not be too happy. Around the year 2011 I noticed my net income figure to be dropping very low. I fixed this by decreasing my sales force and decreasing some of my product development. But this lead me to believe it the high net income figure would only live for so long. At the end of my second completed simulation, since I was not fired I was able to finish with a high net income but a lot of the customers were very dissatisfied. One way you could almost instantly raise the net income was to reduce the

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Fina310 Unit 2

    • 410 Words
    • 2 Pages

    The Unit 2 Individual project states that I am to determine the year-to-year percentage annual growth in total net sales for the Micro Chip Computer Corporation. After looking at the chart I do not think that the Micro Computer Corporation is going to make the +10% annual revenue growth in 2009. I got this by taking each year and adding them together and then dividing them to get the year-to-year growth. After doing this I took all of the percentages and averaged them out. This is showing that there is a -3.1% drop. Also using the CAGR there is a -6.8% which is not helping the company show that it will make the revenue growth. With this it will be very hard for the company to actually make a +10% revenue growth in 2009. Below is showing the loss and gains that were made every year.…

    • 410 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Fnscc601a Answers

    • 1203 Words
    • 5 Pages

    LT014090 - Workplace Simulation (Test A) Marking Guide, FNSACC601A - Edition 1 & 2 © New South Wales, Department of Education and Training 2011, Version 1, June 2011…

    • 1203 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Hrm 531 Week 3

    • 905 Words
    • 4 Pages

    The expected results (shown in table below) may help you to evaluate performance, each activity is assigned a quota (250,000 that will results to 1,000,000 sales and 25% growth) and a weight reflecting its relative…

    • 905 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Supply Chain Task 1

    • 1619 Words
    • 7 Pages

    To evaluate how I utilized both budgets and pro-formas to ensure the adequacy of funds for providing production capacity that was needed to achieve the businesses goals. I want to first start with the definition of both pro-forma and budget; A budget is a basic idea that covers more than a few areas, all in all it's a financial plan that is made to control costs for operations and results. It can be expressed in a multitude of numerical terms, it also can cover a certain period of time, short, intermediate and long term goals. A pro-forma is also a financial statement but it is prepared based upon assumptions of specific events and transactions that will hopefully occur in the Future, so basically a projected estimate using historical data to form a hypothesis of A financial outcome. The importance of both the pro-forma and budget were huge. Knowing going into the simulation how much seed money was going to be issued and how much additional money was coming in future investments, gave me an idea of how aggressive or conservative I could be. I was able to to set with an initial idea of how much I could spend for each factor needed moving forward. I was able to understand how much to market, how much to hire and how much I could afford for each of these tasks, as well as how much was coming into pay for future marketing and hires. Without advertising there are no customers, without a good sales and service staff there are no sales, or an ability to take care of the customer. In the opening quarter of the company I had a 2 million dollar start-up fund. My upfront expenses were approximately $530,000. I also chose to invest in a 3 month CD about $880,000, I made sure in my first endeavor to keep money available and not to over indulge. I took similar approaches going…

    • 1619 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Marketing and High End

    • 2430 Words
    • 8 Pages

    This report is designed to critically analyse the changing environment of simulation and review the performance of Baldwin by using a set of business models. To start with, the general industry background and company overview will be introduced by highlighting some market segments. Secondly, competitive landscape will be demonstrated by applying Porter’s Five Force and SWOT analysis tools. Thirdly, it will present Baldwin’s performance with identification of diverse strategies in different rounds. Finally, based on the overall performance of Baldwin, some recommendations will be given for future direction.…

    • 2430 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    We refrained from introducing any new products in order to prevent paying large start-up costs without efficient funding. It would have been wise to introduce a new product if we had more rounds during the simulation. This would have allowed us to specialize in the markets we were efficient in and dropped those that were costing us money. If we were to introduce a product however, to see any benefits of this initiative during the simulation, the product would have had to been launched within the first few rounds. But, spending a lot of borrowed money early on in the simulation did not make sense for our cost leadership strategy. We would have had to wait until we could fund it with our retained earnings in order to be in alignment with our strategy. However, this would not have been an option until the 3rd or 4th year, and by then much too late to see positive benefits by year 6.…

    • 2929 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    2. The top managers didn’t really understand the meaning of the analytical numbers which Bill got from the marketing research and only considered that the return was low so that decided to stop Sweet Dream and try another new concept.…

    • 959 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Capstone Simulation

    • 5055 Words
    • 21 Pages

    Capstone is a business simulation designed to teach strategy, competitive analysis, finance, cross-functional alignment, and the selection of tactics to build a successful and focused company. In each round, we have to meet the buying criteria for our customers in each segment. We have five different products: Traditional Segment, Low-End Segment, High-End Segment, Performance Segment, and Size Segment. Each round is a year in the company’s life and decisions are made in research and development, production, marketing and finance. Critical thinking is a vital step in making decisions as to how each round will be implemented. Capstone provides us with an opportunity to run a virtual business risk-free.…

    • 5055 Words
    • 21 Pages
    Better Essays
  • Better Essays

    The following simulation addresses the hindering of structure progression that can be the result of a satisfaction imbalance of the workers. If the employees are having difficulties completing tasks efficiently and effectively it is important that they inform the management team of the situation. If management is not informed of the difficulties it can put the company at a high risk for being in a state of low productivity.…

    • 1195 Words
    • 5 Pages
    Better Essays
  • Good Essays

    During the initial phase of the simulation four major opportunities are presented that can potentially be helpful for the company in maximizing growth. Those opportunities include:…

    • 1399 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Better and Online Sales

    • 390 Words
    • 2 Pages

    Researching our customer and employee survey results, the negative and positive feedback we received was a discrepancy in speed, tired pastries and boring décor. In providing a survey to our employees there feedback was we have a sink or swim training with very few career opportunities in the company.…

    • 390 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Selective Reasoning

    • 1343 Words
    • 6 Pages

    Before the simulation started our group decided that we wanted to put customer satisfaction as our top priority, over market share and profit. After our first quarter, we began to panic because every satisfaction arrow was in the red. Immediately we made changes to everything we did before, restoring us back to equilibrium in the second quarter. From there on out, the simulation ran a lot more smoothly.…

    • 1343 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Since managers cannot manage what they give little attention to, a paradox is widespread across all forms of organizational change: changes that successfully improve performance in one part of the firm often fail to translate into gains in firm level performance. This is the challenge in the simulation this paper will address.…

    • 1647 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    -The simulation demonstrated applicants history in teamwork is important, because the job is to be performed in a team environment. For example, Jessica’s background indicates she might have different outlook in life than the rest of the team she is to be working…

    • 510 Words
    • 3 Pages
    Good Essays
  • Good Essays

    My simulation scores show the area of most need for improvement in the areas of cost projecting and financial decision making. While working on the project in the beginning. I do not believe that I spent enough time with the work breakdown schedule and the project charter, as the project was behind schedule for the full duration of the project life cycle requiring multiple revisits to request further funds to cover project costs. It will be in my best interest in future projects to familiarize myself fully before determining financial…

    • 1509 Words
    • 7 Pages
    Good Essays

Related Topics