Preview

Simulation report

Satisfactory Essays
Open Document
Open Document
276 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Simulation report
INTRODUCTION

This report is based on the business game we played on footwear industry. Whilst the task set for this group business game is strategic in nature and obviously requires the team, a variety of strategical knowledge. It is my experience that there are several other areas of expertise equally important. A large amount of time and effort throughout this game has been spent on team-working - organising the team, processing and collating the vast amount of information that it created, and editing reports into a coherent style, and the language is suitable for everyone.

This report is described by each years results, how successful we were. Also the ranking and overall score.

GROUP FORMATION AND OPERATION

The group of six first met on Wednesday the 2nd of October. We decided to have a meeting on very next day to discuss some initial ideas for the game and our individual strategy and knowledge. In our initial meeting it was our aim to establish which decision we were going to push forward with, who would be our leader and secretary.
It took quite a while to understand the way of playing business game including me. It took almost two weeks. It did however become clear very quickly that we were three of us who have to make the decisions. The first decision we made wasn't very successful and very next one led us almost one of the non-successful business. From third year we three of us started to make decisions and we gradually were successful. Our group leader Naomi Lekota made the third year decisions and we supported it. Those astute decisions helped us to start rising.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Unit 2 Virtual Lab Report

    • 718 Words
    • 4 Pages

    Which of the following would interfere most with the ability of an enzyme to catalyze a reaction?…

    • 718 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    We the members of Team C think that the financial situation of Boeing could be quite successful. Many things happen regularly that bring in revenue, from all the different business units Boeing operates. If more people are informed they may feel the need to join in. Making money is not as easy as some may think so a game plan helps guild any company to success. The plan that this team sees is to make people understand the need and wants of the Boeing Company and if they agree they will be more willing to join in or even purchase from the company.…

    • 1823 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Thompson, A. A., Gamble, J. E., & Strickland, A. J. (2012). Crafting and executing strategy:…

    • 1587 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Get Company name for team. • COMPLETED – review the introductory lesson and take the quiz – complete four rounds and take the quiz of the rehearsal tutorial – both found with the ‘Getting Started’ tab (completed individually – not team-based). • Start thinking about getting together with your team to discuss your strategy. Look at strategy options online “Six Basic Strategies” in capsim.com • Next Monday 2/9, Year One (Practice) decisions due • Due 2/18 – Capstone Situation Analysis and Company Mission Statement/Strategy Due (One per team) • Due 2/23 - Year One (Real) decisions due • 3/9 & 3/11 – Stockholder Presentations 6 © Copyright 2015 Frank C. Schultz, Ph.D. All Rights Reserved Strategic Groups Tool: Strategic Group…

    • 1112 Words
    • 13 Pages
    Satisfactory Essays
  • Good Essays

    Each week group members would meet up to accomplish their goal. From starting out with…

    • 2087 Words
    • 9 Pages
    Good Essays
  • Satisfactory Essays

    You will work in pairs (a group of two (2)) to conduct a strategic analysis and strategy evaluation, and write a report on a real-life business. Please note that this report will focus on business-level strategy.…

    • 836 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Swag

    • 388 Words
    • 2 Pages

    6. The report should include Executive Summary, Introduction, Analyses of the topics listed below, Conclusion, and References.…

    • 388 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Henry Tam and Mgi Team

    • 2083 Words
    • 9 Pages

    In Henry Tam and the MGI team, a group of extremely diverse and talented individuals came together to create a business plan for a unique and creative product to compete in the annual HBS business plan contest. This group consisted of two famous Russian composers, a seasoned businessman, and a group of students from various majors including the HBS MBA student Henry Tam. Unfortunately, this mixture of extreme diversity and viewpoints among team members created a fractious team environment that is further fueled by the group’s lack of team processes, leadership, and definitive role assignment. As time runs out for this competition, personal conflicts and group indecisions are pushing the project towards eminent failure. From the start, Henry Tam could have minimized the effect of this issue had he pushed his team for more structured team processes, clear defined leadership, individualized task assignments, and appropriate role assignment according to each member’s skill set. Nevertheless, Henry still can salvage this business plan by start becoming the facilitator to organize this team and setup more effective processes to better utilize the team’s diverse skill sets and converge on the ultimate goal.…

    • 2083 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Kerrie's Case

    • 251 Words
    • 2 Pages

    Kerrie is the general manager of one of the largest business division of the company that deals with all the financial services with the company. Kerrie has the record of an accomplishment of growing the business exponentially. Kerrie now has a challenge of leading the cost reduction initiative. The first part in Kerrie’s case is she will have to decide to use the method of team-player approach so that she can be able to develop a selection of strategies to hit the twenty percent of cost reduction goal. This percentage was set for the business unit. Kerrie has assembled an effective team. This team is well aware of the challenge that the team will experience. Kerrie is also aware that strategies selected will directly affect the…

    • 251 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    This briefing pack is to provide help and guidance to the Co-operative Group on business strategy. Included in this pack will be strategic concepts and terms and a discussion of issues the Co-operative group will need to consider when planning its business strategy including thinking and planning. A stakeholder analysis will also be discussed to help the organisation.…

    • 4397 Words
    • 18 Pages
    Best Essays
  • Better Essays

    Simulation Essay

    • 1086 Words
    • 3 Pages

    The simulation this week was based on an apartment rental agency, GoodLife Management, in the fictitious town of Atlantis. GoodLife Mgmt. manages the month-to-month rental of 2- bedroom apartment units. By using different situations and assumptions, the simulation provides examples of how certain market factors can affect the supply and demand of GoodLife’s rental units over a period of years. The factors illustrated included GoodLife 's managerial vision, the effect of population changes within Atlantis and outlying areas, changes in customer 's preferences and the application of price ceilings. Through the progression of the simulation, several key concepts were presented, they were: 1) supply and demand, 2) market and price equilibrium, 3) shifts in supply and demand and 4) the potential effects of governmental imposed price ceilings.…

    • 1086 Words
    • 3 Pages
    Better Essays
  • Good Essays

    Business Strategy Game

    • 1143 Words
    • 5 Pages

    Looking back over the last 5 weeks of the Business Strategy Game there were several areas where Company Emergent could have improved and did very well. This paper will provide an in-depth analysis of Emergent’s approach to managing their Emergent footwear company, the growth experienced through the process, and lessons learned. In addition, recommendations for improvement are provided should the game be played again.…

    • 1143 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Simulation

    • 1928 Words
    • 36 Pages

    Global Supply Chain Management Simulation Debrief Slides ©© Enspire Enspire Learning Learning and and Harvard Harvard Business Business School School (revised Dec 2010) 1 Board Members’ Objectives Member Objective Betty Forecasting: choice of options (consensus vs. mean) Doug Forecasting: choice of options (role of risk)…

    • 1928 Words
    • 36 Pages
    Powerful Essays
  • Good Essays

    Monte carlo simulation

    • 937 Words
    • 4 Pages

    Risk analysis is part of every decision we make. We are constantly faced with uncertainty, ambiguity, and variability. And even though we have unprecedented access to information, we can’t accurately predict the future. Monte Carlo simulation (also known as the Monte Carlo Method) lets you see all the possible outcomes of your decisions and assess the impact of risk, allowing for better decision making under uncertainty…

    • 937 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Simulation Case Study

    • 2293 Words
    • 10 Pages

    The next part of this proposes improvement of the bonding workstation using simulation methods. Simulation is a kind of analysis method, which involves systems, models and applications, to mimic the behavior of reals systems, using appropriate software on a computer. Simulation models can be used to analyze and measure the effect of changes on the manufacturing processes. Other advantages of simulation are that it can be done with less analytic requirement, it can be easily demonstrated, and experimental simulation runs can be done in a compresses time. Because the model is simulated on a computer.…

    • 2293 Words
    • 10 Pages
    Good Essays