Version 4.14 - sc. 2 – may 2015 Business Simulation: The World of Artemis www.besoft.fr www.franck-brulhart.com www.facebook.com/artemis.business.simulation 1 1. Objectives and Context The « Artemis » business simulation aims at managing a fictitious firm and building a solid competitive position in a specific industry‚ glass products (including sheet glass and hollow glass). Companies in this industry are facing strong societal pressures to integrate sustainable development and environmental
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Working Capital Simulation FIN/571 May 18‚ 2015 Arnold Harvey Victoria Holmes This simulation has given me a better understanding of what managers and CEO’s go through when making decisions for the company. As I went through each simulation more than once to see what affects the decisions had on cash flows‚ sales and EBIT. In some situations they changed whether it dropped or risen‚ and others they were completely stagnant with their movement through each phase. Below I will point out how and why
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recommend their external colleagues to apply to eGS by offering monetary bonuses for their referrals. We also implemented a competitive internship program in order to promote excellence in the eGS company. Lastly‚ we completely stopped sending recruiters to 2-year colleges and technical institutes but instead turned our focus on 4-year universities where we will find higher qualified candidates and we believe this has a direct correlation to the increase in innovativeness we experienced (.528 compared to
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directly cause the revenue dropped rapidly. In conclusion‚ our performance was not as good as last time. We were so careful that we didn’t build up new factories or warehouses in other places‚ which limited our whole capability. The conservation strategy made us
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Simulation is an educational strategy that allows nursing students to integrate elements of the real world by to achieve certain learning goals. This is done by using various forms of simulation‚ such as computerized mannequins. The use of simulation allows the students to practice essential skills in a particular environment that allows for mistakes and growth without risking patient safety‚ and how to manage situations in a hospital setting. The benefits of using simulation include the use various
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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
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patent on the Neutron. This is an exceptional product so there will be challenges in the industry. The intention is to maximize profits while there is little threat of substitutes or threat of entry from other companies (Newman‚ 2013). Pricing Strategy Selling 8.2 million Neutrons at $1850.00 yields a profit of 0.29 billion. Jane’s advice (Vice President of Finance) to cut advertising costs by 200 million would add 200 million to the bottom line. Jane is most likely relying on income statements
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Benihana Simulation Analysis Harvard Business Publishing has created a computer simulation to replicate the operations management decisions facing Benihana. Benihana is a teppanyaki style restaurant franchise that focuses on bringing a theatrical dinning experience to its patrons. The layout of the restaurant consists of two seating areas: the bar and the dining area. The goal of this simulation is to maximize utilization‚ throughput time and the nightly profit using different batching‚ bar sizing
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ASSIGNMENT 2 BRIEF Qualification BTEC Level 5 HND Diploma in Business Unit number and title Business strategy Assignment issued Assignment due Assessor name Assignment title Your assignment is divided into 3 progressive reports‚ subject to the given submission deadlines. You are assigned to choose one particular company operating in one of the following industries: automobile‚ pharmaceutical‚ finance and banking‚ education‚ and service. Carry out an in-depth investigation on your
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assignment is an individual assignment. Each student is required to complete two runs of the Working Capital Simulation. The simulation site is https://cb.hbsp.harvard.edu/cbmp/access/20227364 (Cost: $12.50). Use the attached instructions to get started. Run 1: Complete the simulation on your own and with a credit limit of 3.2 M. Completion due date: Nov 17. Run 2: Complete the simulation with the help of my cash management tool and with a credit limit of 3 M. Completion due date: 11/24. Ten
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