Over the past three weeks in the University of Phoenix Marketing Management class‚ I have completed three simulations based on real life marketing situations. The first simulation was titled‚ "Forecasting Market Demand." This simulation discussed the importance of determining the future demand for your product in the voice commanded software industry. The marketing team for the new Listensoft software needed to accurately forecast the production capacity of the new product and the pricing strategy
Premium Marketing
This paper is a reflection on three simulations as each relates to strategic planning. The first simulation‚ “Thinking Strategically‚” highlights the importance of environmental scanning. The second simulation‚ “Developing Grand Strategies‚” challenged decisions made for a company which lead to effective strategy formulation and choices. The third simulation‚ “Creating a Strategic Road Map‚” provided a simulated experience of how to build a strategic roadmap focusing on the importance and effectiveness
Premium Strategic management Strategy Strategic planning
| Mt. Everest Simulation Reflection Paper | Assignment 1 | | | | Individual reflection on the Mt. Everest Simulation exercise carried out on 5th October and the subsequent debriefing on 12th October | The Everest simulation was a unique experience. Before the actual simulation started‚ my team discussed the approach we would take and how we will deal with situations wherein the personal goals collided with the team goals. We shared our character profile information with each
Premium Goal Environmentalism The A-Team
team and I partook in the MEGA business simulation‚ a game in which teams take over different struggling car manufacturers in order to right the ship and compete against each other. The simulation consisted of a set amount of periods which I saw as turns in a game. For each turn we had to make decisions on what to do with your team’s company. These decisions were then put in an excel sheet and the results were often known the next day. The goal of business simulations is to learn while also having
Premium Automotive industry General Motors Automobile
Developments in Business Simulation and Experiential Learning‚ Volume 26‚ 1999 STUDENT EXPERIENCES IN THE INTERNATIONAL COLLEGIATE BUSINESS POLICY GAME COMPETITION William D. Biggs‚ Beaver College Michelle Duffy‚ U.S. Navy David Leposa‚ Chrysler Credit Corporation Andrew Milne‚ Vital Solutions International‚ Inc. Eleanor Schwartz‚ Bell Atlantic ABSTRACT This condensed paper provides comments from four students who represented Beaver College in the 1998 International Collegiate Business Policy Game Competition
Premium Management Economics Decision theory
Running Header: BUSINESS REGULATION SIMULATION PAPER Business Regulation Simulation Paper University of Phoenix MBA/560 Enterprise Risk Abstract This paper identifies the key facts‚ regulations and legal issues in the Business Regulation Simulation regarding Alumina‚ a global multibillion company. It identifies several of Alumina ’s values and stakeholders and discusses the conflicts among the competing stakeholders according to the simulation. In addition‚ a summarization on
Premium Law Environment Regulation
What have you learned Business simulation is simulation used for business training or analysis. Most business simulations are used for business acumen training and development. Learning objectives include: strategic thinking‚ financial analysis‚ market analysis‚ operations‚ teamwork and leadership. The business gaming community seems lately to have adopted the term business simulation game instead of just gaming or just simulation. The word simulation is sometimes considered too mechanistic
Premium Business Marketing
Simulation Critical Self Reflection Essay: Peter’s Case File. Critical Self-reflection should be an integral part of any practice‚ not only Social Work. As it is important for one to reflection on one’s own self. The Client Peter Niko in the simulation‚ had visit our agency after a police officer suggested it would be within his best interest. My preconceived notions of the client and the reality was so different‚ that I had to reflect on my own bias and assumptions. Lishman (2002) Stated “We
Premium Psychology Management Thought
MKTG6020 Reflection on Simulation (Individual 30%) The important part of the simulation assignment is what you have learned from it. As such you will be required to reflect on the decisions you made and the outcomes. Some questions to help you structure and undertake this task are listed below‚ this is not an exhaustive list as they may be something in your experience that you feel is more important. You must provide rational for your decisions with reference to theory and explain what you
Premium Costs Management Generally Accepted Accounting Principles
Simulation Reflection (10/04/17-10/05/17) Simulations have always been a stressful event for me. I never feel prepared enough and being observed behind double sided glass is unnerving. With that being said‚ the first day felt very choppy to me. I was assigned the charge nurse position and spent the better part of the time looking up patient information and planning ahead for what might be needed in future orders. I was a good mental exercise for preparing patient care plans and I did enjoy it. When
Premium