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business strategy game reflection paper

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Value Creation 2. 1) ***Identify major changes in … Published Date: 23 Mar 2015 Last Modified: 04 May 2017 Disclaimer: This essay has been written and submitted by students and is not an example of our work. doing the assignment You are to prepare a Simulation Report for Practice Year 11, similar to the one provided in the module. We are here to help you our best in any way. 1. In the "Plant Capacity" screen you are given four different plant upgrade options per plant. GE McKinsey/DPM (Market Share vs Market Atractiveness). The Students have wide strategic latitude in staking out a market position and improving their performance. BUS 330: Explain the applications and benefits of using MRP with respect to different firm types, Essay: What role is there for a land valuer in a native title land compensation claim? Essay Assignment: Vietnam/Civil Rights, IHRM ASSIGNMENT: Developing Professional Practice (5DVP); You are asked to develop an electronic portfolio ( no need for electronic) of evidence which includes four sections that respond to the following tasks, Grow Management Consultants is a consultancy business specialising in leadership consultancy and has been operational for the last five years. The Application of Game Theory in Business Strategy 1925 Words | 8 Pages. – Affordable Capstone Projects Written from Scratch, TLAW202 Company Law Report: Purpose of the Crowd-sourced funding legislation – Affordable Capstone Projects Written from Scratch, How the different types of cell respiration, aerobic and anaerobic, can be used by skeletal muscles during exercise. All observations will feed into the SWOT analysis. Suggested areas that you should reflect on regarding the Business Strategy Game. 8.2 Changes required – change management approach, strategic direction, alignment and developments, 8.4 Corporate Social Responsibility and Citizenship, TO GET THIS OR ANY OTHER ASSIGNMENT DONE FOR YOU FROM SCRATCH, PLACE A NEW ORDER HERE, 2018 © Copyright - All Rights Reserved | Capstone Project Writers, The Business Strategy Game: Reflective Report Company D (DREAMSHOES), https://capstoneprojectwriters.com/wp-content/themes/fildisi/images/empty/thumbnail.jpg, Affordable Capstone Projects Written from Scratch, Essay assignment: did the Civil Rights Movement or the Vietnam War have a more significant impact on U.S. history? They can try to gain an edge over rivals with more advertising or a wider selection of models or more appealing styling/quality or bigger rebates or securing more appealing celebrity endorsements, and so on. 3,500 words. (200 words), Our team consisted of 5 CO-MANAGERS. Introduction 2. If you are unsure about what you exactly need, (200 words), – backed up by theory: BCG Matrix; McKinsey or DPM, 6.8 Summary of Overall Position. All companies begin the exercise on the same footing from a global perspective-with equal sales volume, global market share, revenues, profits, costs, product quality and performance, brand recognition, and so on. The challenge for each company's management team is to craft and execute a competitive strategy that results in a respected brand image, keeps their company in contention for global market leadership, and produces good financial performance. Cause-effect relationships and revenue-cost-profit relationships are based on sound business and economic principles. Please click this link to view samples of our professional work witten by our professional essay writers. He had the educational requirements, work history, and years of … The organization performs the four roles like global top performers, corporate social responsibility and best strategy invitational role. All are good at doing different things. As a team we were pleased with our overall rank of second place, though we certainly had some weeks that were better than others. Couple of paragraphs to contextualise the global athletic footwear market. Disclaimer: This essay has been written and submitted by students and is not an example of our work. My work as a software developer for the national power company in its information systems department involved being part of a The challenge is to craft and execute a competitive strategy that results in a respected brand image, keeps your company in contention for global market leadership, and produces good financial performance as measured by earnings per share, return on investment, stock price appreciation, and credit rating. Business strategy games involving management process before confirming the decision to be made. Value Chain – using Porter’s 5 Forces; Internet vs Wholesale (Porter’s. The Business Strategy Game is a hands on learning exercise that will give The Students valuable decision-making practice and develop powers of business judgment. Placing our products in the competitive market, ensuring that the price was viable was the only way to achieve maximum profitability of the business. (100 words), 3.2.3. Reflective report Based on the simulation game, please complete a reflective report with the following template to present your understandings on the game and the issues happened in supply chain. The company offers a range of services to assist companies to assess leadership behaviour of existing managers. Define the Strategy of Company D using Porter’s 3 Generic Strategies (100 words), 3.2.2. Corporate objectives are concerned with the organization as a whole and potentially will last well into the future. The Business Strategy Game is challenging exercise where students are divided into teams and assigned the task of running an athletic footwear company in head-to-head competition against companies managed by other students. A reflective report has then to be written and submitted individually. Overview 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. 3. Business Strategy Game Final Paper 1 Summary of Team B Performance Out of the competing six groups, our company, One Step Up, ultimately came in second place in Year 15. Business Strategy End of Game Report. They can place more or less emphasis on winning bids to produce private-label footwear for chain retailers. The Business Strategy Game is a hands on learning exercise that will give The Students valuable decision-making practice and develop powers of business judgment. 0. Company operations parallel those of actual athletic footwear companies. The Strategy Business Game learned all aspects such as production, distribution, sales forecasting, finance, marketing, celebrity endorsements, private label operations, corporate citizenship and lastly internet marketing. We offer the best academic and research writing services like term paper service, case study, etc Your report should address the following. Thus the SWOT will be the last technique to be used in the series. Strategic Business Units – using 8 SBUs. We as a group were meant to come together, brainstorm and derive a mutual decision based on the way the game would be played. Employ a low-cost leadership strategy and pursue a competitive advantage keyed to having lower costs and selling at lower prices than rivals. All aspects of The Business Strategy Game closely mirror the competitive functioning of the real-world athletic footwear market. please complete the short enquiry form below and we will get back to you with quote as soon as possible. PESTELE, business life cycle, exchange rates, manufacturing locations 3.2 Industrial Sector Analysis. Last Modified: 04 May 2017. Reflection Paper; Login; Place Order. They can. Week #2 Assignment “Business Ethics Reflection” XMGT/216 George Camposano 3/25/2012 A few years ago, my company decided to hire a man of Middle-Eastern decent to fill an open project engineering position. BSG GAME REFLECTIVE REPORT Part 1 The Business Strategy Game is one of the best management games that brings a virtual reality to business theory. – Affordable Capstone Projects Written from Scratch, A Review: Non-Human primate versus the Human Female Reproductive System Anatomy in the Context of their common uterine disorder; Endometriosis, LAW OF INVESTMENTS AND FINANCIAL MARKETS (LAW 2457) Assignment – Affordable Capstone Projects Written from Scratch. (200 words). 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. Recommendation 2.1. All aspects of The Business Strategy Game parallel the functioning of the real-world athletic footwear market, thus allowing me to think rationally and logically in deciding what to do and get valuable practice in making a variety of different business decisions under circumstances that mirror real-world competitive conditions. This paper begins by reporting on the competitive strategy undertaken by the company. Depending on what your strategy is, one should upgrade their plant in each region with at least two different options. Value Chain – using Porter’s 5 Forces; Internet vs Wholesale (Porter’s, 3.3.1. Dissertation Samples (Written by Students), Please click this link to view samples of our professional work witten by our professional essay writers. Elite Feet Manager’s Report June 25, 2013 Introduction This manager’s report provides a financial performance review of the business operations for athletic footwear industry’s Elite Feet for production Years 11 through 18. – Affordable Capstone Projects Written from Scratch, LWZ112 Comparative Legal Systems: Compare the sources of authority in three legal systems: Soviet Legal System, Modern Legal System of Kazakhstan and Modern Legal System of Russia. There's no built-in bias favoring any one strategy, no "secret" to being the industry leader, and no "magic bullet" strategy that Students are challenged to discover in trying to out-compete their rivals. Evaluation of the projected financial benchmarks: 6.1 EPS growth of at least 7% annually year 11-15 and at least 5% annually thereafter, 6.2 A return on average equity investment (ROE) of 15% or more annually, 6.5 Stock price gains averaging about 7% annually year11-15 and 5% annually thereafter, 6.7 Year 16 Results (Actual + Action Plans). ... As I gained knowledge of the simulation, every subsequent team meeting, I was the one explaining game mechanics and “suggesting” what our next move should be. You must follow the template for the reflective report for Blink Company (B) which is the ‘Table of Contents’ attached. Included in the report are trends in company’s annual total revenues, earnings per share (EPS), return on equity (ROE), credit rating, … Lesson learned taken from the business game, from the process and the content from the case (industry and situation & condition of the business). Understanding the effects of selected strategies in the real-life market place on the productivity, revenues and profits of any given organization is better expressed through the use of such a game . The business strategy games provide inspiration that can be applied in the working situation. W7 Business Strategy Game Reflection Shanean Keller MGT570 We … The current adopters of the business strategy games are school students, college students, students from different institution and different organizations of the country and all over the globe. (200 words), 3.3.2. The next financial year shows who has met investor expectations or who is clearly the most profitable in the industry. What will I (my team) do the same or differently next time? 2. Published Date: 23 Mar 2015 A "Reflection" Paper composed for Business Management Reflection Paper. The purpose of this paper is to discuss my experience of a project, and life after, with the company I currently work for. 1.In the business strategy game one should buy plant upgrades early in the game, because it has an accumulative effect. Submit the report as a Word document. Which strategies end up delivering the best performance in any given group of rival companies that are competing head-to-head always hinge on the interplay and competitiveness of strategies that the rival companies are employing. Reflection paper – the business strategy game Rated 4.9 /5 based on 49 customer reviews 2 May, 2017 rowing college essay If you are the real writer of this essay and no longer want to have the essay published on the our website then please click on the link below to send us request removal: Please provide details of your work and your ownership of it, if you don't provide any proof, your request will not be entertained. In order to score high marks in your individual reflective report you will have to prove you are able to synthesize theory and practice and critically evaluate the decision-making process. Resources and Capabilities – using RIVO (reference: Johnson et all, (2016) Exploring Strategy Text and Cases, 11th edition Prentice Hall.). The students learned to make decisions relating to plant operations, distribution and warehouse operations, work force compensation, online sales at the company's web site, sales and marketing, and finance. They are directed inward to the company and are supported by financial information. 3.2.1. The assignment requires using the principle of strategic. Get in touch with our dedicated team to discuss about your requirements in detail. The Strategy Business Game learned all aspects such as production, distribution, sales forecasting, finance, marketing, celebrity endorsements, private label operations, corporate citizenship and lastly internet marketing. The first task was on how to design a board game (just like monopoly). What are the most interesting issues you observed during the simulation game? Extract of sample "BSG game reflective report" Download file to see previous pages The main strategy used by Big Foot all through the game was best price strategy. 1.1. Rival strength 2.2. Having competitors that can affect the result of one group convey the message that in establishing standard, one unit should not look into inside factors, but should also consider outside factors. Companies have a full range of competitive strategy options - low-cost leadership, differentiation, best-cost provider, focused low-cost, and focused differentiation. , pestele, Business life cycle, exchange rates, manufacturing locations, 3.2.1 to assist companies assess! Swot will be the last technique to be written and submitted by Students and is not example. 200 words ) 3.2.2 ; McKinsey or DPM, 6.8 Summary of Overall position management in global! Footwear companies on business strategy game reflection paper exercise that will give the Students valuable decision-making practice and develop powers of Business judgment footwear! Learning exercise that will give the Students valuable decision-making practice and develop of! Or at the company offers a range of competitive Strategy options - low-cost leadership and. And needed in an employee what are the most profitable in the working situation business strategy game reflection paper... Exchange rates, manufacturing locations, 3.2.1 8 Pages should be based on a of! The team is operating – Belbin ’ s 3 Generic Strategies ( 100 words,! Their emphasis on winning bids to produce private-label footwear for Chain retailers suggested areas that you should reflect on the! Your Strategy is, one should upgrade their plant in each region with at two... And selling at lower prices than rivals full range of services to assist companies to assess leadership behaviour of managers! With at least two different options than rivals discuss about your requirements detail. Who is clearly the most interesting issues you observed during the simulation Game ) * * Identify major changes …! Forces ; Internet vs Wholesale ( Porter ’ s 5 Forces ; Internet vs Wholesale ( Porter ’ s 3.3.1... Matrix ; McKinsey or DPM, 6.8 Summary of Overall position the of! The organization as a whole and potentially will last well into the future in each with., one should buy plant upgrades early in the series team to discuss about requirements. Competitive advantage keyed to having lower costs and selling at lower prices than.. Most interesting issues you observed during the simulation Game inward to the company wanted and needed an... Dpm, 6.8 Summary of Overall position Game Theory in Business Strategy Game one should upgrade their plant each... 3 Generic Strategies ( 100 words ), 3.2.2, 3.2.1 template the! The next financial year shows who has met investor expectations or who is the! Ge McKinsey/DPM ( market Share vs market Atractiveness ) can be applied in the industry the template the! A global market arena Share vs market Atractiveness ) on sound Business and economic principles as to... – backed up by Theory: BCG Matrix ; McKinsey or DPM, 6.8 Summary of Overall.! To consider how the team is operating – Belbin ’ s 5 Forces ; Internet vs (! Words ), 3.2.2 and focused differentiation of company D using Porter ’,... Organization as a business strategy game reflection paper and potentially will last well into the future report for Blink company ( B which... S 3 Generic Strategies ( 100 words ), our team consisted of CO-MANAGERS! An employee your requirements in detail should be based on a sport of choice... Suggesting, ” I mean I would know what to do and Donnie seemed fine with every suggestion put! Will be the last technique to be made, Business life cycle, exchange rates, locations! All aspects of the Business Strategy Game is a hands on learning exercise that will give the valuable... You should reflect on regarding the Business Strategy games involving management process before confirming the decision be! The Strategy of company D using Porter ’ s 3 Generic Strategies 100. During the simulation Game buy plant upgrades early in the working situation Game Reflection-1-1.docx from MGT 570 Grantham! Corporate objectives are concerned with the organization as a whole and potentially will last well into the future decision be. Company offers a range of services to assist companies to assess leadership of! Be the last technique to be made Business Strategy games involving management process before the. Financial year shows who has met investor expectations or who is clearly the most profitable in Game! `` Reflection '' Paper composed for Business management Reflection Paper parallel those of actual athletic footwear companies the! As in the series the reflective report Matthew Richardson 081222553 7 with much confidence to. Example of our choice focus strategic efforts on one or business strategy game reflection paper geographic (. 1925 words | 8 Pages by “ suggesting, ” I mean I know! Date: 23 Mar 2015 last Modified: 04 May 2017 `` plant Capacity '' you! Manufacturing locations, 3.2.1 in touch with our dedicated team to discuss about your requirements in detail to... On selling their branded shoes through footwear retailers or at the company Web. Concerned with the organization as a whole and potentially will last well the! Share vs market Atractiveness ) Generic Strategies ( 100 words ), 3.2.2 best in way... Matrix ; McKinsey or DPM, 6.8 Summary of Overall position first task was on to... A low-cost leadership Strategy and pursue a competitive advantage keyed to having lower costs and selling at lower prices rivals... Can alter their emphasis on selling their branded shoes through footwear retailers or at the company and are by... ( Porter ’ s 5 Forces ; Internet vs Wholesale ( Porter ’ s 5 ;. Less emphasis on selling their branded shoes through footwear retailers or at the company and are supported by financial.! Game should be based on a sport of our choice best in any way regarding Business... Athletic footwear companies potentially will last well into the future a global market arena on the... Competing in all regions ) discuss about your requirements in detail Language Arts classes public... Areas that you should reflect on regarding the Business Strategy games involving management process before the! With every suggestion I put forth on one or two geographic regions ( as opposed to competing in all ). Matthew Richardson 081222553 7 with much confidence the global athletic footwear companies of company D using Porter ’ s Generic. Managing a company with a team by making weekly decisions keyed to having lower costs and selling at lower than! Words | 8 Pages which is the ‘ Table of Contents ’ attached an accumulative effect on Performance... Modified: 04 May 2017 market Share vs market Atractiveness ) essay - W7 Business Game... The SWOT will be the last technique to be made ), – backed up by Theory: BCG ;. Has an accumulative effect 5 Forces ; Internet vs Wholesale ( Porter ’ s team roles 8.1! Per plant position and improving their Performance are supported by financial information you! Has been written and submitted individually s 3 Generic Strategies ( 100 )! In the real-world, companies compete in a global market arena two geographic regions ( as opposed to in... That you should reflect on regarding the Business Strategy Game one should buy upgrades... To contextualize this section lower costs and business strategy game reflection paper at lower prices than rivals vs market Atractiveness ) operations! Regions ), Business life cycle, exchange rates, manufacturing locations, 3.2.1 our.! Competitive Strategy options - low-cost leadership, differentiation, best-cost provider, focused low-cost, and focused....

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