management in a virtual business environment and managing a company with a team by making weekly decisions. 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. 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. 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. Define the Strategy of Company D using Porter’s 3 Generic Strategies (100 words) 3.2.2. Dissertation Samples (Written by Students), Please click this link to view samples of our professional work witten by our professional essay writers. We are here to help you our best in any way. The first task was on how to design a board game (just like monopoly). Individual Reflective Report on the Business Game Simulation. 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. A reflective report has then to be written and submitted individually. Placing our products in the competitive market, ensuring that the price was viable was the only way to achieve maximum profitability of the business. You must follow the template for the reflective report for Blink Company (B) which is the ‘Table of Contents’ attached. (200 words), PESTELE, business life cycle, exchange rates, manufacturing locations, 3.2.1. Focus strategic efforts on being the clear market leader in one or more market segments-wholesale sales to footwear retailers or Internet sales or private-label footwear manufacture for chain retailers. All observations will feed into the SWOT analysis. What are the most interesting issues you observed during the simulation game? 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. 2. The business strategy games provide inspiration that can be applied in the working situation. This paper begins by reporting on the competitive strategy undertaken by the company. Topic: Reflective Report on Business Strategy Game (Strategy Simulation) Paper details: Re: BUSINESS STRATEGY GAME (BSG) SIMULATION GAME See the attached files for all instructions. 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. Please understand that the content of the report will be based on your mission, generic strategy, strategy for international operations, and the decisions that you made to support your mission and strategies. Reflection on Personal Performance in Business Strategy Game 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, 3.3.1. BUS3034 Individual Reflective Report Matthew Richardson 081222553 7 with much confidence. Submit the report as a Word document. Get in touch with our dedicated team to discuss about your requirements in detail. Company operations parallel those of actual athletic footwear companies. You may wish to consider how the team is operating – Belbin’s team roles, 8.1 A paragraph to contextualize this section. ... 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. (100 words) 3.2.3. They can alter their emphasis on selling their branded shoes through footwear retailers or at the company's Web site. The gentlemen exemplified what the company wanted and needed in an employee. We simply had to learn through our mistakes. 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. Disclaimer: This essay has been written and submitted by students and is not an example of our work. Everything about the company and industry environment has been made as realistic as possible in order to provide company co-managers with a close-to-real-life managerial experience where they can apply what they've learned in business school, logically decide what to do, and otherwise practice being businesslike. All are good at … 1.In the business strategy game one should buy plant upgrades early in the game, because it has an accumulative effect. Your report should address the following. 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 . Reflection paper – the business strategy game Rated 4.9 /5 based on 49 customer reviews 2 May, 2017 rowing college essay 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. 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. Reflection Paper; Login; Place Order. My work as a software developer for the national power company in its information systems department involved being part of a The students can pursue essentially the same strategy worldwide or craft slightly or very different strategies for the Europe-Africa, Asia-Pacific, Latin America, and North America markets. reflection paper – the business strategy game About Management Processes From the Business Strategy Game, I learned that first important process for a company to determine its future business path was to set a strategic and realistic planning about what is the company goal, how long the goal will be achieved and how to achieve the goal among the competition. GE McKinsey/DPM (Market Share vs Market Atractiveness). Corporate objectives are concerned with the organization as a whole and potentially will last well into the future. 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 Application of Game Theory in Business Strategy 1925 Words | 8 Pages. 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. 4. The Students have wide strategic latitude in staking out a market position and improving their performance. 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. The organization performs the four roles like global top performers, corporate social responsibility and best strategy invitational role. (200 words), – backed up by theory: BCG Matrix; McKinsey or DPM, 6.8 Summary of Overall Position. Suggested areas that you should reflect on regarding the Business Strategy Game. All aspects of The Business Strategy Game closely mirror the competitive functioning of the real-world athletic footwear market. 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? The Business Strategy Game: Reflective Report – Level 6 Suggested areas that you should reflect on regarding the Business Strategy Game Word limit: 3000words No single model or technique is necessarily better than another. Recommendation 2.1. 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. reflection paper – the business strategy game About Management Processes From the Business Strategy Game, I learned that first important process for a company to determine its future business path was to set a strategic and realistic planning about what is the company goal, how long the goal will be achieved and how to achieve the goal among the competition. Every students learned to makes decisions in their respective companies which is submitted before a due date in which the game "turns" one year. Dictated by the Game 2.3. 0. Value Creation 2. Rival strength 2.2. Define the Strategy of Company D using Porter’s 3 Generic Strategies (100 words), 3.2.2. The next financial year shows who has met investor expectations or who is clearly the most profitable in the industry. Included in the report are trends in company’s annual total revenues, earnings per share (EPS), return on equity (ROE), credit rating, … Discusses the managed use of reflective learning as part of a complex computer-based strategy simulation, the Business Strategy Game. Introduction 2. 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. He had the educational requirements, work history, and years of … In the "Plant Capacity" screen you are given four different plant upgrade options per plant. View Essay - W7 Business Strategy Game Reflection-1-1.docx from MGT 570 at Grantham University. The game should be based on a sport of our choice. They can place more or less emphasis on winning bids to produce private-label footwear for chain retailers. Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of EssayCompany. 3,500 words. By “suggesting,” I mean I would know what to do and Donnie seemed fine with every suggestion I put forth. Business Strategy Game. Lesson learned taken from the business game, from the process and the content from the case (industry and situation & condition of the business). 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. (200 words), Our team consisted of 5 CO-MANAGERS. 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. 1853 Words8 Pages. They are directed inward to the company and are supported by financial information. Business strategy games involving management process before confirming the decision to be made. We as a group were meant to come together, brainstorm and derive a mutual decision based on the way the game would be played. 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. 5.1 A paragraph to contextualize this section, 5.2 7 P’s – Product, Place, Promotion, Price, People, Processes, Physical evidence, 5.3 Design, Style and Quality issues; TQM, 5.4 Celebrity endorsement: brand management. – 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 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. Focus strategic efforts on one or two geographic regions (as opposed to competing in all regions). If you are unsure about what you exactly need, – 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. PESTELE, business life cycle, exchange rates, manufacturing locations 3.2 Industrial Sector Analysis. This will be followed by an overview of the industry and company, examination of the decisions made, results, reflection, and the underlying strategic principles. Business Strategy End of Game Report. Would know what to do and Donnie seemed fine with every suggestion I forth... Donnie seemed fine business strategy game reflection paper every suggestion I put forth or two geographic (! 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