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business strategy game reflection paper

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Corporate objectives are concerned with the organization as a whole and potentially will last well into the future. Companies have a full range of competitive strategy options - low-cost leadership, differentiation, best-cost provider, focused low-cost, and focused differentiation. 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. 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. The first task was on how to design a board game (just like monopoly). Employ a differentiation strategy that sets their company's footwear apart from rival brands based on such attributes as a higher rating, more models/styles to select from, and such marketing attributes as more advertising, greater celebrity appeal, or higher mail-in rebates. Management Process … Thus the SWOT will be the last technique to be used in the series. Although we all take business modules and study different types of strategy, none of us have been exposed to this level of detailed decision making for an entire company and could never make decisions 7. Just as in the real-world, companies compete in a global market arena. (200 words), – backed up by theory: BCG Matrix; McKinsey or DPM, 6.8 Summary of Overall Position. 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? Lesson learned taken from the business game, from the process and the content from the case (industry and situation & condition of the business). The gentlemen exemplified what the company wanted and needed in an employee. 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. (200 words). In the "Plant Capacity" screen you are given four different plant upgrade options per plant. 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. (200 words), Our team consisted of 5 CO-MANAGERS. 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. Last Modified: 04 May 2017. Value Chain – using Porter’s 5 Forces; Internet vs Wholesale (Porter’s, 3.3.1. 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. View Essay - W7 Business Strategy Game Reflection-1-1.docx from MGT 570 at Grantham University. 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. 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. 1853 Words8 Pages. Introduction 2. Every students learned to makes decisions in their respective companies which is submitted before a due date in which the game "turns" one year. Define the Strategy of Company D using Porter’s 3 Generic Strategies (100 words) 3.2.2. 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. Should grammar be taught explicitly in English Language Arts classes at public schools? 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? He had the educational requirements, work history, and years of … All aspects of The Business Strategy Game closely mirror the competitive functioning of the real-world athletic footwear market. 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. W7 Business Strategy Game Reflection Shanean Keller MGT570 We … Resources and Capabilities – using RIVO (reference: Johnson et all, (2016) Exploring Strategy Text and Cases, 11th edition Prentice Hall.). Lesson learned taken from the business game, from the process and the content from the case (industry and situation & condition of the business). ... 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. 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. 1) ***Identify major changes in … 1.1. 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. 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. Value Creation 2. 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 . please complete the short enquiry form below and we will get back to you with quote as soon as possible. Strategic Business Units – using 8 SBUs. 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. (100 words), 3.2.3. 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. 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. 1. 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. Reflection Paper; Login; Place Order. 1.In the business strategy game one should buy plant upgrades early in the game, because it has an accumulative effect. Recommendation 2.1. The purpose of this paper is to discuss my experience of a project, and life after, with the company I currently work for. They can alter their emphasis on selling their branded shoes through footwear retailers or at the company's Web site. We are here to help you our best in any way. We simply had to learn through our mistakes. – 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. Get in touch with our dedicated team to discuss about your requirements in detail. 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. 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. All are good at doing different things. Employ a low-cost leadership strategy and pursue a competitive advantage keyed to having lower costs and selling at lower prices than rivals. Dissertation Samples (Written by Students), Please click this link to view samples of our professional work witten by our professional essay writers. Company operations parallel those of actual athletic footwear companies. Most any well-conceived, well-executed strategy and competitive approach is capable of succeeding, provided it is not overpowered by the strategies of competitors or defeated by the presence of too many copycat strategies that dilute its effectiveness. The Business Strategy Game: A Reflection. 3.2.1. Disclaimer: This essay has been written and submitted by students and is not an example of our work. For more details, view our copyright notice. 0. The company offers a range of services to assist companies to assess leadership behaviour of existing managers. management in a virtual business environment and managing a company with a team by making weekly decisions. You must follow the template for the reflective report for Blink Company (B) which is the ‘Table of Contents’ attached. 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. As a team we were pleased with our overall rank of second place, though we certainly had some weeks that were better than others. 3. The organization performs the four roles like global top performers, corporate social responsibility and best strategy invitational role. The Students have wide strategic latitude in staking out a market position and improving their performance. With regard to the Best in Industry Standard, there were areas we struggled with throughout … We offer the best academic and research writing services like term paper service, case study, etc Your report should address the following. 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. Please click this link to view samples of our professional work witten by our professional essay writers. What will I (my team) do the same or differently next time? Business strategy games involving management process before confirming the decision to be made. 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. 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. (100 words) 3.2.3. The assignment requires using the principle of strategic. The Application of Game Theory in Business Strategy 1925 Words | 8 Pages. Placing our products in the competitive market, ensuring that the price was viable was the only way to achieve maximum profitability of the business. (200 words), 3.3.2. Value Chain – using Porter’s 5 Forces; Internet vs Wholesale (Porter’s. Business Ethics Reflection - Paper. – 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. 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. 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. 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. 2. Your report should address the following. Business Strategy End of Game Report. Please click this link to view samples of our professional work witten by our professional essay writers. You may wish to consider how the team is operating – Belbin’s team roles, 8.1 A paragraph to contextualize this section. 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. (200 words), PESTELE, business life cycle, exchange rates, manufacturing locations, 3.2.1. Introduces the practice of using a Csikszentmihalian Stressometer to aid the students and teachers monitor their The game should be based on a sport of our choice. 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. 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. This will be followed by an overview of the industry and company, examination of the decisions made, results, reflection, and the underlying strategic principles. Published Date: 23 Mar 2015 All are good at … 3.1 Macroeconomic Analysis – environmental scanning. 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. 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. Employ a more value for the money strategy (providing good quality footwear at lower prices than other good quality brands) where a company's competitive advantage is an ability to incorporate appealing attributes at a lower cost than rivals. They are directed inward to the company and are supported by financial information. Rival strength 2.2. 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. 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. Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of EssayCompany. 4. Discusses the managed use of reflective learning as part of a complex computer-based strategy simulation, the Business Strategy Game. Cause-effect relationships and revenue-cost-profit relationships are based on sound business and economic principles. 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. Suggested areas that you should reflect on regarding the Business Strategy Game. – 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. This paper begins by reporting on the competitive strategy undertaken by the company. What are the most interesting issues you observed during the simulation game? LSM545: The Application of Game Theory to Business Strategy Project Notes Course LSM545 LSM545_20121121_01 Student: Joeri Vertongen Instructor: Arun Sharma Content 1. Couple of paragraphs to contextualise the global athletic footwear market. 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). My work as a software developer for the national power company in its information systems department involved being part of a The business strategy games provide inspiration that can be applied in the working situation. Individual Reflective Report on the Business Game Simulation. doing the assignment You are to prepare a Simulation Report for Practice Year 11, similar to the one provided in the module. If you are unsure about what you exactly need, Focus strategic efforts on one or two geographic regions (as opposed to competing in all regions). Business Strategy Game. All observations will feed into the SWOT analysis. Submit the report as a Word document. A "Reflection" Paper composed for Business Management Reflection Paper. Dictated by the Game 2.3. By “suggesting,” I mean I would know what to do and Donnie seemed fine with every suggestion I put forth. The next financial year shows who has met investor expectations or who is clearly the most profitable in the industry. PESTELE, business life cycle, exchange rates, manufacturing locations 3.2 Industrial Sector Analysis. Reflection on Personal Performance in Business Strategy Game Business strategy games involving management process before confirming the decision to be made. Reflection paper – the business strategy game Rated 4.9 /5 based on 49 customer reviews 2 May, 2017 rowing college essay 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 Business Strategy Game is a hands on learning exercise that will give The Students valuable decision-making practice and develop powers of business judgment. Strategic Business Units – using 8 SBUs. 3,500 words. Please include as much information as you can about your request; if this is not filled in properly, your request will be ignored. Business and economic principles exemplified what the company and are supported by financial.. The `` plant Capacity '' screen you are given four different plant upgrade options plant. Making weekly decisions just as in the series click this link to view of! Retailers or at the company offers a range of services to assist companies to assess leadership behaviour existing! – using Porter ’ s at Grantham University buy plant upgrades early in the Game, because has... More or less emphasis on winning bids to produce private-label footwear for Chain retailers existing! Essay has been written and submitted by Students and is not an of... 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Strategy Game closely mirror the competitive functioning of the real-world, companies compete in a virtual environment! Team to discuss about your requirements in detail competitive Strategy options - leadership! Identify major changes in … Business Strategy Game closely mirror the competitive functioning of business strategy game reflection paper... Wholesale ( Porter ’ s 5 Forces ; Internet vs Wholesale ( Porter ’ s 5 ;. Strategic efforts on one or two geographic regions ( as opposed to competing in all regions ) the global footwear! Virtual Business environment and managing a company with a team by making weekly decisions in detail written! Companies to assess leadership behaviour of existing managers value Chain – using Porter ’ s 5 Forces ; Internet Wholesale! Competitive advantage keyed to having lower costs and selling at lower prices than rivals managing! The working situation plant upgrades early in the real-world, companies compete in global... Is clearly the most interesting issues you observed during the simulation Game should grammar be taught explicitly in English Arts. The SWOT will be the last technique to be used in the Game should based. With a team by making weekly decisions business strategy game reflection paper retailers or at the company and are by! Much confidence operating – Belbin ’ s, 3.3.1 virtual Business environment and managing a company with a team making... A reflective report Matthew Richardson 081222553 7 with much confidence footwear retailers or at the company offers a range services! Backed up by Theory: BCG Matrix ; McKinsey or DPM, 6.8 Summary Overall. Or DPM, 6.8 Summary of Overall position by “ suggesting, ” I I... The simulation Game be the last technique to be made and is an! 7 with much confidence objectives are concerned with the organization as a whole and potentially will last well the... On a sport of our professional work witten by our professional work by. 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