Global Challenge Simulation Paper

Words: 1299

Pages: 6

Open Document

A strategy is a key component when being successful. It is choices a firm will make when achieving a position. In this global challenge simulation each team had to make choices to stay on top or even to stay relevant in the game. Each team strived for a winning strategy and with this simulation, lessons were learned in regard to crafting a winning strategy. The first lesson learned was that forecasting decisions is a major factor when creating a strategy. This simulation was based on forecasting, and it was important to learn how to properly do so to stay in range. Another lesson is realizing that this is not a perfect world. Team Ochre played in a perfect world for a couple rounds, and we were not realizing that our competitors were out to win and capture our market. Also, with …show more content…
Asia might respond to high promotion or Europe may respond to many features. Each region responds to different things, and a different strategy has to be created in order to create an all-around winning strategy. In the beginning, we had a hard time determining the market we wanted to capture. We did unrealistic percentage growth and once we had a meeting we realized that we couldn't capture 13% of the market. We had to decrease a lot to be realistic and that market share we wanted to capture, trickled down to each decision we had to make for each round. An example of this trickle down is that demand tricked down to production, unit price and then selling price. Another lesson is that we had to pay attention to is what tech was popular in each region. In our strategy we decided not to produce tech 3 because we didn't see a demand for it. Reading market conditions was important to get a feel for the demand of each tech and with that as a team we could make decisions on what to produce and sell in each region. Lastly, a major lesson we learned was to pay attention to finance decision

Curriculum Philosophy Paper

Curriculum Philosophy Paper Patrice Bax HRWD 6713: Curriculum Design Submitted: October 6, 2012 In mathematics, there is a rule called the order of operations which instructs a student to solve certain steps first, before calculating others steps to arrive at an accurate solution to a mathematical expression. Similarly, society teaches an order of operations to life in that students are to first, matriculate through secondary education to attain…

Words 1989 - Pages 8

Notes On Global Operations

As of December 5, 2013 OPIM‐560 Global Operations January‐February 2014 Section 1: MW 14:00‐15:20 Section 2: MW 15:30‐16:50 Section 3: MW 8:00‐9:20 Section 4: MW 9:30‐10:50 All classes meet in 340 Hariri Building Instructor Kasra Ferdows 541 Hariri Building Phone: (202) 687‐3814 Ferdowsk@Georgetown.edu Office hours by appointment You can find me in office most Mondays and Wednesdays between 11:15 and 12:15. Feel free to drop in even if you haven’t made an appointment…

Words 2827 - Pages 12

Quiz 2 Assignment Essay

Supply Chain Management Individual Assignment-2 The remaining sessions of SCM turned out to be very interesting and gave an overview of the remaining issues global supply chain management firms deal with regards to performance, integration, benchmarking, maintaining customer relationships and dealing with some of the contemporary issues related to supply chain management. The Session 5 was about building high performance supply chains and how big firms like Wal-Mart, manage their sourcing and distribution…

Words 1315 - Pages 6

Project Overview Essay

consists of team activities in Weeks Two, Three, and Four that support the development of a 4,200 to 4,900-word paper (12 to 14 pages) and associated presentation. The paper and PowerPoint® slides will describe an organizational technology plan for a business that the team selects for this assignment. Weekly assignments for sections of the paper and the presentation are listed below. Both the paper and presentation are due in Week Five. The organizational technology plan will explore and define plans for…

Words 1387 - Pages 6

Order ID 542414 Annotated Bibliography For The Operations Performance Essay

Otherwise, this project is targeted at providing annotated bibliographies hence showing connection between supply network designs with immense scholarly articles (Altiparmak, Gen, Lin & Karaoglan, Pg.521, 2009). Zhang, Y., & Gregory, M. (2011). Managing global network operations along the engineering value chain. International Journal of Operations & Production Management, 31(7), 736-764. This article was authorized by Yufeng Zhang and Mike Gregory in the year 2011. Both Zhang and Mike were aiming at expressing…

Words 1820 - Pages 8

Lessons Learned Essay

provide a performance rating of the team members. Lessons learned provide value to project/team members, as it allows for the way ahead for identifying potential risks, challenges, or even opportunities that the group may encounter when accomplishing the tasks at hand. DigiCam effectively participated in a virtual business simulation game focused on marketing, business strategy, and competing with several digital camera…

Words 2075 - Pages 9

Essay about Water and Habitable Planet Unit

|10, 11 | |5 |Water Resources and Water Pollution |7, 17 | |6 |Atmosphere and Global Warming |20 | |7 |Conventional Non-renewable Energy |12, 13 | |8…

Words 4001 - Pages 17

INCOM09 NGMS VE Essay example

Next Generation Manufacturing Systems, Next Generation Manufacturing Enterprises, Virtual Enterprise 1. INTRODUCTION “The virtual enterprise paradigm is gaining a growing importance in manufacturing as an instrument to help enterprises face the challenges of fast evolving market conditions” (Camarinha-Matos, 2002). Information and Communication Technologies (ICTs) have been the enabling factor in the reconstruction of traditional industrial paradigms towards the next level of integration in manufacturing…

Words 6947 - Pages 28

Samsung History Essay

direction by sharing samsund's values. 1 SBLP(business leader program)- developed next generation leaders. 1 SGEP (global expert): develop global competencies amongst samsung empployees. 1 NEO (new emp. Orientation) - helped adjust to Samsung culture. NEO: 1 Samsung spirit, values, history, philosophy ( Samsung people, culture, samsung way, real life business challenges through simulations) 1 Personal and professional basis connections ( third year employees as mentors to 10-15 new employees)- offered…

Words 846 - Pages 4

Application Of High Speed Dynamic Start-Stop Pipelines

datapaths, i.e. stages may have multiple inputs (“joins”) or multiple outputs (“forks”). This paper presents several new pipeline templates that extend existing high-speed approaches for linear dynamic logic pipelines, by providing efficient control structures that can accommodate forks and joins. In addition, constructs for conditional computation are also introduced. Timing analysis and SPICE simulations show that the performance overhead of these extensions is fairly low (5% to 20%). I. INTRODUCTION…

Words 3669 - Pages 15