Ibioz Simulation

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iBizSim: International Business Simulations

iBizSim01: BM 2 P1

User Manual

© 2005-2009 by Prof. Dr. Ashok N. Ullal, Hoelderlinstrasse 13, 72127 Kusterdingen, Germany

iBizSim: International Business Simulations

iBizSim01: BM 2 P1

Note: This document has been formatted for double-sided printing.

© 2005-2009 by Prof. Dr. Ashok N. Ullal, Hoelderlinstrasse 13, 72127 Kusterdingen, Germany

iBizSim: International Business Simulations
1 The International Business Simulation iBizSim01
1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17

iBizSim01: BM 2 P1

1
1 1 5 5 9 9 10 12 12 13 14 14 15 16 17 18 20

Structure and progression of the International Business Simulation iBizSim01 Tasks and organization of the team Company policy Analysis and evaluation of data - setting up the indices The products The markets The development of demand Conditions of payment Image Production Personnel capacity Machine capacity Timetable for purchase, production and sale of products Costs Financing Exchanging currencies Summary of the effect of influencing factors

2

Decisions
2.1 2.2 2.3 2.4 2.5 Company decisions Sales decisions Purchasing decisions Production decisions Financial decisions

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22 23 27 28 31

3

Annexes
3.1 3.2 3.3 Capacity calculation for period 0 Calculation of manufacturing costs in period 0 Determining the change in stock value in period 0

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34 35 36

© 2005-2009 by Prof. Dr. Ashok N. Ullal, Hoelderlinstrasse 13, 72127 Kusterdingen, Germany

iBizSim: International Business Simulations

iBizSim01: BM 2 P1

© 2005-2009 by Prof. Dr. Ashok N. Ullal, Hoelderlinstrasse 13, 72127 Kusterdingen, Germany

iBizSim: International Business Simulations PREFACE

Page I

This course is based on the International Business Simulation iBizSim01 of the series iBizSim: International Business Simulations developed by Prof. Dr. Ashok N. Ullal, Professor emeritus, School of International Business, Reutlingen University, Germany. The course is designed to give groups of students working as teams the opportunity to build and implement an international business strategy for a simulated company operating in the world markets. The simulated company is located in Germany, has a production plant initially in Germany, manufactures initially two consumer products and sells these in four markets, Germany, U.S.A., China and India. The course emphasizes strategic planning and controlling and expects the students to use in a very integrated manner their knowledge and experience from all the other business-related courses. In the International Business Simulation iBizSim01 used in this course, the simulated company that you will manage: Purchases Produces Transports Sells raw materials and bought-in goods - invoices are drawn up in Euro goods in the Germany - all costs arising are in Euro the finished goods to the central store and to the sales branches in the various sales markets the products Alesa and Bordo in four markets in which the invoices are drawn up in various currencies

Currencies used Market Currency Germany Euro (EUR) U.S.A. U.S. Dollar (USD) China Chinese Yuan (CNY) India Indian Rupee (INR)

The balance sheet, the profit and loss account, and the financial account will all be drawn up in Euro.

© 2005-2009 by Prof. Dr. Ashok N. Ullal, Hoelderlinstrasse 13, 72127 Kusterdingen, Germany

iBizSim: International Business Simulations
1 The International Business Simulation iBizSim01

Page 1

1.1 Structure and progression of the International Business Simulation iBizSim01 Several companies in a particular branch of industry are in competition with each other. They supply the products Alesa and Bordo in different markets that are independent of each other. Each company manufactures the products it supplies, but there exists the possibility of buying in these goods. The products are generalized consumer goods. Hence the simulation is based on the...
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