Marketplace Simulation Game Analysis

The marketplace simulation game was an overall great experience in terms of understanding how

an organization works, what aspects should be considered while making decisions and how to

coordinate between various departments. It was an excellent platform for me to learn how

various functional departments in an organization work and how are they dependent on one

another. Working in a team and coping with various challenges collectively helped me

understand the importance of team work. I believe that the game has helped me to develop my

management and leadership skills. Working under time and budget constraints along with

pressure from competitors have helped to improve my time management skills and improved my

strategic thinking process.
It is also very important to choose various funding sources with minimum cost of

capital in order to be competitive in the long run. We should not only run after profitability but

also manager positive cash flows every time as profits will not help us pay our bills and wages in

the short run.

In the Manufacturing department, I learnt about various key concepts such as fixed operating

capacity and operating plant capacity. One of the key decision to make in the manufacturing

department is to select the plant location. Various factors such as shipping, manufacturing and

distribution costs must be considered before choosing a plant location as it can be a source of

competitive advantage later on. I also learnt about the total capacity of the firm. It includes both

fixed and operating plant capacity which is required to control the number of units produced in

the plant. We must be very careful when selecting the fixed and operating capacity of our firm as

it can result in over production or under production of goods. I learnt other concepts like

production scheduling, target and replenishment points which is very crucial in determining the

inventory level and handling them