In our Business Connections class, we used a simulation called “Biz Café”. This simulation activity took place in groups of three or four over the span of the semester. The simulation was a coffee house that the group made decisions on. Every week the group makes decisions regarding what should happen at the coffee house, i.e. hire/firing employees, wages, insurance, marketing, etc. Three days later the results of these decisions are posted and the group sees the results of the decisions they made…
My Biz Café Simulation Learning Experience Davenport University Abstract This paper will cover a reflection of my experience with the Biz Café simulation. After reading this paper, one should have an idea of what I learned from the simulation and how it works. I will be talking about the challenges my team and I dealt with and how we overcame these challenges. Most importantly, I will be talking about how we made Coffee Connection run as a successful coffee shop. In this paper, I will also…
------------------------------------------------- SIMULATION REPORT The objective of the project was to trade on a Market Simulation “STOCK TRACK”, from 2/13 to 4/20. We were supposed to try to trade different types of instruments in order to gain more knowledge about they are trade in the real world; and how a strategy which seems good can be overturned by the market circumstances. During this period as a conservative, I tried to trade less risky instruments. The qualities that I used to…
WORKING CAPITAL SIMULATION: MANAGING GROWTH CASE OVERVIEW Sunflower Nutraceuticals (SNC), is a privately held nutraceuticals – a wide distributor which provides all the vital dietary supplements such as herbs for women’s, vitamins, and minerals for all the consumers (mainly women’s), distributors and retailers. They are struggling to break even, with relatively flat annual sales growth and thin margins. SNC generates $ 10 million in revenues and holds a large selection of SKU’s…
Title of Report in Initial Capital Letters: Times New Roman (24 point, Boldface) and No more Than Three Lines Your Name Name of Your Department Southern Polytechnic State University Date Title of Report in Initial Capital Letters: Times New Roman (18 points, Boldface) and No More Than Three Lines Your Name Name of Your Department Southern Polytechnic State University Date Summary All reports should include a one- or two-paragraph summary. This summary…
INTRODUCTION This report is based on the business game we played on footwear industry. Whilst the task set for this group business game is strategic in nature and obviously requires the team, a variety of strategical knowledge. It is my experience that there are several other areas of expertise equally important. A large amount of time and effort throughout this game has been spent on team-working - organising the team, processing and collating the vast amount of information that it created,…
Our first task was to study the market research and decide our initial strategy. To decide our initial strategy, first we analyzed the different types of research data. There were five segments to choose from; Cost cutter, Work horse, Innovator, Mercedes and Traveler. We reviewed the customer needs for each segment and the information regarding how customers intend to use computers. After that we looked at the average price each segment was willing to pay for the ideal brand in different cities…
Introduction The Everest group simulation was an online simulation which encouraged five students to play a unique and vital role on a team of hikers. The main goal is to reach the summit of Mount Everest. The simulation stimulates practical application of concepts and theories managerial decisions, especially in the form of groups. The purpose of this report is to reflect on the experiences encountered in the team during the simulation and identify relation of our experience and management…
CASE STUDY E-Biz Executive summery The internet are being used by companies around the world supporting their services and product line, but also the as a business itself, generating income for the creator. Several ways of generating cash exist. A search for the phrase’ raise money on internet’ delivers 75000000 hits on Google (Google, 2011). Sale of goods as well as advertising and other ways is part of these money generators. Through all the positive up lifting possibilities of the internet…
INTRODUCTION (5 Points) VOIP2.biz started in 2005 after a detailed study of VoIP market and evaluation of current service providers in the market by Harley Services Corporation (HSC). VoIP2.biz considered as a Systems integrator that worked with business customers to help them move their voice communications from legacy technology to VoIP technology.VoIP2.biz was owned by several outside investors, Milkowski, and HSC. HSC retained 70 percent of the stock in VoIP2.biz. In June 2006 after completing…