Preview

Business Strategy Game Analysis

Good Essays
Open Document
Open Document
930 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Strategy Game Analysis
The Business Strategy Game was something new to me. I have never used a similar product and was surprised by the amount of information that was necessary to fully function in the game. Having four co-managers was challenging at times, but at other times made the decision processes easier. Reflecting on the different pieces of this games will show what I learned, what strategies were successful and why, my discovery on working with other members, how my team organized meetings and the workload, response to agreements and disagreements in strategy, and lessons I can take with me to my professional role. The key things I learned in during the simulation were that there is not one single answer, there is not one fool proof strategy, and flexibility …show more content…
If there was a strong argument either way on how to handle the game, typically the majority ruled. When we broke away from using green materials, there was a strong argument from one member, so we all agreed to go in that direction. Another time when we decided to move away from our original strategy of having the best product at the lowest cost, some teammates did their homework on how to get better scores and made their argument for us to choose. Once all arguments were made and the numbers were projected, we chose what looked like the best option for our …show more content…
When it came to making our team shine, we had to make decision together and live with them. Even if it meant making a choice that someone was not on board with one hundred percent. I had to make sure my schedule and life stayed flexible to meet the needs of all my co-managers. During some points in the game, it was best to take the advice from some of my co-managers rather than running with my own ideas and thoughts. At other points, especially the three year strategic plan, it was best for me to step up as the leader and give writing pointers to my co-managers. These lessons can be applied to my role in the military by learning how to handle both my subordinates and my leaders. Working well

You May Also Find These Documents Helpful

  • Good Essays

    Business Strategy

    • 3166 Words
    • 13 Pages

    finding effective and efficient ways to strengthen the company’s competitive assets and to reduce its competitive liabilities.…

    • 3166 Words
    • 13 Pages
    Good Essays
  • Powerful Essays

    Business Strategy Game

    • 3058 Words
    • 13 Pages

    The aim of this report is to learn how to apply managing strategies through the simulation game. Before start the game, a group of four members are formed to agree to use Porter’s Five Forces to analysis and to build up strategic position to win the game.…

    • 3058 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Like all military officers, I was trained and groomed to be a leader from the time I raised my right hand and took the oath of office. The most important contribution to my success was the emphasis I placed on putting junior member’s needs before mine. I have a code that I live by and it has been very effective as a leader, “Take care of your people, and they will take care of…

    • 952 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The Business Strategy Game

    • 3052 Words
    • 13 Pages

    The industry setting is modeled to closely approximate the real-world character of the globally competitive athletic footwear industry.…

    • 3052 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    This was the first decision within this game , we tried to maintain the expected values of the investors and we succeeded in achieving good values within the performance objectives , advertisement and Rebate offer were considered as competitive strength for the 3 Market segments ( wholesale , private label and internet sales ) and the S/Q rating is considered to be competitive weakness within the 3 market segments , so we have to concentrate more in improving the S/Q rating in the coming year decisions .…

    • 291 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Simulation

    • 1191 Words
    • 5 Pages

    It incorporates lessons learned in accounting, finance, economics, marketing, and management. It really was the first time that I saw these fields tied together. Now that I have graduated from college and entered the “real” world, I realize how many important lessons I learned from competing in the simulation. One lesson is foremost in my mind - working with others. Even though we got along well, we eventually annoyed each other with our personal habits. We found ways to get through our problems and disagreements and it paid off in the end. There were other lessons from the simulation that I find extremely useful in my career. I know that I can work under extremely tight deadlines. Another invaluable tool is public speaking. We had to present the results of our decisions and pitch our plans for the future to a panel of professionals. Business writing is an unspoken requirement in my job. I make purchases from vendors on behalf of the US Navy. Frequently, I have to justify, in writing, why I chose a certain vendor. These justifications have to be to the point. I certainly learned how to do this by helping to write a business plan and an annual report. The policy…

    • 1191 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    The important part of the simulation assignment is what you have learned from it. As such you will be required to reflect on the decisions you made and the outcomes.…

    • 2065 Words
    • 9 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Strategy Game

    • 11663 Words
    • 47 Pages

    Adidaz is a shoe company that manufactures branded and private-label footwear for sale in 4 regions worldwide. We have been in this industry for eight years from year 11 to year 18 and now year 19. In the eight year of our operations we as a company have grown in the market and declined. Year 14 was a tough year for our company which set us back on our growth potential, but in years 15 to 18 we as a company were able to implement strategies which have positively impacted our company’s overall performance. As a result of these strategies our company is back into the industry to compete with other major companies.…

    • 11663 Words
    • 47 Pages
    Powerful Essays
  • Satisfactory Essays

    Business Strategy

    • 510 Words
    • 3 Pages

    1. Has Father Daniel Mary established a future direction for the Carmelite Monks of Wyoming? What is his vision for the monastery? What is his vision for Mystic Monk Coffee? What is the mission of the Carmelite Monks of Wyoming? 2. Does it appear that Father Daniel Mary has set definite objectives and performance targets for achieving his vision? 3. What is Father Prior’s strategy for achieving his vision? What competitive advantage might Mystic Monk Coffee’s strategy produce? 4. Is Mystic Monk Coffee’s strategy a money-maker? What is MMC’s business model? What is your assessment of Mystic Monk Coffee’s customer value proposition? its profit formula? 5. Does the strategy qualify as a winning strategy? Why or why not? 6. What recommendations would you make to Father Daniel Mary in terms of crafting and executing strategy for the monastery’s coffee operations? Are changed needed in its long-term direction? its objectives? its strategy? its approach to strategy execution? Explain.…

    • 510 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Game Final Report

    • 4044 Words
    • 17 Pages

    Advanced Marketing course taught by Prof. Patrick Tran and Prof. Phan Trieu Anh provided us with the opportunity to participate in Markstrat Simulations. In this semester, we as Team U and other 5 teams were asked to practice our marketing strategy and management skills in the Markstrat world. During the simulation we had 9 different periods in which we asked each of these to take different types of decisions regarding Marketing mix, sales force, Research and Development, Brand Portfolio and Market research studies.…

    • 4044 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    Extreme Kicks is a leading manufacturer in the branded footwear market worldwide. We currently have manufacturing plants operating in North America and Asia-Pacific. The North American plant currently services all market and does not make any private-label shoes. The Asia-Pacific plant services North America, Asia-Pacific and Europe- Africa. Extreme Kicks takes great pride in producing shoes, which are quality shoes at a fair price. Our Senior Project managers ensure that the quality, quantities, and style are made available every single year. We also have a marketing staff that will ensure that distribution and marketing is set to maximize profits, and that they will manage the image of the company through celebrity endorsements, and retail support.…

    • 6894 Words
    • 28 Pages
    Good Essays
  • Good Essays

    Game Theory Application

    • 528 Words
    • 3 Pages

    Introduction: The purpose of this economic analysis is to address Prisoners’ Dilemma, a classic game theory example, as a frequently existing phenomenon due to the fact that many examples in human interaction have the same payoff matrix as it has. Through the article entitled “NKorea accuses US, SKorea of cyberattacks” published last March 16, 2013 by the Philippine Star, we will examine the applicability of prisoners’ dilemma which is of the interest to the people in the fields of economics, politics and sociology as well as to the people of biological sciences. Assumptions: United States and South Korea are both suspects in a cyberattack. Their representatives are arrested and brought to the North Korea police station. They are interrogated separately about the crime they committed, but not enough evidence exists to convict them outright. They both have the option of confessing to the crime or keeping silent, and they both know that the other representative has this option as well. To determine motives, we will assign a range of preferences to the different outcomes, with 0 representing the worst outcome (pay 50 billion dollars) and 4 the best (pay 1 thousand dollars).     50 billion dollars 100 million dollars 20 million dollars 1 thousand dollars : 0 (one does not confess; other confesses) : 1 (both confess) : 2 (one confesses; other does not confess) : 4 (both do not confess)…

    • 528 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Strategy Formulation

    • 3889 Words
    • 16 Pages

    Strategy evaluation should have a long-run focus and avoid a short-run focus, given that strategies are long term in nature.…

    • 3889 Words
    • 16 Pages
    Satisfactory Essays
  • Powerful Essays

    Everest reflection paper

    • 1434 Words
    • 4 Pages

    The main thing I learned through this simulation is that communication, collaboration, and teamwork is very important in being successful. For example, from the start, our team members communicated what each of their personal goals were and how many points that we got from accomplishing each of them. We collaborated on what our next move would be when it came to figuring out whether or not we would stay at the same camp or advance. Teamwork was key because if we weren’t together and just tried to work on our own agendas, then we would have never made it to the top successfully. When a new challenge came, we tackled it as a team and not individually. We were much stronger working together rather than working against each other. In the end, working together really paid off for us.…

    • 1434 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Strategy Evaluation

    • 1674 Words
    • 6 Pages

    Suppose your company has just acquired a firm that produces battery-operated lawn mowers, and strategists want to implement a market-penetration strategy. How would you segment the market for this product? Justify your answer.…

    • 1674 Words
    • 6 Pages
    Powerful Essays