"Marketplace simulation game reflection" Essays and Research Papers

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    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

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    Marketplace Stimulation March 29‚ 2011 Table of Contents Report to Executive Board of Corporate Headquarters 6 Financial and Market Performance for Second Year 7 Brief Business Plan 7 Brand Strategy 7 Pricing Strategy 8 Advertising Strategy 8 Sales Strategy 8 Business Strategy and Performance for Second Year 8 Overall Business Strategy 8 Departures from the Marketing Plan 8 Significant Events that Affected the Company 8 Current Situation in the Market 9 Competing in the Future 9 Lessons

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    This simulation game was developed by Sisk (1976). Basically‚ there are ten imaginary countries (Shima‚ Myna‚ Ila‚ Usa‚ Pam‚ Bonay‚ Shivey‚ Lani‚ Ranu and Bili) and each of these countries has three key elements to be considered: defense‚ resources and demography. The main purpose of this game‚ understanding the importance of negotiation and interdependence between countries. I would like to make some changes in the game for my class. Every student or group will choose their imaginary country.

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    SUPPLY CHAIN TASK 2 Cheri Jill Upshaw August 12‚ 2014 Task two is the second task that applies the results of the Marketplace Simulation. In my simulation I named the company Airborne. I used a very conservative approach in all four quarters. The company did not have to borrow any money or pay any carrying charges for inventory. I did however‚ lose sales in all quarters due to higher than expected sales and product demand. Loss of sales can cause ill will and can cause you to lose customers

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    Simulation Reflection

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    This paper is a reflection on three simulations as each relates to strategic planning. The first simulation‚ “Thinking Strategically‚” highlights the importance of environmental scanning. The second simulation‚ “Developing Grand Strategies‚” challenged decisions made for a company which lead to effective strategy formulation and choices. The third simulation‚ “Creating a Strategic Road Map‚” provided a simulated experience of how to build a strategic roadmap focusing on the importance and effectiveness

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    Walmart Group Supply Chain Game Conclusion This time‚ the game was more complicated. We need to plan and control production capacity‚ shipment method and further distribution to different areas. Our performance was not as good as last time. The distribution network of the company consists of a single factory and a single warehouse‚ both in Calopeia. We can build extra factories and warehouses in other places. Actually at first‚ our goal was increasing the manufacturing capability

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    Ethics Game Simulation

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    Ethics Game Simulation The ethics simulation game is a learning tool designed to teach individuals how to make decision between ethical challenges. While one might think making such decisions is an easy task‚ more dilemmas are present than imaginable. The first decision that had to be made was about a product already on the market that was contaminated yet only put a small percentage of users at a low risk. After narrowing the possibilities down to two solutions‚ the choice was made to warn

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    Ethics Game Simulation Margot Rivera HCS 478 Health Law and Ethics December 3‚ 2012 Barbara Scheibe Ethics Game Simulation The ethics game simulation involved two case scenarios. The first case dealt with a conflict of core ethics in how to care properly for a teenage pregnant female whose parents desire to limit medical interventions for a prolonged labor. The young patient is a teenager whose labor is progressing slowly and her parents have stated they want no assistance done for her. This

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    Competition and Strategy Business Game 15th April 2014 The aim of the Competition and Strategy course is to provide students with deep knowledge on strategic decision-making in a business environment and the strategic principles behind it. Within this course my team members Kristijan‚ Yaniv‚ George and me (Team KUGY) had the opportunity to apply our academic and theoretical understanding and knowledge in an online business simulation game‚ wherein we created our own car business and competed

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    Simulation Critical Self Reflection Essay: Peter’s Case File. Critical Self-reflection should be an integral part of any practice‚ not only Social Work. As it is important for one to reflection on one’s own self. The Client Peter Niko in the simulation‚ had visit our agency after a police officer suggested it would be within his best interest. My preconceived notions of the client and the reality was so different‚ that I had to reflect on my own bias and assumptions. Lishman (2002) Stated “We

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    MKTG6020 Reflection on Simulation (Individual 30%) 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. Some questions to help you structure and undertake this task are listed below‚ this is not an exhaustive list as they may be something in your experience that you feel is more important. You must provide rational for your decisions with reference to theory and explain what you

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    Simulation Reflection (10/04/17-10/05/17) Simulations have always been a stressful event for me. I never feel prepared enough and being observed behind double sided glass is unnerving. With that being said‚ the first day felt very choppy to me. I was assigned the charge nurse position and spent the better part of the time looking up patient information and planning ahead for what might be needed in future orders. I was a good mental exercise for preparing patient care plans and I did enjoy it. When

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    Over the past three weeks in the University of Phoenix Marketing Management class‚ I have completed three simulations based on real life marketing situations. The first simulation was titled‚ "Forecasting Market Demand." This simulation discussed the importance of determining the future demand for your product in the voice commanded software industry. The marketing team for the new Listensoft software needed to accurately forecast the production capacity of the new product and the pricing strategy

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    MGMT1001 Everest Simulation Report Managing People and Organisations Executive Summary: This report discusses the Everest simulation in relation to important management concepts. Particularly the report explores the role of leadership‚ communication and team work in task success‚ where success is defined in terms of task accomplishment‚ team member satisfaction and dispute resolution. Moreover‚ the requirement to eliminate communication barriers through changing mediums‚ cohesive and coherent

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    Throughout the (last) week‚ we were assigned a congressional simulation. When we started the project‚ I had no clue what was going to happen. I understood the steps and roles in government‚ but I wasn’t sure how it was all going to play out with teenagers. The first day‚ we were to write a letter to your Congressmen and Senators telling them what you want out of this piece of legislation. Such as specific wants‚ needs‚ or desires for the party. I was pretty basic on what I wanted‚ some chips and

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    Ethics Game & Reflective Journal This journal contains the reflection of the Ethics Game simulation assignment. The purpose of this paper is to describe the steps and process that I used to answer the ethical questions involved in two simulation games: The case of the troubled Teen and Policies and Politics. In addition I will also discuss how these concepts relate to my workplace. The case of the Troubled Teen: This case describes the case of an unmarried‚ 16 year old pregnant patient (RB) admitted

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    Strategic marketing simulation reflection I was so struggling with making strategies about how to increase the profit margin. It was challenging because it could not be solved by simply offering more discounts to increase the unit sales‚ or by increasing the motor’s price to receive high revenues. Besides those factors‚ the change of profit margin also involved the spending on features and the strength of sales force. Any one of them changed could lead to a significant difference in the change

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    Introduction We‚ as co-managers of Club z Inc.‚ used differentiation strategy which “seeks to provide products or services that offer benefits that are different from those of competitors and that are widely valued by buyers”(Johnson‚ Scholes and Whittington‚ p.229‚ 2008) in order to meet the shareholders/investor’s expectations which were: 1. Grow earnings per share(EPS) 7% annually through year 15 and 5% annually thereafter. 2. Maintain a ROE(Return On average Equity) investment of 15%

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    Ethics Game Simulation Krystal Beamon MGT/216 February 28‚ 2010 Erica Baker Ethics can be defined as the principles‚ norms‚ and standards of conduct governing an individual or group. Business ethics involves employees‚ managers‚ and other important members of the organization. In the ethics simulation one was responsible for making important decisions regarding the company G-BioSport. Before making these decisions one had to go through four different lenses and steps of the critical decision

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    | Mt. Everest Simulation Reflection Paper | Assignment 1 | | | | Individual reflection on the Mt. Everest Simulation exercise carried out on 5th October and the subsequent debriefing on 12th October | The Everest simulation was a unique experience. Before the actual simulation started‚ my team discussed the approach we would take and how we will deal with situations wherein the personal goals collided with the team goals. We shared our character profile information with each

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