My degree in Mathematics and Statistics has helped give me an idea of how data is important and vital to businesses. During my course I have completed modules such as operational research, business simulation and data and information retrieval. These modules have given a great understanding of the importance of data within business and has inspired me to pursue a postgraduate degree in Business Intelligence. One programming language that I have studied is SQL. It was interesting to learn about SQL and how it works. I learnt how to retrieve data from a database and how to perform other tasks such as updating data and selecting the data I wanted. This helped me to understand a lot about SQL and how databases worked. The modules I have completed have giving me an insight into data analytics and have made me want to work in this field.
The Business simulation module helped me appreciate the value that data can give us. In this module I did an assignment which required me to build a simulation model. I was given information about a clinic which had a queuing problem. I had to build a simulation model which replicated the clinic and then, using the data given in the brief, had to add timings to the queues at reception and the different waiting rooms in the clinic. I used the Simul8 software to build this model. I had to then run the model and identify the bottleneck in the system. Once the bottleneck was identified, I had to build an alternative model and then run
This simulation experience allowed me to practice my focused assessment skills, delegation of tasks, prioritization on of tasks, interdisciplinary communication skills, and skills that I have not been able to participate in such as blood administration. I learned that my strengths are patient education, delegation, noticing changes in patient condition, and working as a member of a team. I need to improve my speed of completing tasks, my confidence, and my process of working through new skills.
A challenge that we faced with our coffee shop was making the staffing decisions. We struggled with trying to figure out a sufficient number of managers and servers to hire and an appropriate pay for them. Around the beginning of the simulation, we had a nice amount of servers which resulted in us receiving an award for best staff. After we extended hours, things seemed to go downhill with our staff. As a result, this had an effect on the overall service of the workers. They were not as happy or productive as we had hoped. Our managers were becoming stressed out and our servers were being overworked and even a couple of our servers quit.
A database is the outcome of contribution and accumulation of knowledge. And the utilization of database also requires the collaboration of works and knowledge of analytic skills and business management. From data to valuable information, it is a process of the exchange of ideas, a journey of seeking the meaning in relationships, and a mixture of wisdom, which is fulfilled by a group of business analysis professionals. The strong desire of being a business analytics brings me to the front door of Rady School of
I believe that this simulation was a great tool in helping us as MBA candidates to see just how companies succeed and/or fail to achieve their growth targets in revenue and profitability. However, an organization heightens the probability of achieving profitable growth whenever it has a clear expansion strategy and a strong execution infrastructure. One without the other impairs the probability of success. I conclude that there are two main reasons for such: 1) inadequate consideration of opportunities within the core business, adjacent to the core business or within new customer sub-segments; 2) an organizational infrastructure that cannot support successful execution.
SIMULATION DESCRIPTION: As the manager of TriState Dairies market research department, you need to determine what to do with the Dairies' surplus milk.
Simulation based learning develops skills, knowledge, and attitudes in staff that otherwise cannot be experienced. The staff are put in the client’s position and give them a better understanding of daily struggles. Also puts the focus on the client instead of task completion. 14
Recently, Tricia-Mart opened new branches to its existing ones. The management are keen on improving efficiency and services of the company. There are many ways in which this improvement can be done using simulation software: higher quality and efficiency from capital assets, better management of inventory, higher return on asset, this list is endless. But some of these improvements could be made without simulation, so the real question is ‘Why use simulation instead of another method such as real life experimentation?’
Data exists everywhere around us. From your heart beats per minute, the current room temperature, or the number of tweets being posted about Miley Cyrus, nearly everything can be considered a data point. It is now being collected at an alarming rate and there are now opportunities to use that data in ways that were previously unimaginable. As technology advances data will only continue to grow, regardless of field of study, occupation or geography. As a user and firm believer of Data Science, I am excited by the possibilities of using that data and the trajectory of the field as a whole. After discovering the power of data I have developed a passion and appreciation for it, and realize that there is a lot left for me learn. Pursuing a graduate degree in Data Science is the stepping stone I need to take my career to the next level and compete with the best in the exciting, rapidly evolving and growing field.
My answers were not decisive which reflect my weak critical thinking skill. For example, when it comes to medication administration, in instances where things are not clear, it should always be referred to the doctor which in this case I belatedly remembered. Nurses should also make sure that they knew how to use all the equipment that is used in the nursing care. In a medical emergency situation, every second counts. In the simulation, epinephrine administration was delayed since the nurse did not know how to use the automatic injection. Over-all the simulation had a significant impact to my learning process.
The simulation is useful because it evaluates project performance using real criteria, such as the scope, schedule and
The advertising strategy was also to be an immediate market follower. J.D.B.T.’s advertisements were modified by comparing them to the top rated brands’ advertisements. This worked well until R&D came into effect. Other companies were able to advertise titles such as Highest Performance Processor, and Technical Leader Most R&D. We had a decline in our advertising because we did not strategize in the beginning to invest in the R&D as fully as other companies.
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. This task is especially difficult because human behavior is difficult to predict. Forecasting behavior " is about generating numbers out of expectations, opinions, statements, prior patterns and a host of other subjective elements" (Forecasting
Simulations are problem-based units of learning that are set in motion by a particular task, issue, policy, crisis, or problem. The problems to be addressed by the participant may be either implicit or explicit, depending on the nature of the simulation.
The customer simulation exercise of Minnesota Micromotors Inc, was a very intriguing one. It exposed me to a variety of moving pieces that enable a successful business performance across different objectives and parameters.
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.