CB4303 Course Outline 2014 15 SemB

Our team’s major goal when completing this simulation was to ensure we scored as many points as possible not only individually but collectively. The enticement to get every member to the summit was alluring; however as a team we decided it was better to stop and contemplate each stage in order to maximise points. As the simulation was a highly structured task this made the concept of an individual leading and managing the team ultimately redundant. Each group member contributed towards being team leader as the group worked cooperatively and cohesively throughout. This issue corresponds to the theory of leadership and in particular substitutes for leadership. A team working as one making informed

After having run through the simulation, what elements of that strategy would you have changed and/or what strategy do you intend to pursue in the group simulation?

I started simulation by testing all the possible outcomes from challenge 1 to 5 and used the best scenario from one simulation to the other step by step and drew the conclusion at the very end.

Assessment at the team level considers team communications, dynamics, and ability to reach consensus as meetings. For that matter, the amount of work completed and the cycle time for the entire process are evaluated as part of the assessment exercise. On the other hand, assessment at the individual team member level considers how the individual cooperates with other team members, communicates his or her ideas and opinions, and participates in team activities. In this case, the number of viable ideas that the individual presented is determined, accuracy considered, and turn-around time for completion of a unit of work factored. Thus, I learnt that team analysis can be conducted from the team or individual member perspective. The knowledge I acquired from this module will stand me in good stead with the six-week practice placement when I will be required to work within teams (Peacock 2006).

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

Discuss the strategic decisions that firms in this sector may be facing. What future strategies can firms pursue to try to secure their competitive advantage and long term survival?

My assessment of the performance of our team (ACC-Baldwin) in Phase One is that we performed decently in terms of strategy, but we have a lot of room for improvement in terms of implementation of strategy in the simulation exercise.

One group have 3 members , and in my business simulation we got 8 different companies. Each company has to run the camera business every week , one week in real life is represent 1 year in the simulation for a consecutive 10 weeks. The ultimate goal for all the companies

The simulation is useful because it evaluates project performance using real criteria, such as the scope, schedule and

For this specific simulation, students will be split up into five different groups: China, United States, Iran, Russia and United Kingdom. They will be given two days to research and come up with a game plan that they must implement at the United Nations Summit. On the first day of the research they will be given the overarching topic of the Summit, which in this case will be Clean Energy and they will spend the following time, before the simulation,

This assignment evaluates the performance of team Baldwin around the success in managing the company over five rounds of the simulation. The assessment will be focused on the round analysis areas with key attention on inventory, profit and contribution margin, emergency loans, and stock price. In addition, the assignment reflects on the areas of improvement and how the team could have developed effectiveness in addressing these key areas in round analysis.

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 fourth step into the creation of executable strategies relies in the alignment of resources, purposes, and strategical thinking contemplations into reality. The rationale of this step is to create

* Strategy exists in the mind of the leader in the form of a vision of the organization’s future.

The Marketplace simulation incorporates these challenges by providing student with real-world business problems and roles. Team members are challenged to make decisions and used critical thinking in order to solve this problems virtually. While The Marketplace gives the team the tolls necessary to have effective communication, ultimately each team members contributes to the overall success of the team, just like in a real business situation.