Digby Simulation

Our team operated and managed the Littlefield Technologies facility over the span of 1268 simulated days. Our team finished the simulation in 3rd place, posting $2,234,639 in cash at the end of the game. We did intuitive analysis initially and came up the strategy at the beginning of the game. And then we applied the knowledge we learned in the class, did process analysis and modified our strategies according to the performance results dynamically. We have reinforced many of the concepts and lessons learned in class and had a better understanding of the operation of the Littlefield Technologies facility and how certain modifications would affect the throughput and lead time.

As we continue to move toward the end our quarterly objectives. I wanted to take the time to explain some of our costs. In our particular field of designing and manufacturing products, we are always engaging in ways that we can mitigate loss and improve our processes. Performing such changes will give a stronger presence in the market by allowing us to remain competitive.

Our initial strategy to split the strategic decisions per region created company instability in the first couple of BSG simulation years. We found that a single regional misalignment could cause a significant impact on the overall performance of the company. After the first couple years of decisions, the team decided to work together to analyze the previous year’s results and reach a consensus on the next year’s strategic goals and the decisions necessary to reach our competitive goals.

As the newly chosen CREO of K-Tai, Inc. there were multiple lessons that were realized through the simulation. During the length of the simulation there were decisions that could present a challenge for any CREO, regardless, if they were seasoned in the position or not. As in any position within a company, the goal is to advance your capabilities with each passing year. I feel that in most aspects, my work reflected financial advancement in the progression of the five years. My newness to the CREO position in the first year lead me to make a few less desired decisions that decreased my budget by two percent for the second year. After the second year my budget increased each of the remaining years. The sales increased by sixty-nine percent from year one through year five, starting year one at 9.188 billion and ending in year five at 13.148 billion. The net profit margin increased by 20.8 percent for the five year period. The share prices for the duration of the simulation increased each year. However, the largest increases happened from year two to

In the first few rounds of Andrews Capsim Simulation, our best resource in terms of highest market share was Adam- which was positioned in the high end segment. Adam had the highest price of any human group which we were competing against, and we also had the highest level of awareness of any company that had market share. Due to how high our level of awareness and price were for Adam, we attempted to focus our efforts on this segment. Our strategy was originally one of value, competing in the high end market, and it worked well for the first two rounds but our capacity increased unexpectedly in the second round and we were forced to take out emergency loans to cover our surplus of capacity. We then changed our strategy to focus more on price,

Strengthen employees’ skills so you can delegate more tasks to them and focus on more important managerial responsibilities—such as planning. Boost productivity by helping your employees work smarter. Develop a deep bench of talent who can step into your shoes as you advance in the company. Improve retention; employees are more loyal and motivated when their bosses take time to help them improve their skills. Make more effective use of company resources; coaching costs less than formal training (p. 1).

He insisted it would increase business since more workers would want to work for Ford Motor Company. This shows that it’s important to treat your employees to gain great business return or we can consider this as an investment. It decreased the turnover problem in Ford’s business because more skilled workers decided to stay at the plant due to better payment. This greatest payment plan also decreased time and cost to train new employees as many previously left the company for better pay or

Not only is there internet, many companies also have intranet, which are a private information network within the company. The mix of telecommunicating and intranet increase communication and information knowledge between members of an organization to also increase productivity. Automation is the automatically controlled operation of a process, system, or equipment by mechanical or electronic devices. The two major reasons for automation is speed and better service. In some capital equipment items, Canada takes six to twelve months to make, where Japan takes six to twelve weeks. (Schwind, 2010, p. 10) This is a major challenge that Canada must face. The service factor is continuous. A machine is programed to do the same exact operation over and over to ensure quality and effectiveness, where as a human might make an error on one or more areas of the operation. Another challenge with technology and automation is cost. Machines are expensive and not all companies can afford the high-tech equipment, and therefore must rely on manual labour.

By creating more training opportunities within the organization for employees, the hospital is offering the society more opportunities to be more educated and skilled, which employees can then use within their personal lives as well. Furthermore, by education the population, the hospital is giving their employees the opportunity to improve their living standards through higher wages and a better economy (Saks & Hacooun, 2015, p.11).

Evaluate how managing resources and controlling budget costs can improve the performance of a business. (D1)

    Over the course of the simulation, Gemini has achieved a fair degree of success implementing its strategy and achieving some of its mission objectives. For example, the company has consistently been in the top three performers of the industry, has been able to issue dividends to shareholders consistently, and has payed off all debt.

Firm A’s performance remained fairly consistent throughout the simulation. Periods 1-5 were more successful, and periods 6-9 less successful. Our relatively average performance may be

Which of the improvements in the new product development process that the Medtronic management team implemented strike or impress you as having been particularly crucial to turning the company around?

The classic economic breakdown of “goods and services” gives us a false dichotomy of how most businesses work since, to many companies, success involves a prime combination of both goods and services. Simply, they must offer quality goods combined with quality service to attract and retain customers. What is offered to consumers matters concurrently with how that product is offered, whether the product is, in economic terms, a good or a service. Training is one step that an organization can take to better equip their employees to provide the best service possible in order to flourish as a business. That said, managers must weigh the costs of training against the benefits. In many cases, training mangers do not have a good way to measure and analyze the benefits of their efforts (Mosier, 1992). This reality means that managers should pay special attention to whether or not their employees need training and then develop measures to determine if the costs of training are outweighed by the benefits of a more skilled workforce. In their textbook on human resource management, Gomez-Meija, Balkin, Cardy (2012) present a scenario where a business implements a training program and needs to measure the impact on the system on their finances. The following paragraphs examine the benefits of that training program and uses numerical measures to determine how the program impacts the bottom line this fictional company.

4) Optimum Utilization of Manpower: the cost of recruiting, selecting and training the staff is very high. The remuneration is also paid at high rates. The manpower should be utilized to the maximum capacity .It will help in controlling cost also.