International Business Strategy Course Assessment

My main role in the simulated organization was to check and look for areas of improvement and always making sure that all decision entry were made on time. In fact, I was the one who looked for the numbers in the 3 year strategic planning as well as the one who called for more “green initiative” in year 8, in order to boost our image rating. Overall, I believe each co-managers was willing to listen opinion and was ready to move from leader to follower depending on the situation. I learn the importance of team work, how to be a positive leader, and also how important it is to listen to others. Probably now that I learned about the simulation, I would probably take more risk in term of decision making. I think a more aggressive approach could have placed us in a better position in an earlier position which at the end would have given us more space to improve other

H Company finished the simulation in the second to last position. I believe that is a strong indicator that my competitive intelligence level was low for this simulation. H Company’s Earnings Per Share report increases for year 12 and 13 followed by decreases for years 14-18. My ability to predict the competition was below par. In fact, because I spent more money on the private label brand, I may have ended up putting myself in a worse position. My ability to predict my competitions next move was not good. Every year D Company was able to achieve more market share, while H Company gained less, and less.

Repeatability: In real life, its difficult repeat the exact circumstances again, so you only get one chance to collect the results and you can’t test different ideas under the exact same circumstances. So how do you know which idea is really the best. With simulation software, you can test the same system again and again with different inputs.

Many educational programs are now using simulation. One issue is how best to prepare instructors for this paradigm shift. Educators will need an extensive understanding of the tools available, the opportunity for their use, and the grade of their practicality. Additionally, educators need to know about the available resources that will develop a functional, meaningful, and practical simulation program.

The main lesson I learned about Human Resource Management from this simulation was that it is extremely hard to find people with a good work effort who are good at their jobs. I had to fire people while working on this simulation and most of the time is was a result of their performance getting out of hand. When looking at all of the other aspects of a company, checking the performance of employees seems like the last thing that you need to do.

In a study conducted by Aebersold and Tschannen (2013) conclude that simulation an efficient mechanism for improving competency in given area and the student can experience real

Concentrated, differentiated and mass strategies: due to the relatively high customers’ disposal income within both Malaysia and Thailand, the company should be using the mass marketing to target the maximum number of potential customers from these two countries and try to target the customers with the highest income level as

The second strategy I opt would be the Focus on Market Niche. A niche is a focused, targetable part of the business sector. This strategy is implemented

Most business simulations are used for business acumen training and development. Learning objectives include: strategic thinking, financial analysis, market analysis, operations, teamwork and leadership.

The issues inherent in the simulation are not textbook problems or questions in which answers are cut and dried and determined quickly.

MikesBikes-Advanced (MB-A) is an Online Business Simulation that will give you the opportunity to run your own company, managing all the key functional areas of a Firm. It is used as an interactive tool to enhance the integration and learning of the basic concepts of business in a real life context. You will get hands on experience at making critical price, marketing, operations, product development, and financial decisions. There are two variants of MB-A, the Single-Player and the Multi-Player. The main differences between the two are detailed below: Single-Player • Practice version of MB-A, no Internet connection required. • You are able to roll forward into the next decision period/year, or roll back as you wish in

In addition, in thе third part, thе author analyѕе how L’Orеal followѕ a nеw product dеvеlopmеnt ѕcrееning procеѕѕ. Thе ѕix ѕtagеѕ involvеd in N.P.D will bе talkеd about in thiѕ part, еѕpеcially thе Idеa Ѕcrееning procеѕѕ to ѕhow how L’Orеal’ѕ nеw productѕ can offеr a clеar bеnеfit and provе itѕеlf accеptablе in uѕе.

Trade has been a thing for a long time but countries that were devastated by war had to rebuild from scratch. As there were doing that America was continuing establishing as the major industrial power. The fact that the countries had to rebuild from scratch worked to their advantage. They were more up to date when the 1980’s came around they were on top of things. The factories in the in America were outdated and had to be rebuilt to match or exceed the factories in rival countries. This gave the other countries an advantage, they were able to get ahead of the game. About ten years later America had some major competitors to compete with. As time went on there were more and more people to compete with.

A Critical Area of Conflict in the Great Globalization Debate Revolves Around the Power of the Nation State.

innovation: Change is one of the important step for the company to increase the efficiency of the business processes to increase the sales profit margin scale. For example, the company need to implement the new system that allow the customers to make purchase more conveniently. This will allow the customers to gain satisfaction from their purchases and let the customers feel to return for purchasing.