Lead Paint Simulation

Decent Essays
Over the course of the simulation we learned a lot of lessons about running a business. We learned how to develop effective advertising, leaned how to adapt to changes in markets, and learned how to develop effective products along with lots of other things. This was all with the goal of becoming the most successful firm in the emerging microcomputer industry. Success wasn’t immediate but in the end we lead the Fox League in market share at 31% and were one of only two teams in the league to turn a profit over the 18 months we were in business. However, as we have leaned in Sustainable Business Practices this semester it is not just about the money, it is about taking care of your employees, the environment, and those around you. This is…show more content…
As we learned, this was a big mistake. Going into the final quarter we did invest in seven things on the conscious scorecard. However, this was to little to late. In the end we ended in a reputation disaster over lead paint. Looking back we should have started to invest in issues with lead paint when they first arose. This would have been a lot cheaper since we could have adapted our firm to the costs. The alternative was investing a large amount changes all at once, which would have been very costly on our bottom line. We decided to not invest at all in the lead paint issue. If we had, we probably would have seen our reputation increase, our employees more productive, increased employee morale, and showed that we are good neighbors which all would have ultimately lead to even more sales and…show more content…
One point of view says that we should invest in the environment because it will increase our reputation among other things resulting in increased sales. Another point of view is to not invest in sustainability and since consumers gravitate towards the best products and the best prices, which a team could develop, then sustainability is just an unneeded expense. As a team we feel that there should a balance of both investing in sustainable business practices and turning a profit. This strategy can be seen when we turned a $4,600,257 profit in quarter six while investing in seven conscious
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