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Business Simulation Reflection

On 10 November 2010 evening, Our Can group get an opportunity to have the materials business simulation game titles, the first time we were a little confused and not understand what the content and purpose or reason for the program.

Until then we get the chance to play a dynamic role play in the overall game by forming a firm inside our Group Can.

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I am an associate of cans group talk - 3, in this business game, we deal with the company called "CHAMP".

We find the name "CHAMP" for our company becouse we hopes that companies can be a leader or successful in this Business Simulation Game.

Growth of our company in this game very interesting and gave many valuable lessons. Our company was positioned second on the overall game in first year, after making changes in the developing and online marketing strategy; we became the first champion in the game in the next year.

In the 3rd time we make changes in the shipping, manufacturing also marketing strategy again to maintain its position as champ, but in the very fact that our position dropped to be #3 3. In the fourth season we wished to get back in to champions. We did totally change the strategy in every portions and mainly to increase product awareness, we contracted numerous famous designers paid a high price for advertising. But the results we slumped to the lowest ranking (sixth). This stunned us and made us perplexed to discover where our biggest errors in managing the business. Listen

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noun

camp

compound

Did not need to continue to decrease, in the fifth year we try to flash back again to learn the success experiences in the first and second yr, besides that people also study the business's strategy of opponents, then we create a new strategy and the results we could actually ride into fourth place. Inside the sixth calendar year we try to make small changes to strategy in several portions and the results we rose again to number three. In the seventh 12 months we do not make changes to our strategy and stay at ranking 3.

 

After doing business game above, there are numerous valuable lessons that we get. Those lessons were:

About Management Process (Planning, Organizing, Directing, Managing)

In managing a company as a supervisor or owner of a business we should have:

a. Planing ЇЖ Both long-term planning and short-term, this really helps us to determine the strategy or action we have to do in the near future or the planning for long-term corporate strategy.

b. Firm ЇЖ Complete, clear and clear among the supporters due to company's "people are property of any company", the positioning of individuals with appropriate knowledge and skills that will facilitate the acceleration of the procedure as well as the procedures of an company.

It also must be recognized by a specific Job Explanation and detail-enter the individual functions of the organization.

c. Directing ЇЖ Within the governance of your company also must be reinforced by guidelines or standard os's or procedures are clear and recognized by all collection employees. we often call with company polices, standard operating techniques etc.

d. Controlling ЇЖ Being a manager or owner in an organization we still have to apply controls on employee performance, corporate governance, corporate operating costs and market conditions that support the even and that people manage the business's growth regularly. We can also be done with verifying Monthly Report / Balance Sheet, hold on monthly conferences, etc.

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Dictionary - View complete dictionary

adjective

inside

deep

indoor

internal

interior

profound

inland

intrinsic

cavernous

thoughtful

three-dimensional

adverb

deeply

sound

preposition

in

within

on

to

inside

under

in the course of

prefix

endo-

2. About Management Function (Strategy, Marketing, Procedures, Finance,

Human Resources, etc. )

Strategy ЇЖ Corporate strategy should be established properly by considering several factors, including supporters of real human capital, financing, market show and also that there are rivals in the same kind of business with our company.

In the governance of the business might take a few strategies such for launching a new product needs some backup strategy, it's important whenever the original strategy does not show results maximum then we still have some substitute backup strategy, so it does not need a long time to consider any action appropriate in market penetration.

Marketing ЇЖ Regarding to my estimation, the success rate of a company also supported with the entire efficiency of the marketing is true both in the company employed in the services or products etc. Capable marketing, product grasp, around the prevailing market and marketing must knowing the strengths and weaknesses of challengers.

Listen

Operations ЇЖ Operational support from both system and service level aggrement element in a process of commercial governance is vital. It also must be recognized with the latest technology.

Listen

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Dictionary - View complete dictionary

verb

hold

conduct

make

organize

provide

establish

arrange

carry out

throw

take

set up

call

launch

institute

stage

put on

bring about

impose

carry on

incur

exercise

levy

open

put up

effect

float

lay on

negotiate

afford

touch off

operate

stage-manage

generate

phrase

bring into being

Finance ЇЖ A business can be said in good condition when to generate maximum profit. Like a supervisor or the owners of an company we ought to be able to control our capital versus functioning costs required, the higher the profit gained by creation costs that are not too big will show the healthy of a business. However, we also must consider the keeping funds and financial governance of your company, whether already in accordance with the budgeting or is not appropriate. In conditions of business enlargement or major factor that should we consider is the health of our corporate finance, whether supportive or not, when lack of support however the potential or opportunities that people have a big, one financial source of our business is on loan from the Bank with a source of come back and specific timeframe.

Human Resources ЇЖ In addition to the above factors one important thing to note is that inadequate human resources that are reliable and have the skills to suit the needs of the business. A competent head can determine the amount of labor requirements and can put the right people-enter the particular divisions in a organization.

 

3. About Working In Teams

To work as a reliable teamwork are some things we must consider include:

Get familiar with either all users of the team, it pays to to the department of responsibilities and towards fixing problems that arise.

We must be willing to hear viewpoints of all members of the team in making changes in strategy or action for operasinal company.

Explore more information and judgment that reliable and resonable with the truth or problem that we should handling as a good team work, eq. Surfing some data from internet or from any sourches.

Putting the right people on the job or responsibilities in accordance with the characteristics of we users are.

Based on the activities and lessons I got from the business enterprise game I've done, I plan to apply some advantages in my own workplace.

As the leader of my unit :

A leader should have strong authority and enough skills to control the organization and the company.

Planning, directing (also mentoring or choaching program) and managing periodicly to all or any of my sub ordinate.

Delegate some responsibilities to the deputy business with a set control function properly.

Sharing knowledge to all sub-ordinate, sub-branch administrator and discovering new knowledge, new technology and technique for the success of Bank Mega Cluster Balikpapan

Special Hire employee from another Bank or investment company (Manager or Marketing) to help me deal with the company and make the perspective 1000 of Loan provider Mega become reality (become the leader standard bank in Balikpapan - East Kalimantan Indonesia)

As an associate of my management team :

Being more creative, proactive and always have new ideas to helping the management team

More details in targeting work at home opportunities and increase market show.

Establishing a trusted team use 2-way communication works well and still value the viewpoints of other members of management team

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