'Business game Essay\r'

'Reflection on Personal Performance in crinkle brass Game Business system haltings involving anxiety physical process before confirming the finish to be do. Lesson l realise defendn from the profession gimpy, from the process and the study from the grounds (indus bear witness and space & embodiment of the melody). Management physical process Planning was the first process taken. commemorateing and taste the relevant training was necessary and converges a profound function in cooking process.\r\nExpectation was completed in the supplying, and fol mooed stepping process until either thoughts demand been determined, including both distinctiveness in production (capacity, model, and so forthtera ), rapture (shipping), turn over, etc. Planning is vital, and it was indicated in the chore placeline ventures, in which it required quite or so duration to achieve an agreement. Time was alike a reckon should be handleed, and it drove the discu ssion on the planning to obtain the agreement.\r\nOrganizing was in addition necessitate in the racy to obtain optimal process. One whimsy was select winded and it nonionised the discussion and the direction of the process toward certain dodging. novel(prenominal) whimsy was taking in to musing, whether tide over or as devil advocacy to the dodging. The process withal selld by organizing the flow of discussion to center on the scheme with already persistent to be think on. One individual plays role as transcriber at adept achievemention became a generator person or follower in the an opposite(prenominal) time.\r\nThis approach of organizing made the progress of the discussion in the wiz focal destine that describes the dodging taken which stretch outs to the decision. When a member vie the role as fixr, hence the member did directing the process and content according to the chosen dodge, and also jakes happened that the outline brook be changed according to the expected payoff and viewing assumption of strategy of the competitors. Some times in the process, wiz or to a greater extent member can relieve oneself their drive going down. In this situation former(a) member did motivated the squad up up to come up up the winning flavor.\r\nControlling was also intricate in the process, by focus on one thing and sacrifices in separate thing, align with the strategy. These quaternary processes of vigilance were utilise in the process of gaining the final decision and in determining the content to be made (such as production/manufacturing, shipping, labor, price, etc. ), in which the final decision was made by consensus. The envision in the halt gives the learning point in practicing of implementing attention process, planning, organizing, directing, and makeling.\r\nWithin a given time, gathering should be adapted to do planning (including crafting the strategy, and hand the goal), organizing the process (in cluding agreed on the road subroutine of the process, listening and expressing opinion, and adjusting to the characteristics of the concourse), directing (including do and accept direction, need others, make or initiate decision), and controlling (to be aligned with strategy). Management campaigns dodge plays a critical role in the process, and aim to make the c any(prenominal)er-up have unlikeiation that creates competitive edge comp be with the competitors.\r\nDecisions are determined align with the chosen strategy. Strategy such as change magnitude commercialise parting and or increasing price to obtain to a greater extent profit, and or have a low embody production by moving the manufacturing to the low woo location, and or lowering the labor cost, and or increasing the none of the product, etc. , were became the issues discussed during the process. Any decision made in the process should be linked to the strategy and eventu tout ensemble(prenominal)y to the expe cted result (goal). Marketing attention initiatives plays grand role in the process.\r\nAttention was e reallyot in the advertising or promotion program. The decision on the initiatives was made in relation with other initiatives, and initiative should be congruence to be able to r separately expected electric shock. Operations practisement was also applied, in order to have effectual and low cost production, to be able to lower the price, or posture emphasizing in better quality of product and in that locationfore adjust the price to a high-pitcheder bring down. Having different locations of manufacturing was also part of consideration in operation oversight, including the days needed for shipping, and gillyflower take.\r\nFinancial oversight was critical. At the end of the day, the achievement of the strategy, whether the plan was achieved of not, was determined by facts and figures which was analyzed and interpreted in price of financial. The situation or condi tion of the shout outer was considering of profitable, safe or authorizationly bankrupt, and whether the strategy was sound or not was determined from poetry including financial ratios. Production plan and realization, exchange rate, labor cost, product sold or unsold, inventory level, price, etc.\r\nwere giftd to the financial condition, and depart be analyzed throw out for determining next strategy (for next stay). benevolent Re cum was also had major role in the decision process. Number of labor involved, salary and incentives, were some(prenominal)(prenominal) federal agents considered in human resource function. During the discussion it was also considered incentive factors as the factor that can advertise the motivation of the employees, in which can ontogenesis the productiveness and eventually proportionally can lower the cost.\r\n become in the calling games told that the management functions bequeath be more effective if it was take into consideration in in tegrated trend. The strategy made was comprise of galore(postnominal) functions of management, Working in Teams Team play was a factor that can smooth the progress of the practise toward a productive way. At one time one member took the role as attracter, and verbalised the idea or opinion which regarded as role that was back up or argued by other members. The turn tailer than guide or direct the process toward obtaining welcome or top hat solution.\r\nOther member played role as follower, tried to understand point of view of the draw, and gave opinion to enrich the information for having the decision. In one process it can happened that the role of attractor was switch from one member to another member, and lead the discussion toward the decision. Working in team in the business games demonstrated by listening to other opinions or ideas and, gave contri howeverion to the group by doing summary and expressing constructive argument and idea or opinion to the group.\r\n In the process of making group decision, group tried to obtain consensus, with all group members support the decision. Experience and Lesson Taken to Working Place In leading whole in the break away oning place, it is all important(p) to have transcend goals for the building block, which are determined in the process of practiceance planning that usually take place at the beginning of the class. The goals comprises of organization (whole) mark, and individual(a) objective which should be clear and measurable (refer to yen Goals principle) and cascaded from top to bottom, means that the goals are aligned from decision maker or manager position to staff position.\r\nHaving a clear goals or expectations allow for make all employees at heart the whole of measurement know exactly what are expected to be achieved and pass on make the monitor of performance become more effective, and eventually it will make the evaluation of the achievement more effective. loss leader shoul d be able to define the goals, which reflected what the unit wants to be, specially for the individual year. For the unit, strategy than decided to define what is the best way to achieve the goals or answering how to draw off on that point.\r\nLeader should be able to determine the strategy, which should consider of having different way of doing rather than just chase the aforementioned(prenominal) thing. Strategy should have intrust into consideration opportunities and obstacles that can potentially will be face a ache the year. For the unit performance, flow of incline, service level agreement, number of employee, training and development program that will have strike to the quality of work, compensation practice, etc. should be considered in order to have effective strategy.\r\n all(prenominal) the great unwashed in the organization have potential, and leader should put effort to unleash the potential of the individual and support them to perform in their work. many ini tiatives of improvement or programs come from the nation in the unit that can give positive impact to the unit. Motivation is needed to keep the work spirit not fall to the lower level. Leader should do passenger caring to keep in line batch in the unit understand and on track, make sure that people touch on to the same direction with same strategy. Every function of management can be implemented to achieve optimum result.\r\nManaging the operation implemented to ensure effectiveness and efficiency of work. Human resource management will help in ensuring what unit do are align with the business. Financial management can be implement whether in business or support function, for instance to measure Return on Investment of certain initiatives. As member of management team, we should contri ande in a positive way by giving opinion and ideas, or doing what has been decided productively. Discussion should be conducted in conducive way, listen what other people say and express opinion to r severally to the decision.\r\nWhen decision has been made, member should follow and move to perform the decision in effectively. Success of the unit is also determined by the competency, performance, and contribution of the members. To have an optimum result, member should be able to number the purpose as unit purpose not individual purpose. This principle can create synergism between members in the team and can contribute more to the performance of the team. The business strategy games tender inspiration that can be applied in the working(a) situation.\r\nHaving competitors that can affect the result of one group convey the message that in establishing banner, one unit should not look into inside factors, but should also consider outside factors. The capability of the unit can be dependn differently and will lead to different goals and strategy. Strategy can be different if the external condition is supportive and indicates opportunity and will be different if the exte rnal conditions are not accommodating. Macro and micro depth psychology can be conducted to have a more comprehensive analysis for obtaining effective and adept decision.\r\nRead more: http://www. ukessays. com/essays/business/reflection-on-personal-performance-in-business-strategy-game-business-essay. php#ixzz2leirR8KT BUSINESS SIMULATION feebleS INDIVIDUAL REFLECTION newspaper publisher On 10 November 2010 afternoon, Our Can group get a chance to get the materials business color games, the first time we were a little separated and not understand what the content and intent or purpose of this program. Until then we get the opportunity to play an active role play in the game by forming a participation in our throng Can. try Read phonetically\r\nDictionary †attend fine mental lexicon I am a member of cans group discussion †3, in this business game, we manage the community named â€Å" fighter”. We chose the name â€Å"CHAMP” for our corporation bec ouse we hopes that companies will become a leader or a winner in this Business Simulation Game. Growth of our phoner in this game very interesting and gave many valuable lessons. Our troupe was ranked sulphur on the game in first year, after making changes in the manufacturing and merchandising strategy; we became the first winner in the game in the second year.\r\nIn the third year we make changes in the shipping, manufacturing also grocerying strategy over again to maintain its position as champion, but in the fact that our ranking dropped to be number 3. In the fourth year we wanted to get okay into champions. We did totally change the strategy in all sections and mainly to increase product awareness, we contract with many famous artists paid a high price for promotion. But the results we slumped to the lowest ranking (sixth). This impress us and made us confused to flummox out where our biggest mistakes in managing the conjunction. take heed Read phonetically\r\nDiction ary †View detailed dictionary noun bivouacking compound Did not want to continue to decline, in the fifth year we try to flash back to learn the success stories in the first and second year, besides that we also study the company’s strategy of competitors, then we create a new strategy and the results we were able to ride into fourth place. In the sixth year we try to make down in the mouth changes to strategy in several(prenominal) sections and the results we rose again to number three. In the seventh year we do not make changes to our strategy and stay at rank 3. After doing business game above, there are many valuable lessons that I get.\r\nThose lessons were: just about Management Process (Planning, Organizing, Directing, Controlling) In managing a company as a manager or proprietor of a business we mustiness have: a. Planing ? twain long-term planning and short term, this really helps us to determine the strategy or action we should do in the near future or the prep for long-term corporate strategy. b. Organization ? Complete, clear and sheer(a) as one of the supporters because of the company’s â€Å"people are assets of a company”, the view of people with grant knowledge and skills that will facilitate the speedup of the process as well as the trading operations of a company.\r\nIt also must be support by a clear Job definition and detail-enter the obeisanceive functions of the organization. c. Directing ? In the governance of a company also must be supported by rules or standard operating systems or procedures are clear and understood by all line employees. we often call with company regulations, standard operating procedures etc. d. Controlling ? As a manager or owner in a company we still have to implement controls on employee performance, corporate\r\ngovernance, corporate operating costs and market conditions that support the smooth and that we manage the company’s growth periodically. We can also be mak e with checking Monthly Report / Balance Sheet , soften on monthly meetings, etc. Listen Read phonetically Dictionary †View detailed dictionary adjective inside deep indoor indispensable interior profound inland intrinsic hollow thoughtful three-dimensional adverb deeply sound preposition in within on to inside under in the course of prefix endo- 2. closely Management Function (Strategy, Marketing, Operations, finance, Human Resources, etc.\r\n) Strategy ? Corporate strategy should be set appropriately by considering several factors, including supporters of human jacket crown, finance, market share and also that there are competitors in the same type of business with our company. In the governance of a business whitethorn take a few strategies such as for launching a new product inevitably some alleviation strategy, it is necessary whenever the initial strategy does not show results in upper limit then we still have some alternative backup strategy, so it does not requir e a long time to take any action appropriate in market penetration. Marketing ?\r\nAccording to my opinion, the success rate of a company also back with the full functionality of the marketing is true both in the company engaged in the services or products etc. Capable marketing, product master, around the existing market and marketing must knowing the strengths and weaknesses of competitors. Listen Operations ? Operational support from both system and service level aggrement factor in a process of corporate governance is very important. It also needs to be supported with the latest technology. Listen Read phonetically Dictionary †View detailed dictionary\r\nverb 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 enmesh stage-manage generate phrase bring into being Finance ? A company can be give tongue to in good condition when to generate maximum profit. As a manager or the owners of a company we should be able to manage our capital versus operating costs required, the greater the profit earned by production costs that are not too large will show the sanitary of a business.\r\nHowever, we also must consider the placement of funds and financial governance of our company, whether already in accordance with the computeing or is not appropriate. In terms of business expansion or major factor that should we consider is the condition of our corporate finance, whether supportive or not, when lack of support but the potential or opportunities that we have a large, one financial source of our business is on loan from the shore with a source of return and specific timeframe. Human Resources ? In addition to the above factors one important thing to note is\r\nthat inadequate human resources that are steady-going and have the skills to suit the needs of the company. A capable leader shoul d be able to determine the sum up of labor requirements and can put the right people-enter the respective divisions within an organization. 3. About Working In Teams To work as a reliable teamwork are some things we have to consider include: Get well-known(prenominal) with either all members of the team, it is useful to the division of tasks and towards solvent hassles that arise. We must be willing to hear opinions of all members of the team in making changes in strategy or action for operasinal company.\r\nExplore more information and opinion that reliable and resonable with the case or problem that we should solving as a good team work, eq. Browsing some data from internet or from any sourches. Putting the right people on the job or responsibilities in accordance with the characteristics of our team members are. Based on the experiences and lessons I got from the business game I have done, I plan to apply some advantages in my workplace. As the leader of my unit : A leader sh ould have strong leadership and enough skills to manage the organization and the company.\r\nPlanning, directing (also mentoring or choaching program) and controlling periodicly to all of my sub ordinate. Delegate some responsibilities to the deputy business with a fixed control function properly . Sharing knowledge to all sub-ordinate, sub-branch manager and exploring new knowledge, new technology and strategy for the success of Bank Mega Cluster Balikpapan Special require employee from another Bank (Manager or Marketing) to help me manage the company and make the vision 1000 of Bank Mega become reality (become the leader bank in Balikpapan †East Kalimantan Indonesia) As a member of my management team :\r\nBeing more creative, proactive and everlastingly have new ideas to supporting the management team More details in objectiveing business opportunities and increase market share. Establishing a reliable team work with 2-way communication is effective and still comfort the opinions of other members of management team Read more: http://www. ukessays. com/essays/business/business-simulation-games-individual-reflection-paper-business-essay. php#ixzz2lej5YvdS REFLECTION PAPER †THE BUSINESS STRATEGY GAME About Management Processes\r\nFrom the Business Strategy Game, I learned that first important process for a company to determine its future business form was to set a strategical and realistic planning about what is the company goal, how long the goal will be achieved and how to achieve the goal among the competition. In background the plan, company should define first what is their mission contestation or strategic vision. This mission statement is a statement which indicates the purposes and activities of the company’s business/goals in brief, clear and focus words.\r\nAlong with mission statement, company must clearly define its objectives quantitatively within certain period. From these quantitative objectives, company could set a reali stic and attainable long term strategic planning to allocate budget and resources in the company. In strategic planning, company should define clearly its target market, financial objective and competitive position among the industry. This strategic planning will be the direction of the company in running its business.\r\nAfter setting the strategic planning, company should design an organization structure to manage the company effectively, by designating persons who will in scud in each roles and held responsibility in each area of the business in the company (marketing, finance, operation, gross sales and so on), in particular the person who will be responsible as the leader of the company (as CEO). The role of CEO is very immanent because he/she must lead company to the right direction in implementing company strategy to achieve company’s objectives.\r\nFrom the clear and effective organization structure, CEO and management will have clear legitimation and agency in d irecting all resources in the company to implement the company’s strategy. Finally, the company should almost and intensively controlling and monitoring the performance of the strategy during implementation to assess its progress against the pre-defined targets and ensure that all the company elements were doing their parts and responsibility in the right track. About Management Functions\r\nIn a company, management should establish the right and important functions which will run the company practicable activities, define what are the responsibilities of each functions and ensure that each functions performed in accordance with the company objectives. In order to give more value to the company in terms of positiveness, management should work together to set a strategy in making company’s output (product or services) more competitive in the market by considering all aspects involved.\r\nAs an example, to gain more profitability company could set pricing strategy to be higher or lower compare to market but before decided the price, company should consider other aspects such as costs, quality and resources needed in creation of the product or services. About Working in Teams In working as a team member in the company, it is very important to determine a clear prenomen about who will act as the leader and the follower. Because if there’s no clear designation, potentially will cause the resources in the company to move to the wrong direction and this will destruct company effort in achieving its objectives.\r\nAs a leader, a person should show the ability to manage and to coach the entire team member to do their tasks properly, and he/she should has willingness to listen and appreciation to his/her followers insights at the same time. And as a follower, one should give respect to the leader and obey the leader decisions. But it is important too for the company to define what is the follower duty assignment and designation, because if it i s not clearly defined, the follower couldn’t perform nor contributed optimally in attaining company’s objective process.\r\nWhat I plan to do in my work place from the experience and lessons I took from the BSG are : As the leader of my unit I will put more effort to be an effective and efficient leader of my unit and will put more awareness to all my team member that our jobs especially in designing the most efficient operational work flow in my company has essential impact in saving the company budget and optimizing company resources which will contributed in achieving the company’s objective especially in financial aspect and giving more value to the customer and shareholder.\r\nAnd moreover I will spend more time and effort to evaluate designation and job translation for each member of my team, to put the right person to the right job and responsibility. If the designation and job description were not fit or not clear to the team member, it will impact to the performance of the working unit itself because each team member do not know exactly what is their role in their working unit. As a member of my management team I will put more consideration and attention about financial impact of any decision that my management made.\r\nFrom the BSG, I see that all activities in each working unit must be contributed and affected to the company strategic planning especially in achieving financial goals. And I will put more respect to any member and any decision of my management team made, even though sometimes the decision seems to be hard to be implement, I will try to see it from wider perspective that the decision must be made deliberately and considered many important aspects which finale is to give more value for the company.\r\n'