Globus Report Essay

The objective of this Globus jeopardize is to hap a community in the veridical environment which is we will manage with some separate companies. On this trick I am be plan of attack co-manager of a photographic camera manufacturing. entirely of the union catch two products in the trade which is Entry level camera and multi featured camera. And the trade ara is dual-lane into 4 region which is 1.North America2. Europe-Africa 3. Asia peace fitting 4. Latin America.One concourse pee-pee 3 instalments , and in my military control simulation we got 8 different companies. Each fri finishship has to run the camera business either week , one week in real life is represent 1 grade in the simulation for a consecutive 10 weeks. The ultimate terminal for tout ensemble the companies is to overshadow the commercialise of the cameras perseverance, the topper camera club in the persistence is to get the fundamentside that give by the investor expectations, gaining t he most market share and ensure evaluate and maintaining a good assurance rating.My AchievementsBy doing the realistic business second with my free radical member , I had to be able to conk come out the business any family , what the strategies I shake off to do , and how to get high dividend and investor expectation. By doing this address I bottomland fully get watchd what happening with this industries and how to improve this business.. These kind of subjects appropriate me to to a lower placestand concept in the industry and develop a system to win the competition within the industry. By experiencing this virtual business halt I have learn about business way , outing from production cost , market , advertising , marketing , object market ,shipping labour forces ,financial stopping point , and business excogitation .all of this elements will impact the business performance. On this game I also learn from the compotetion btween the high society in this i ndustries.E precise single political party have a different strategies to dominate the industry. All the strategies is depend on the menstruation baby-situation and head market.and the competition is on all the time beca use up the compotitors I ever find the new strategies to defeat our confederation.so we requisite to come up with new strategies.My unexampled Transferable Skills rumination 1 context of use On the outset week of the Globus game we were trying to smorgasbord the closing ingress as what we did in the Globus practice development on our knoledege about business menegement activating realise With lack of knowledge that we got on the first class go away is under the investor expectation ,eventhough we tried so severe to do this decision entries. tactile sensation We failed to hope that with our lack of knowledge our first course results is unsatisfy ,.it is put forward our companies is nates other companies. core Other companies performing wel l up on the first family so our participation is one step behind .Our results for EPS ,ROE and fancy rating is so much behind others companies.So it is hard for us to chase the other companies that performing beyond our companies as well as none of our group member truly construe about business. contend I have learn that when you puff your company you need to perceive everything about it from the market , business pla and etc. Because first form is the most crucial for your business to see the prospect of your business . so you need to learn in advance you do it.mirror image 2 circumstance Our group have develop different strategies every family Activating Experience We are trying to do the strategies to get much profit on that year and didnt planning for the coming tyears Belief We failed to tactile sensation that our strategies is failed because we didnt see the situation of the market and we didnt planning well for the coming years like warranty I s the most issues of our comapny Consequence Our result is dropped every because we have no dissect market and our braggy planning for the afterlife , so until the very end of the year we still have outstanding loans broil I learned that it is really grave to look into about he target market and the planning of future business.Reflection 3 circumstance We always flip our p/q rating every year Activating Experience we always change our p/q rating to be the same as the leading companies ,hoping that we can compete with them Belief We failed to moot we didnt read our p/q rating since the first year , by changing the p/q rating every year it boost our market share and kick us out of the competition.because we dont choose the target market of our companies , which is always changed every year Consequence Our companies rank is dropping until it aalmost the net adjust , and we have no target market struggle I have learn that I cant use other company strategies , but I have to find the new strategies that can beat them in theyre market.And I would make sure to develop my own strategies to bugger off against other companies.My personal growth and womb-to-tomb learningReflection 1linguistic context For some of the week our globus group couldnot concentrate on globus game Activating Experience The Globus squad unsatisfy with the result that not unchangeable , and we didnt do well on some of the year Belief I failed to believe that because 1 didnt wait centralise to do the globus simulation game. Consequences Our company have a bad start and the result in the middle year is falling down.we keep losing point every year until it reah the peak and our company make a loss.The biggest mis matter was that we did not understand the game entirely and this made us suffer for the beginning of the years. Dispute I would like to completely understand on how to run the company and be able to do full analysis and research in the industry. And the most important thing to ru n the business is to keep focus to run the business to make a succesfull businessReflection 2Context In all of the group concussion, we as the co-managers, had agreed on the decision to take and do the Glo-bus together. Activating Experience During the very last minutes of before year 11 or 12 decision was due, one of the co-managers changed the decision and we were not cognizant about that. Belief I failed to believe that we all had agreed on all the decisions we had come in group meeting and nobody would change any decision without any consent from other co-managers. Consequences Our company was in the second last position due to the loss that we got. The co-manager decided to significantly lower the price to gain more market share, but in the end the decision was against us. Dispute I would neer let my team member to do that anymore. Since then, I learned that I had to chip shot all the decision entries just before it was due to make sure everything was authorize and a ccording to what we agreed in the group meeting. I learned that this kind of bring through could be fatal and as a result, it would be hard to manage the gelt year after.Reflection 3Context After couple of weeks of hard time, we had to sit down together, share ideas and run the Globus game together to make sure we really understand Globus. Activating Experience We had to analyse the competition in our industry and suppose many possible strategies to counter our competitors. Belief I believed that as co-managers, we had to completely understand Globus and make sure that everyone in the team really understood what was happening since this was the outdo way to run the company. Consequences We managed to bounce back at the end. Our position kept change magnitude every year up to fifth position which was not that good for the gird of the company. In the end, with everyone sharing their opinions and ideas, we managed to go as one team to help the company that was already in a ba d position due to bad performances from precedent years. Dispute I learned that by getting together as a group and shared knowledge and analysed the industry together, we could manage to be the best actually.Reflection 4Context After our company had bounced back, we had to keep doing our strategy so that our company could get wear out. Activating Experience We had to do analysis every week conservatively to see what the best opportunity and strategy to take. Belief We believed that by doing analysis every week, we could maintain our position. Consequences Our company was getting better every year onwards since year 12 and 13. This was because we had understood on how to make up the game. We did analysis and research every week to find out what strategy we could implement. Dispute I learned that by completely understand the game, the game was actually interesting. at once I know how business workings in real life. Everything was related with some other and each decision w as really important.