Reference no: EM131742041

Assignment

You can see the effect of the matching principle on your Capsim Core Income Statement. When you sell products, the amount you paid for the materials and labor will show up in the Variable Cost section, even though your company paid those bills earlier. The lesson is that those costs are matched to the sales.

When you buy additional capacity for your Capsim plant or add points to your automation rating, your investment in these assets will show up on the Balance Sheet under Fixed Assets as a positive number. That same amount will show up on the Cash Flow statement (as a negative number) under Cash From Investing, because the cash went out of the business for the equipment.

For this assignment, explain the relationship between your team's Capsim decisions and their impact on the Income Statement and Balance Sheet for last week's Round 2 competition. Share your decision-making logic. Include in your discussion how your decisions affected a) sales, b) profit, and c) contribution margin, and explain the concepts and models you used to form and integrate your strategies.

Your paper should meet the following requirements:

• Be 5-6 pages in length, excluding the title and references pages.
• APA Format

Conflict Management

1) Communicate issues to entire team so ALL members are aware of the problem. Start with a text, and escalate with an email as needed.

2) Disagreements will be resolved with a majority vote.

Reference Section - Weekly Discussion Form Assignments, highlight items applicable for team assignments

10/26

• What type of a culture do you want to develop?

• How will your culture impact the primary resources used in the production process, human resources, raw materials, and capacity?

• Ensure that your culture will support your chosen strategy discussed in Module 2.

Organizational culture will reflect the mission, vision, and goals of the owner or CEO. Culture can support employee engagement, innovation, and creativity. A healthy culture can support the alignment of company goals with daily activities, such as production. Reflect on the diversity of individual talents and strengths on your Capsim team:

• Identify five points that you believe are most important to your organization.
• Explain why you have chosen each of those five points.
• What organizational barriers must be overcome?
• How would you address the barriers and what might the expected results be?

Consider the four key perspectives of a balanced scorecard applied to your Capsim competition: (1) the learning and growth perspective, (2) the business process perspective, (3) the customer perspective, and (4) the financial perspective. Then respond to the following:

• Provide an overview of an organization you are familiar with or one that you researched. Include in your overview statistics that describe the organization, such as its product/service, size, and number of employees.

• Discuss whether the four key perspectives are relevant to that organization.

• How can you utilize the four key perspectives to analyze and improve your Capsim simulation rounds?

Porter's Five Forces model is a well-known approach to developing a sustainable competitive advantage. For a company to develop a competitive advantage, however, the four functional areas, as described in Chapter 2, and the employees must effectively work together toward shared goals and manage the complex interactions of ideas, people, and capital. Address the following:

• Describe your Capsim team's experience with the interactions of your team's functional areas.
• What sustainable competitive advantage were you able to develop, if any?
• How did your team balance the needs of internal and external stakeholders?
• What are the marketing realities your team faced and how did you address them?

One of the goals of the Capsim competition was to give you experience in manipulating the levers of control that drive a business. However, there are ethical and social responsibilities that extend beyond a company's need to earn a profit. If you were to compete in a Capsim competition again, how would you ensure that your team incorporates the Triple Bottom Line of financial, environmental, and social performance?

• Describe what your triple bottom line goals might look like.
• How would you measure the company's performance toward those goals?
• How would you incorporate triple bottom line metrics using the Balanced Scorecard?

Attachment:- Team-Charter-Andrews.rar