Reference no: EM132186485
Assignment
This individual paper is meant to demonstrate your ability to connect the Glo-Bus simulation with the teachings of the class.
In this reflection paper you will be asked to analyze your team's strategy for the game and reflect on the lessons learned.
Please address the following questions as you prepare your reflection paper:
Select and analyze two management functions of your company (e.g. Strategy, Marketing, Operations, Finance, Human Resources, Corporate Compliance/Ethics).
Reflect on the results and the mistakes made. In hindsight, what would you have done differently? What prevented you from pursuing a different strategy?
Please selected the strategy and finance.
Our team didn't have much clear strategy plan on the two products (Camera and drone). Although at first few week, we are leading the game, but not last long.
Also, the finance plan. Our team members have been refusing to take out loans from Banks or sell shares to raise money. Our team has been paying too much excessive attention on credit image but does not take advantage or use this advantage to borrow bank loans.
At the same time, the obsession with net in cash is too high. Team member always feel that our company has the money, so we do not need to borrow.
However, loans can be used to raise advertising costs, and various technical costs and this is the key to success.
What did you learn about working with a team through this simulation? What did you you learn that will help you in your work environment?
In composing your paper, consider the following rubric:
A papers make compelling analytical connections between the simulation and the concepts covered in the course. These papers follow a focused, coherent purpose and are written in perfect academic style with no errors in grammar or spelling.
B papers make coherent points about the simulation and how it connects with the concepts covered in the course. These papers are well focused and are generally well proofread and edited for academic style.
C papers make a number of disconnected points about the simulation, with an unsupportivereference of the concepts covered in the course. They demonstrate approximately correct proofreading and editing for academic style.
D papers make disconnected and incoherent points.
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Analyze how the scenario affects the organization
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What is the context of the situation from your perspective
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What are the important aspect of talent management
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What kind of tone you adopt to that end
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Reflect on the results and the mistakes made
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What are the legal concerns here
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Company or organization annual report
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Emulate the characteristics of an effective leader
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Organization evaluate its performance in financial terms
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