Turn delivery time to 4 weeks because it has no noticeable effect on sales but significantly affects EPS and Net Profit. Toggle the advertising spending to see the lowest cost at which the company can achieve the desired market share. Tips for Lowering Cost and Other Recommendations For Winning the Business Simulation Game Perhaps the most reliable way for a company to improve its financial performance over time is to recognize that a balanced scorecard approach to measuring company performance has much to recommend because pursuing and achieving strategic outcomes that boost a company's competitiveness and strength in the marketplace puts it in a better positions to improve its future financial performance.ĭoing things differently from competitors where it counts-out-innovate them, be more efficient, adapt faster-rather than running with the herd. On the other hand, an increase in the stock offering will allow the company to finance expansion at a likely cheaper cost than taking a loan but will dilute the EPS. Remarkable growth minimizes the need to payout dividend but when growth begins to taper off consistent dividend payments as well as steadily increasing dividends by $0.05 year over year will help stabilize the company’s stock price. The stock repurchase is also an almost instant way of increasing the stock price and EPS given the company continues to see reasonable growth. Therefore, growth-minded companies should consider expanding especially if plants are operating at over 80% capacity. Substantial growth in revenues and net profits will fuel tremendous growth in EPS and Stock Price. Recommendations for Improving EPS, ROE, and Stock Price in BSG Simulation This notion was met with resistance but after toggling the percentage increase back and forth it became apparent that our team member who didn’t allow herself to be drowned out was well informed. For example, one team member offered the opinion that giving employees an increase in base wages would lower the total cost of compensation as well as the total cost of production. Follow the instinct that says there is a better option, always investigate this thought and never be afraid to challenge the soundness of a decision.

Diverse opinions should be encouraged especially if they are grounded in research. The game requires a level of precision which can only be achieved if the team is pushing the same strategy, therefore, it is very important to select a strategy that is compatible with the various points of views of members. Teams become better assets than individuals when members are able to fit into the grooves of each other like the gears on a well-oiled machine. To become successful at the simulation the first order of business is to integrate with team members learn of the different ways that members complement each other. The simulation creates the environment for teams to immerse themselves in the collaborative nature of getting business done. Photo by Angelo Grant Team Work is The Most Essential Factor of The Business Strategy Game

If you want top honors focus on the insight provided in this article as it will help you formulate a winning strategy.

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