Glo-bus online business simulation analysis essay

The simulation suggests that if you can be a successful market pioneer and continue to sustain significant market share and lead the market, then that is an excellent role, but was not the case for this firm.

Glo- Bus Reflective Analysis

How you react to these events can create a positive or negative advantage for your company. Both major turning points proved to be important events in the simulation. Achieving Sustained Competitive Advantage. Amalgamated Holdings was able to react positively to the marketplace environment and gain substantial market share in both the entry level and multi-featured camera.

Amalgamated Holdings was able to react positively to the marketplace environment and gain substantial market share in both the entry level and multi-featured camera.

Their strategy involved switching from one leading company to the next, too late in the game. Each company developed an individual business strategy, which created an interesting dynamic to view how the market was affected.

The initial success, in offering low prices relative to their competitors, was positively related to the performance of their company. There were two critical turning points throughout this simulation. At the beginning of our journey we made decisions using this theory in order to get grasp of what we are doing.

GLO-BUS – Online Business Simulation Analysis

Our Process is Simple. The Glo-Bus Simulation was able to replicate the affect that an organization could have in the marketplace with changes in their strategy. This is only true if another organization does not pass up the company that they are following in the process.

This is only true if another organization does not pass up the company that they are following in the process. Typically, the low cost leader was the driving force in the market.

Every organization will encounter these events from time to time. Key Learning Experiences There were multiple key learning experiences throughout the Glo-Bus simulation.

The Glo-Bus Simulation was able to simulate real-world competition in the digital camera industry. Industry trends are important because they can signal forthcoming changes or events that companies can anticipate in order to position themselves accordingly.

Having a clear business strategy is critical for success in any endeavor.

In order to implement this strategy, we relied heavily on the projections for the upcoming year. Without having good leadership one cannot excel in this game of simulation.

Continually monitoring the marketplace and making adjustments as necessary, will create a positive environment where an organization will flourish. They were able to secure modest market share in both the entry-level and multi-featured camera.

Employing a low-cost leadership strategy helped us to pursue a competitive advantage keyed towards having lower costs and selling our entry-level camera at a lower price than our rivals. With focused leadership, a clear strategic plan for the organization, and early identification of leading market trends, we were able to hold onto the lead in the marketplace until the end of the simulation.

We were able to leverage our knowledge of business strategy to plan and react to changes in the market set forth by our competitors, creating a scenario where our organization thrived. How you react to these events can create a positive or negative advantage for your company.

Overall Industry Trends Understanding and reacting to industry trends is a critical piece of information businesses. Below are some specific successes and failures we experienced in the simulation: Key Learning Experiences There were multiple key learning experiences throughout the Glo-Bus simulation.

Critical Incident Technique During the group work we faced three critical incidents Critical Incident 1: This was the true of Team C in this simulation.

We were able to leverage our knowledge of business strategy to plan and react to changes in the market set forth by our competitors, creating a scenario where our organization thrived. Early identification of the sensitivity price trends, played in the simulation, gave Amalgamated Holdings a competitive advantage that enabled our company to minimize the risk of a loss of market share.

GLO-BUS – Online Business Simulation Analysis Essay Sample

Every organization will encounter these events from time to time. Industry trends are important because they can signal forthcoming changes or events that companies can anticipate in order to position themselves accordingly. This organization focused their attention on whoever was in the lead.

The initial success, in offering low prices relative to their competitors, was positively related to the performance of their company.

Having a clear business strategy is critical for success in any endeavor.

GLO-BUS - Online Business Simulation Analysis

Their strategy involved switching from one leading company to the next, too late in the game. These changes are considered industry developments or major turning points and are important signals to key changes in the direction of the market.

Reflection is one of the key aspects of learning, and the aim of this report is to produce a document on the learning experiences and knowledge gained throughout the online business simulation of Glo-Bus.

This was a major turning point as it established the credible evidence that price and market share were positively correlated.GLO-BUS - Online Business Simulation Analysis Essay by Katwirl, University, Master's, A+, May download word file, 9 pages download word file, 9 pages 6 votes/5(6).

Read this essay on Globus. Come browse our large digital warehouse of free sample essays. Home Page; Other Topics; Globus In: Other Topics Submitted By glassgowkiss12 Words Pages 5. GLO-BUS SIMULATION DO YOU EVEN LIFT The Glo-bus simulation was a unique experience that all students should participate in.

GLO-BUS – Online Business Simulation Analysis. I. The Firm’s Objectives. A clear strategic plan was set out in the beginning, and adhered to. The glo-bus game is an online game developed by IBM and is short for globe business simulation game. It provides a competitive environment to all the participants and company’s managers.

Essay on GLO-BUS simulation. The task and standards: The glo-bus game is an online game developed by IBM and is short for globe business simulation game. It provides a competitive environment to all the participants and company’s managers.

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Glo-bus online business simulation analysis essay
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