Simulations can be used to inject the ways an individual needs to adopt hen he or she tends to encounter nay situation. As in the computer simulation it also provides realistic view of what the situation is really like on the ground and what challenge an individual needs to overcome. Business simulation is very much similar to the computer simulation. In the course of this paper it tends to reflect those insights based on the Glo-Bus Business simulation. Insight here is translated as those observations which an individual tends to inculcate as per his or her exposure towards the subject. It helps an individual to extract his or her insights onto the paper. O Always repurchase max shares each year.The term Self-Reflection tends to be interpreted as the individual understanding regarding any subject. O Never payout dividends to shareholders until the final year. O Never have Ending Cash Balance unless you paid off all your Outstanding Loans.
O Always make a Paydown to Outstanding Loans. O Always select yes for the following 3 decisions: Improved Working Conditions – Facilities, Improved Working Conditions – Safety/Lightning, and Supplier Code of Conduct.
O Never donate to charitable contributions and never go “green.” O Always fire the same amount of workers in Quarter 4 after hiring them in Quarter 3. O Always max out Overtime first, and then hire PATs if needed. O Adjust fringe benefits package to maximize Net profit. O If your Total Annual Compensation per Full-Time PAT Member is above Industry Average, you may change your Base Wage per Product Assembly Team (PAT) Member to 0% change otherwise adjust to make sure you never pay below industry average. O Always max out Quarterly PAT Training and Productivity Improvement each year. O Always max out Quarterly Bonus for Perfect Attendance. O Always max out incentive bonus to reduce warranty claims. O Never make more or less than your forecasted/projected retailer orders. O Always match Assembly to order and remember to change labor after each match. O You want to maximize retailers and market share to maximize profit.
O Popularity is how much the retailers like your company (camera quality, prices, etc), therefore if your popularity is high then the number of retailers will go up, so pay close attention and do what they like.
O Set your prices with good promotion rate to be effective. O Always decrease price from previous year, never increase prices. O Never dramatically decrease Multi P/Q below industry average. O For Multi, always have the highest P/Q in the industry while having the lowest price within your P/Q range. O For Entry, always have the lowest price in the industry while having the lowest cost. O Always max R&D in Product Design for both Entry and Multi every year until you hit $60-$70k or until you see diminishing returns.
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