Marketplace Simulation Game Analysis
The marketplace simulation game was an overall great experience in terms of understanding how
an organization works, what aspects should be considered while making decisions and how to
coordinate between various departments. It was an excellent platform for me to learn how
various functional departments in an organization work and how are they dependent on one
another. Working in a team and coping with various challenges collectively helped me
understand the importance of team work. I believe that the game has helped me to develop my
management and leadership skills. Working under time and budget constraints along with
pressure from competitors have helped to improve my time management skills and improved my
strategic thinking process. …show more content…
It is also very important to choose various funding sources with minimum cost of
capital in order to be competitive in the long run. We should not only run after profitability but
also manager positive cash flows every time as profits will not help us pay our bills and wages in
the short run.
In the Manufacturing department, I learnt about various key concepts such as fixed operating
capacity and operating plant capacity. One of the key decision to make in the manufacturing
department is to select the plant location. Various factors such as shipping, manufacturing and
distribution costs must be considered before choosing a plant location as it can be a source of
competitive advantage later on. I also learnt about the total capacity of the firm. It includes both
fixed and operating plant capacity which is required to control the number of units produced in
the plant. We must be very careful when selecting the fixed and operating capacity of our firm as
it can result in over production or under production of goods. I learnt other concepts like
production scheduling, target and replenishment points which is very crucial in determining the
inventory level and handling them
an organization works, what aspects should be considered while making decisions and how to
coordinate between various departments. It was an excellent platform for me to learn how
various functional departments in an organization work and how are they dependent on one
another. Working in a team and coping with various challenges collectively helped me
understand the importance of team work. I believe that the game has helped me to develop my
management and leadership skills. Working under time and budget constraints along with
pressure from competitors have helped to improve my time management skills and improved my
strategic thinking process. …show more content…
It is also very important to choose various funding sources with minimum cost of
capital in order to be competitive in the long run. We should not only run after profitability but
also manager positive cash flows every time as profits will not help us pay our bills and wages in
the short run.
In the Manufacturing department, I learnt about various key concepts such as fixed operating
capacity and operating plant capacity. One of the key decision to make in the manufacturing
department is to select the plant location. Various factors such as shipping, manufacturing and
distribution costs must be considered before choosing a plant location as it can be a source of
competitive advantage later on. I also learnt about the total capacity of the firm. It includes both
fixed and operating plant capacity which is required to control the number of units produced in
the plant. We must be very careful when selecting the fixed and operating capacity of our firm as
it can result in over production or under production of goods. I learnt other concepts like
production scheduling, target and replenishment points which is very crucial in determining the
inventory level and handling them