Cesim - Final Team Report PDF

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MGT 490 Business strategy ...

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Strategic Management MGT490 Cesim Business Simulation Final Team Report – Group Effort Review this document carefully and discuss as a team. This should be your first order of business so the team can agree in advance on expected performance from each member of the team, and the team as a whole. You are responsible for writing-up a report and arguing that your management team should have their management contract renewed. You must take the positive case even if the results you earned were not very good. There are certain steps you can take that will make you successful and are necessary to complete this report successfully. The best piece of advice I can offer is to carefully prepare by reading the manual and the case individually. You should discuss the case and instructions to determine the level of knowledge possessed by your team. You need to start by assessing your capabilities! There is a strong correlation between preparation and final results. Teammates and Team Dynamics: Team Member

Management Role

Estimated Time Contributed

Rate Contribution 1-10

*For each team member you must rate their contribution to the team. You can only use a numerical rating once. This means only one person can be rated an 8 – this forces your to prioritize the contribution of each team member. Each team member should contribute their estimate of hours worked on simulation over whole semester.

Earned Numerical Grade for the Performance of your company: ____________________________ Earned Numerical Grade for the Performance of your team: _______________________________ Earned Numerical Grade for the Overall Team Preparation: __________________________________ Estimated amount of time the team invested working in the simulation together: _________ Which team member made the greatest contribution?________________________________________ Which team member made the weakest contribution?________________________________________

1. Describe how you planned to work together as a team. Why did you assign each member the role they played? How did you select leadership? What processes did you put in place to hold one another accountable for results? What is your process to terminate a team member who is not contributing? You should discuss free-riding and expected level of contribution from each team member in advance. If you fail to complete this step you will have NO WAY to hold a team member accountable. If your team has a member who is controlling how will you intervene and remind the teammate this is a team project? Lay a good foundation and you will get a good result.

2. Describe the generic strategy your team selected overall and in each market. You must discuss why you felt that was the best choice for your company, and the steps you planned to take to implement your strategy.

3. Describe and discuss how your team planned to use the practice round to test your planned strategy. 4. Describe and discuss the specific actions and changes you undertook after reviewing your results from the practice round. 5. For each of the six decision rounds you should specifically describe the decisions you made, why you made them and how they related to your selected strategy. Each round should be clearly labeled in the report. You narration should be as short as possible and specific – report the change numerically and one sentence what you hoped to achieve with the change. You are not permitted to try and describe things you didn’t do – you must describe what you did exactly as a team. 6. Based on all the above – argue that your management contract should be reviewed. 7. What else should I know about your experience with the simulation?...