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Business Simulation Game (Individual Report)

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Using this strategy, te company did not abandon the idea of networking with other similar-minded firms. Istead of coalition with like-minded firms to gain scale, te strategy would be for diverse parties to gain scope. Al companies, oganizations and agencies are potential members of the High Involvement Strategy. Te strategy would include networking of regional, lcal, ntional, plitical, eonomic and social actors. Trough frequent communication and contact, te network behaves like an information-gathering device that works with potential sources of political risks to lessen the probability of actions that be in conflict with our company’s objectives.

Te management team of our company reasoned that aligning our objectives with those of already existing or newly created network would place the company in a safe position to obtain information that may guide our management decisions. I the event that it would not be possible to align the objectives of the firm with the objectives of the network, te company would still access the useful information of the group, pacing it in a good position to predict risks and negotiate settlements, lessening the impacts of political actions.

Or company acknowledged the role of such networks in mitigating cases of civil unrest and mediating in processes where political policies cannot be changed. Iproving the economic performance of our firm is subject to the strategies put in place and the economic factors that prevail in the markets and operation zones. Ging global was one of the strategies that we noted to place the economic future of the company in a good position. Wth a global market, i is safe to find security the hopes of diversified market.

Wile operating in Europe-Africa, Ltin America, Aia-Pacific and North America, or company enjoys the benefits of making sales in one or more of the regions despite economic woes in the other locales. I is often not usual to have a case of poor sales of products in all the four broad locations. Te firm’s sales are likely to be influenced by the level of disposable income in addition to value for money factor. Oher economic factors also have impacts on the profitability of the and its operation activities.

Tese factors vary from one national boarder to another and influence the strategies of the company. Tey include national Gross Domestic Product, mney supply, iflation, uemployment, ccle of the...

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preview essay on Business Simulation Game (Individual Report)
  • Pages: 14 (3500 words)
  • Document Type: Essay
  • Subject: Business
  • Level: Ph.D.
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