Business Game Modeling - Case Study Example

Abstract Business simulation is a division of simulation games with centers on business content, the wider meaning of simulation game fundamental of two perceptions; simulation and the game. The term simulation means a representation of a realistic system, an environment, or processes that is digitally processed. The term game implies artificially created competitive events with specific objectives of rules and regulation that is situated in a definite context. The objectives of employing the business simulation is to get more knowledge, tactical aspect, decision making, learning objectives as well as the manner in which business appreciate the simulation games and to create a further intricate environment. Furthermore, the business simulation game have transformed from being a supplement tool to a focal tool as well as have a key from of pedagogy for business training. The latest ideology of business simulation games that combines with case base method as well as the knowledge based learning theories leads to business simulation games being a key familiar and efficient. Manner of training approach. Furthermore, games will be one of information communication technology tendency for the anticipation of learning. Aim of the study The aim of the study is to outline the process of appraisal of business game simulation on the company performance. The study was executed by the group with the sole objective of providing simulated knowledge of manner in which an organization work enabling skills as well as expertise from disparate filed to be created and incorporated in solving comparatively intricate problem. The objective of the assessment was to appraise the effect of company performance given the existence of competitors in the same market as well as proving a report on whether financial investment of the company provide the value for money by checking on the company ratios and trend analysis. In order to stay firm in a competitive market, many companies must progressively enhance their business operation. Companies of diverse size creates latest business models which implies that enhancing as well as changing the manner in which business operate as well as interact with other business associates .clients as well as suppliers. It is evident that developing vibrant of model business progression before fundamental transformation might increase the success of the business. Simulation has a significant role in modeling as well as assessing the activities since; it enables quantitative approximation of influence of the redesigned progression on system performance. Business process modeling The increase interest among industries in organizational change as well as business process re-engineering as lead to multiple approach as well as technique to sustain the process. Numerous diverse techniques can be employed for modeling business processes to give a comprehensive thought of probable situation of enhancement. Example of business model approach adopted by the business includes data flow diagram, flowcharting as well as discrete. Event simulation is merely some of instances of business process modeling approach employed in the study. The study appreciates the suitable tool in processing as well as simulation modeling in the project. One of the key advantages of the modeling technique is the straightforwardness since modern simulation software tools are capable of modeling dynamics of the processes as well as depict it visually which then can improves generation of thoughts to redesign the present business process. . Even individual who have no experience in the model of business process before might comfortably comprehend the technique. The simulation generates numerous reports concerning the duration of every transition, expense, resource, as well as consumption at end of the simulation process. The simulation of a two year performance of the company was executed and the report depicts than average business process takes at least 20 minutes with an average cost of $45, 6.Nevertheless the simulation report no matter how exact as well as comprehensive it is, the model is not merely an approach of employing the business process modeling for the assessment of problems of such process implementation. Frequent business process maps them how numerous problems that have not been depicted before. The busies problem provides two key problem; the communication within the business as well as between the business and its suppliers is stunted and unproductive, consequently n numerous sorts of gap in the process implementation. The second stage of the study the outcome of the study was employed as per the introduction of latest business model of the company transaction. The workflow management system of the business was introduced. From the process map itself less dissimilarity between the AS-IS and TO-BE model in business situation. Nevertheless, the very significant dissimilarity is apparent in the manner of performing these events. In addition, this is normally the very hard part of the re-engineering the existing business process in order to I prove the effectiveness of the production. The details about the activities are presented by the comprehensive result of business simulation model. The models were assessed and a comparison made in relation to time and expense of an average process implementation the outcome of the assessment depicts that the time might be halved where the process way out are employed. The expense can be cut considerably for one process implementation Interpretation of the result The outcome of the simulation model provides that the business is performing on average. This is supported by the result of return on equity, the revenue generation, as well as the earning per share. The variables employed are relevant since, they are key business appraisal tool that can be used to evaluate the company performance. The model therefore provides some of the option that the business may practice in order to improve on the business situation. The company should appreciate the E-business technique in order to improve on the production and sells efficiency. It is clearly comprehended that electronic busies may lead to several benefit to the business. Nevertheless, present realistic business application has not been in a good position to deliver the advantage they assure in theory. Before appreciating the e-business, corporations must appraise the expense required for setting up as well as servicing the required resource and application. The y also needs to make a comparison with the anticipated advantage. Although the assessment of substitute explanation may be hard, it is necessary since it minimize the threat associated with normally business operation as depicted in the business model game result. In order to safeguard the business performance, the simulation model on business to business was developed; the process is relevant since, it will relevant in appraising the probable advantage as well s the limitation of the BPR project. E-business concerns the enhancement of major business process by appreciating the internet as well as other modern expertise. It refers to entire aspect of business, which assumes the computer network and fundamentally alters the manen in which firm does business. E-busines is growing and progressively changing through crating and innovation processes. This pushes the key changes in the organization and requires fast and flexible acceptance of business. By firmly tracking a process perspective, business are redesigned across functional and hierarchical limits. To contain these changes, company might require restructuring across the fresh business progression.BRP is an E-business driven approach to ensuring that the business is efficiency in its production and seems to appear [performing well in the industry as compared to other industries. this process couldn’t be assumed on radical restructuring of the company processes but must be extended to the all business network. An enhancement geared to entail as well the inter-companies processes is called the Business network redesign. The process is driven by world information connectivity as well as the elctronic cormece. It point out the inter-company processes to revamp as well as enlarge the strength of BPR to then network together with business associate. An online associate ought to be initiated by the business and as well, it must go beyond promoting as well as pre-selling activities on company’s site. It must drill into the business processes to create a complete diverse business models. Consequently, many business require re-asses and web-web enabled key procedure to reinforce the client service operation, restructure supply chain process, as well as create new clients. The old business are required to change their existing business model as well generate a latest one. The E-Business model and strategies Three vital aspects resolve s the performance of the company. The business model, busines environment as well as the change. A competitive environment as well as the change such as the government, demand and supply, deregulation as well as technologies affects the busiens models. Some normal query World business leaders faced with the following intricacy; is business in good position to handle complex information technology and the present latest economy. There is no best e-business model and thus diverse business model and their arrangement are normally interrogated comprehensively into business strategies. There is huge increase in patent of licensing revenue since business models are defined within the context of patent right. The revenue of the company depicts a growth of $242954.The reality is that the impact of the patent system on the improvement actions as well as the economic expansion is in reality broadly examined in the company analysis. The examination outcome from that concludes that strong patent right may in reality be one of the very efficient approach of enhancing improvement, sharing of expertise as well as economic progress by of improved revenue to the business. Patent might be a vital triumph aspect-establishing conqueror and the loser in the business competition as observed in the modeling game. Numerous factors are fundamental to change to rapid progression of competition among other companies, improved customer services, quality product, value added relationship, business-to-business, electronic commerce as well as pressure for the worldwide free market. The benefit of information technology to the company is that it will enhance the unprecedented chances to suppliers, the purchasers, and other external parties. The benefit will aid the company to assosociate as well as determine the jointly cost-effective association. This therefore makes the company expand its territory as well as exploit other business environment and consequently the growth of the business will be observed. the advantage of the busies simulation model is that ,it provides managers with a conducive background to business situation as well as the state of financial performance of the company and factors to be considered in making an informed decision on the company performance and the way forward towards that the company remains the leading business in a competitive market. The presence of information technology ability must change the design of the business processes. Furthermore, the latest type of information system model ought to be redesigned. The structure of information system model might be separated into static as well as dynamic. The static structure of model entails the function of human as well as other resource while the dynamic part entails the data, processes, as well as events. The dynamic structure of information system requires the accomplishment of process oriented approach and tool. The process model are rarely developed using the graphical to that depicts the business processes, activities as well as participant with diagrams and process chart. A benefit of the tool is that they are not in a good position to execute the process assessment. Process modeling tool ought to able to depict inter-correlation between the processes as well as to conduct a decomposition of the processes. These tool ought to aid users to perform what if assessment as well as identify and map no value, expense as well as the process perfoamance. When the above strategy is fully adopted by the company, the growth of the business will rapidly exist and consequently, the reported revenue will increase from the present position due to integrated connection between every department as well as the external parties of that are directly connected with the company and its business operation. The advantage of simulation modeling is that it plays a key role in modeling the business process in order to ensure the best of our least available resource is capitalized in the business in order to ensure that business is operating profitable and above other operating in the same market. This is due to the fact that that the model appreciate the use of qualitative and quantitative assessment on impact of the redesigned process on system performance. The simulation of business processes depicts one of the very broad employed application of operation research as it permits comprehending the importance of business system, recognizing chances for change as well as assessing the effect of anticipated changes on major performance indicators of the business. The design of the business simulation model is anticipated as appropriate tool for the business success in a competitive environment. The mole will integrate the expense as well as impact of business process and system implementation as well as permits for testing and examining the alternative venture. The advantage might be directly appraised as well as anticipated, but intangible advantages are hard to quantify. Other advantage consequential from the business modeling has lead to enhanced image of the business as whole, improved market share ,enhanced association with business partners as well increased client contentment on the company’s product. The study examine the advantage as well as the result of the existing business process and performance in terms of cost saving, time management ,reduction in workload as well as the level of production output by way of revenue increase. This factors is appraised using the business simulation model and result can be relied in making an informed investment decision since, the model provides an overview of the business situation as well s areas that need correction or enhancement. This process will therefore making the business sustain fierce competition from the rival in the very changing market. Conclusion The current business world commands the use of latest production technology if the company is to survive in the fierce business situation and competition from other companies in the same industry. This therefore commands the use of business model in performing business since, internet and World Wide Web together with rapid change in technology as well as the present market situation is complex and thus business model will be an i9deal option for assessing and appraising the business performance. The corporate value chain connection dissimilar processes as well as players in the sphere of influence if latest business technologies. Consequently, most traditional companies will not in a good position to execute trade in an old manner. One of the approach of achieving these objectives is business process modeling. That employs extra characteristic inclusive in simulation modeling approach. In the study, virtual project of business-to-business accomplishment is assessed and two differing situation is compared. The business process modeling as well as discrete-event simulation confirmed to important system for understanding the realistic business value. Internet is an important in the current business trend. The acceptance of the simulation model by company might aid to get rid of various key business errors such as the lack of knowledge of the chances existing to business as a result of implementing the e-commerce, lack of expertise on the side of workers on the knowledge of business process as well as huge initial outlay connected to business process recognition, assessment as well as difficulty in forecast precisely the result of a radical change and to appreciate the dynamic nature of the processes. For a company to exist in fierce business environment, company must progressive enhance their business processes. The E-business of very sizes to create lasted E-business models which implies improving as well as changing the manner in which business operate and associate with business partners clients and suppliers. It is evident that the creation of models of business process before the fundamental change might improve the success of the business. Simulation has a significant responsibility in modeling as well as appraising activities in the business because it enhance the quantitative approximation of influence of the redesigned processes on system performance within the business environment. In order to remain valid in a competitive economic market, the business must therefore reengineer its business process. this can only be achieved by practicing business processes reengineering process (BPR).This is an organizational approach that requires thorough revamp of the business existing operation so as to attain a higher production and operation efficiency ,improved quality of the product s well as extra competitive production. The process has turn out to be one of the very famous subject in the business management creating latest approach to doing business. Numerous companies have appreciated BPR process to enhance their operation and improve their production capacity as well as gain the competitive advantage. This factor makes the business exist in the competitive market. Nevertheless, in spite of companies involved in re-engineering the rate of achievement of the re-engineering project is less than average (50%).Some of the regularly outline problems connected to the BPR entail inseparability to precisely forecast the result of a fundamental change’s intricacy in capturing the present processes in a structured manner, deficiency of innovation in process redesign, the level of expense incurred by putting into practice the latest process or incapability to practice the dynamic nature of the process. It is clear that E-commence may lead to numerous benefit to a business, Nevertheless, present realistic business application haven’t always been in a position to deliver the advantage they assured in hypothesis. before adopting the latest business technology, a company must appraise the expense required for setting up as well as the maintenance cost mandatory for infrastracture as well as they must make a comparison with the anticipated advantage. Even though the appraisal of other options may be hard, it is important since it minimizes the threat connected to the business process reengineering if the compared is going to adopt the strategy in order to ensure that it remain valid in a fierce economic market with ever changing technologies. The overall situation of the company depict a going concerns option and thus the business should consider employing the latest production technologies in order to improve on the level of revenue, the return inequity as well as minimize the production and operation cost associated with every unit of production. Other business in the same industry competes with the company in order to remain strong in the market and they may appreciate the business model strategies to remain firm in a competitive business environment. The company should therefore reengineer the existing production process in order to guarantee on the product quality and efficiency in production if the business is to be a price leader in the market. Read More