Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

The Business Strategy Game - Admission/Application Essay Example

Comments (1) Cite this document
The paper explores Business Strategy Game as one of the best management games that bring virtual reality to business theory. The game was an eye-opening lesson on the impacts of business decisions, the need for organizational strategy, and the appropriate response to changes in the marketplace…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.5% of users find it useful
The Business Strategy Game
Read TextPreview

Extract of sample "The Business Strategy Game"

Download file to see previous pages It is clear from the discussion that the main strategy used by Big Foot all through the game was best price strategy. Placing our products in the competitive market, ensuring that the price was viable was the only way to achieve maximum profitability of the business. Notably, this was part of the 3-year strategic plan developed by the entire team. Price-concentration was highly effective, and as evidenced by its outcomes, Big Foot footwear was always at the top of all other groups, controlling a sizeable market share, which by 2015 was as high as 51.07%. Concentration on one strategy assisted the organization to maintain increment in value all through the 5 periods it was operational. Most of the applied strategies in the game were all courtesy of the MBA program. Some of the most valuable theories that I learned in when pursuing my masters were the strategies needed for one to compete in a global market. One of the crucial theories learned in class applicable in any business environment is the Porters 5 forces of industrial analysis. Porters five forces were largely applicable in the BSG online game in that understanding the various tools for industry analysis, comparing the success levels of the competition and as well as the prices were largely used through the development of the business strategy for Big Foot company. The applicability of Porter's 5 forces in any given industry is crucial in the deciding of the business strategy. In the case of Big Foot, for instance, understanding the power of suppliers solely relied on two features which were quality and price (Spulber, 2009, 262). The threat of substitutes is entirely reliant on the price strategy. With our team understanding this reality, we focused all our efforts and creating the best price for the best quality product in the market. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Business Strategy Game Admission/Application Essay”, n.d.)
The Business Strategy Game Admission/Application Essay. Retrieved from
(The Business Strategy Game Admission/Application Essay)
The Business Strategy Game Admission/Application Essay.
“The Business Strategy Game Admission/Application Essay”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
alaynawest added comment 1 year ago
Student rated this paper as
The topic of "BSG game reflective report" was hard to find. I spent too much time to find it. Here at StudentShare, I got the finest sample. Many thanks!

CHECK THESE SAMPLES OF The Business Strategy Game

Business game modified assignmen

...of ?990 for a better engine and ?924 for engine size upgrades. These prices offered luxury-based philosophy that finally totalled ?17,820 as a selling price. Materials costs, however, in Round 1, continued to increase throughout the game that further changed margin and also profit before and after tax. Round 2 After the failures that occurred in Round 1 due to improper forecasting and lack of accounting oversights (plus all other aforementioned deficiencies by the business), the ultimate plan was to increase the total production of vehicles to ensure that profit objectives could be reached through revenue production. Labourers were increased and so were units of automation to assist in this objective....
17 Pages(4250 words)Essay

Rainwater Collection and Usage

12 Pages(3000 words)Essay

Business Strategy Game Report

...………………………………………………………………………….xxxxxx …………………………………………………………………….xxxxxx …………………………………………………………………………xxxxx ………………………………………………………………………..xxxxx @2013 Business strategy Game Report 1. Introduction This report will closely study and analyze the footwear company over the last 10 years. Specific years in the course of the 10 year period will be analyzed by showing the market trends. This report will also analyze critically the marketing strategy scoreboard and how they have influenced the performance of the footwear industry. Management’s decision is very crucial to the development of strategies and in the achievement of the company. Working as a team of...
6 Pages(1500 words)Essay

Contemporary Business Analysis

4 Pages(1000 words)Essay

International Business Alliance (based on the Business Strategy Game) the interface launching requirements for appropriate market positioning. Regarding management contributions, an equal number of individuals will initially be factored in, using the internal appraisal system, to enhance the firms’ relationship in the business venture. In terms of facilities, an agreement will be entered into on appropriate quantifiable venture ratios that will improve performance of the individual partners. Proposed Management Procedures A new business strategy that is unique and reminiscent of the new ambitious plan envisioned under the alliance will be formulated prior to implementation of joint operations. Both firms agree that there are unique sets of...
4 Pages(1000 words)Essay

Capacity Strategy Game Exercise

...CAPA STRATEGY GAME EXERCISE al Affiliation) Before I work out how much capa of BITS (the product) I should hold it would be wise to seek as much information as possible in order to avoid coming up with irrational decisions. The capacity I decide on should be justifiable, practical and sensible, and should take into consideration all factors that may influence the overall outcome of this exercise. It is not wise to build a very low or very high capacity, and the capacity costs must be considered as well. Focus should be placed on my ability to recoup my costs and keep my product moving out of the shelves. Building too much capacity and selling my product at a very low price would mean being in the red and...
1 Pages(250 words)Outline

An Individual Reflective Analysis: Online Business Strategy Game

...Individual Reflective Report Table of Contents Introduction 3 Online Business Strategy Game 3 Belbin’s Typology 4 Business Strategy Integration 6 Conclusion 8 References 9 Introduction The report is an individual reflective summary of my understanding and learning the course and my work life. During the discussion I will be covering the keys aspects of my learning in the BSG online games. The positive and the negative effects will be discussed in the summary. Once I am done with that I will then move on to understanding and placing myself according to the Belbin’s typology theory. I will in this part also try to highlight my team...
9 Pages(2250 words)Essay

Business strategy: Video Game console industry in 2012

... Business Strategy: Video Game Console Industry Introduction Nintendo was successful in dominating the videogame console industry between 1985 to 1995 (Grant 604). Between 1999 to 2005, Sony publicly launched its PlayStation 2 (PS2) whereas Microsoft was focused on improving its technology used for Xbox (Grant 605). To compete with Sony’s PlayStation 3 (PS3) and Microsoft’s Xbox 360, Nintendo purposely created and marketed its Wii in 2012 (Grant 605-606). In 2012, Nintendo is still active in the game console industry. However, Nintendo’s Wii game console was overshadowed by Sony’s PS3. Even though Nintendo’s sales unit was higher as compared to Sony PS3 and Microsoft’s Xbox 360, the revenue of both Sony and Microsoft was higher... drive)...
5 Pages(1250 words)Case Study

Managing Strategy--Business Simulation Game

...Managing Strategy--Business Simulation Game Introduction The advancement of technology is recognized to be a significant aspect for the modern society. It is also stated that the globalization in world business industry has been largely initiated with the help of technological innovation. One of the most appropriate examples of innovation of technology through globalization is the establishment of e-commerce. The implementation of e-commerce has eliminated the traditional way of trading process in a widespread manner (Bryce & Rutter, 2001). It has been observed that in the contemporary era, people prefer the digital gaming concept more than the traditional gaming concept. Currently the concept of computer gaming are grabbing... . The...
14 Pages(3500 words)Book Report/Review

Business Strategy and Business Game

...Business strategy-business game Contents Introduction 4 Generic strategy 4 Industry overview 4 PESTEL Analysis 5 Porter’s five forces 8 Company overview 10 SWOT analysis 10 Company decisions 10 Year 1 11 Year 2 12 Year 3 13 Year 4 13 Year 5 14 The initial strategic direction 15 The final results 15 Underlying strategic principle 16 Key learning outcomes related to strategy 16 Reflections and Conclusion 16 References 18 Appendices 20 Appendix 1: Year 11 20 Appendix 2: Year 12 26 Appendix 3: Year 13 31 Appendix 4: Year 14 37 Appendix 5: Year 15 47 Introduction The company APanda Shoes is analyzed through the use of...
12 Pages(3000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Admission/Application Essay on topic The Business Strategy Game for FREE!

Contact Us