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MBA 524 MBA524 MBA/524 Week 6 Assignment – Strategy Simulation_2.docx

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MBA 524 MBA524 MBA/524 Week 6 Assignment – Strategy Simulation_2.docx

Week 6 Assignment – Strategy Simulation
Results
This simulation of acting as a special project manager of SmartShoe was a real eye-opener as to how managers are responsible for the financial wellbeing of their company as well as making decisions to be profitable.
My results unfortunately were not that great at all, in fact I reported a loss on both of the rounds of the simulation, but my results in round two was significantly better than the first round.

Description

MBA 524 MBA524 MBA/524 Week 6 Assignment – Strategy Simulation_2.docx

Week 6 Assignment – Strategy Simulation
Results
This simulation of acting as a special project manager of SmartShoe was a real eye-opener as to how managers are responsible for the financial wellbeing of their company as well as making decisions to be profitable.
My results unfortunately were not that great at all, in fact I reported a loss on both of the rounds of the simulation, but my results in round two was significantly better than the first round.
In the first round, my result was as follows: 3,283 units sold, quality of the shoes was 60.7 out of 100, and price per unit was $45.86. My income statement revealed that myexpenses exceeded my sales by $78,450.00 and thus I reported a loss on my income statement.
During the second round, I was able to fix some of my mistakes such as the factory input and station utilization which I will explain later.
The results from the second round were as follows: 4,024 units sold, quality of shoe was 75.8/100, price per unit was $93.44, cost of each unit was also $103.99.
Further, the loss that was reported on my income statement was – $42,471.00 which was not great, but it was better than the original loss in round 1.
Strategy and Cause of Results
In round one, my strategy and target was to make just enough units with a good portion of quality to not overdo it at first. I targeted 4,000 units with 80% quality as that would be a good first target in quantity and quality. Additionally, I chose to produce the shoes in batches as I was

MBA 524 MBA524 MBA/524 Week 6 Assignment – Strategy Simulation_2.docx

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