Deliverable Length: 4 To 5 Slides And Speaker Notes

Deliverable Length 4to5 Slides Speaker Notesas You Begin T

As you begin the first round, you will need to revisit the six basic strategies from the practice round. Evaluate the results of your decisions from the practice round. As a team, you need to discuss these results and decide which strategy you will choose for the first round. Each member of the team should review the strategy for his or her role, and then a consensus decision needs to be made on the overall strategy for the first round. Task Assignment Part 1: Team Participation to Begin the 1st Round Log in to your account from the CAPSIM home page. Click on the Capstone® logo. Click on Launch the Web Spreadsheet. Select "Work on My Company’s Official Decisions." Enter your user ID and password. Begin competition for round 1. Go to "Decisions," and start making decisions.

Paper For Above instruction

The initial phase of a competitive simulation, such as the CAPSIM Capstone game, demands strategic planning and effective team collaboration. Starting with a thorough review of the six basic strategies used during the practice round is essential. These strategies typically include high-end differentiation, cost leadership, niche focusing, or other competitive approaches, each with its own implications for decision-making.

Evaluating the practice round results allows the team to identify strengths and weaknesses in their previous decisions. For instance, if the team observed that their costs were higher than competitors or their products failed to meet customer expectations, adjustments might be necessary to better align with their chosen strategy. This analysis should encompass financial metrics like profitability, market share, R&D investments, and customer satisfaction scores.

Team discussion is crucial in synthesizing individual insights and experiences. Each member must review the strategy relevant to their role—be it marketing, production, finance, or R&D—and assess its effectiveness. Combining these perspectives facilitates a comprehensive understanding of the overall strategic positioning. Consensus decision-making ensures that the entire team aligns on the chosen approach for the first round, fostering coordinated implementation.

Practical steps to initiate the first round involve logging into the CAPSIM platform through the Capstone® login portal. Navigating to the Web Spreadsheet allows team members to access their company's decision-making interface. Inputting user credentials securely grants access to the official decision module, where initial strategies can be applied. Beginning the competition entails selecting the "Decisions" tab and making informed choices regarding production levels, marketing spend, R&D projects, finance, and other operational parameters.

This structured approach ensures systematic analysis, strategic alignment, and coordinated execution, which are essential for competitive success. Effective communication during this phase emphasizes the importance of synchronized efforts across roles and functions, setting a foundation for continuous improvement in subsequent rounds.

References

  • Graham, J. R. (2019). Strategic Management and Business Policy. Pearson.
  • Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2020). Strategic Management: Concepts and Cases. Cengage Learning.
  • Capstone Simulation (2023). CAPSIM Decision Making Platform. Retrieved from https://www.capsim.com
  • Porter, M. E. (1985). Competitive Advantage. Free Press.
  • Wheelwright, S. C., & Clark, K. B. (1992). Revolutionizing Product Development: Quantum Leaps in Speed, Efficiency, and Quality. Free Press.
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  • Barney, J. B., & Hesterly, W. S. (2019). Strategic Management and Competitive Advantage: Concepts and Cases. Pearson.
  • Kim, W. C., & Mauborgne, R. (2015). Blue Ocean Strategy. Harvard Business Review Press.
  • Kim, W. C., & Mauborgne, R. (2004). Blue Ocean Strategy. Harvard Business Review, 82(10), 76-84.
  • Johnson, G., Scholes, K., & Whittington, R. (2017). Exploring Corporate Strategy. Pearson.

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