Discuss the basic strategy you used in your company

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Reference no: EM132083945

Instructions

For the signature assignment you will write a paper where you analyze the eight rounds of your company's performance in regard to the following:

A description of the industry conditions when you started

Strategies used in each round (and any adjustments made throughout) in regard to: Discuss the basic strategy you used in your company (these include the different types of cost leader and differentiation strategies)

Research and Development
Marketing
Production
Finance
Human Resources
Total Quality Management

Compare the state of the company after the end of the eight rounds with the state of the company prior to starting. Is the company in better shape? How so? Are there areas where there still needs to be improvement? What would you change to improve those areas?

Although you did not have to expand internationally in the simulation, many companies are now global organizations. How would international expansion have affected the company in terms of marketing, finance, and human resources?

Social responsibility is a very large factor in organizational success today. What measures would you have taken with this organization to ensure social responsibility in production and research and development? What marketing strategies would be most important in ensuring stakeholders have a full understanding of your company's social responsibility efforts?

Overall, what, if anything would you have done differently if you had this company to run all over again?

Length: 5 - 7 pages not including title page and references

Your response should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Please use at minimum of three outside scholarly sources for support.

Verified Expert

Increasing competition in the business has raised the demand for efficient functioning, which has enabled companies to strategies ways of improvement in their functional procedures. In fact, growth in the business is a collective effort that can only be achieved if the link between employer and employees is string. As known, every organisation has its set target that demands well planned procedures and this can be done by keeping a track of latest technical developments. It requires active participation of employer and employees on a regular basis for working effectively on the set targets. This paper discusses about the current state and future state of the organization. It identifies major challenges from different perspectives and thereby provides appropriate recommendations. This paper is written in Microsoft Word Document File.

Reference no: EM132083945

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