Evaluate and reflect on the experience in running a company

Assignment Help Management Theories

Reference no: EM132878821

BS7026 Fundamental of Business report

Assignment Task

You are asked to evaluate and reflect on the experience in running a company using SimVenture while in a team.

You will evaluate 5 business elements (Marketing, Finance, Operations, Technology, HR) reflecting on the Theory learned in class applied to your SimVenture business practice.

You must demonstrate how the theories learned in class were used in their activities within the business game and how the outcomes were affected either positively or negatively.

Academic references must be used where relevant to demonstrate greater understanding of the subject.

Background/Context

Assessment is based on a business simulation model from SimVenture. Focused on the first 6 months of a company's life, Students must think about almost all aspects of start-up and small business management. Juggling money, time, skills, stress and tiredness, students must analyse all available information, make decisions and deal with arising consequences.

Incorporating key employability skills as part of the learning, the team-based activity has included the development of: Self - management, Team working, Business and customer awareness, Problem solving, Application of numeracy, Application of information technology, Positive attitude, Entrepreneurial skills.

Reference no: EM132878821

Questions Cloud

Prepare a fully classified statement of profit or loss : Prepare a fully classified statement of profit or loss for January and a classified statement of financial position at the end of January.

Describe the rule of gunner and murray : 1. Efficiency market hypothesis in relations to business law is a contemporary area of study in the modern economics mores concerning the trends in the field

Do you think his complaint would be successful : Richard worked in the detailing section of the employer's small car wash and car detailing business. Paid strictly on commission, he earned approximately

Explain the recruitment and selection process : Briefly and logically explain the recruitment and selection process Jill should undergo to fill up the FDO position.

Evaluate and reflect on the experience in running a company : Evaluate and reflect on the experience in running a company using SimVenture while in a team - demonstrate how the theories learned in class

Identify the legal issues our employees conduct : Workers die because manager, Vadim Kaznelson, did not ensure the workers were wearing safety harnesses

Relevance of training and development for organisations : In times of crisis, training and development activities generally take a back seat.

Design a survey regarding attitudes : Design a survey regarding attitudes and/or engagement. Submit a word document with the survey and the answers to questions 1, 2, and 3.

Discuss the different ways that employees can be trained : 1. EHR systems are being implemented across the United States. What are the positives and negatives of this trend? What is meaningful use?

Reviews

len2878821

5/6/2021 5:07:09 AM

U know simventure It’s like an simulation game Share the situations that I faced with team and brief information on 6 months report and strategies we used and discussions & arguments we faced in roles like between marketing manager and finance manager And our experience should be shared and that will help to real life should tell

Write a Review

Required(*) Message

User Account

All Pages