FERRIS DEBREIFING Stephanie Bohm Jessica Burris Eileen Kuchera Christine Wefel Jason Windorski
REVIEW
Continued
PERFORMANCE ANALYSIS
MARKET SEGMENT Competitors stocked out, allowing us to sell more of our product
CRITICAL ROUNDS Round 4 Material Cost reduction: 5.86% Labor Cost reduction: 7.22% R&D Cycle time reduction: 30.30% Administrative Cost reduction: 47.54% Demand increase: 7.69% Round 6 Material Cost reduction: 11.08% Labor Cost reduction: 13.29% R&D Cycle time reduction: 40.01% Administrative Cost reduction: 60.02% Demand increase: 13.78%
WHAT WE HAVE LEARNED The importance of working as a team rather than working as individuals Everyone’s input is important whether we disagree or not Researching any decision is a pertinent step in any business decision Every decision made had an effect on other decisions How to analyze various accounting reports (income statement, cash flow, balance sheet)
PROJECTION AND AREA STRENGTHS
Research & Development
Market Share
Production and Profit CompanyRd 1Rd 2Rd 3Rd 4Rd 5Rd 6Rd 7Rd 8Cumulative Andrews$2,515$5,094$2,429$5,942$2,512$6,277$4,280$0$29,049 Baldwin$2,158$6,219$3,951$3,174$6,170$2,329($2,398)$0$21,603 Chester$2,225$826($643)($169)$5,101$4,895$17,051$0$29,286 Digby$2,286$2,584$2,022$1,821$5,890$48$5,031$0$19,682 Erie$3,102$5,654($10,763)($10,120)$2,634$3,134$8,148$0$1,789 Ferris$884$3,121$4,700$3,205$8,986$20,545$15,402$0$56,843
Finance
What would we do differently? Greater Contribution Margin Reduce Costs Increase Selling Prices
Team Performance StrengthsWeaknesses Team decisions Product met ideal guidelines Specialization Specific meeting times Individual decisions during practice rounds Investment practices
Team Atmosphere Specific meeting times Utilization of special expertise from all members Review of reports together
References All graphs and charts are from Capsim Management Simulations Inc. (2010). Foundation. Retrieved May 2, 2010, from Capsim website: Main.cfm Main.cfm