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FERRIS DEBREIFING Stephanie Bohm Jessica Burris Eileen Kuchera Christine Wefel Jason Windorski
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REVIEW
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Continued
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PERFORMANCE ANALYSIS
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MARKET SEGMENT Competitors stocked out, allowing us to sell more of our product
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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%
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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)
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PROJECTION AND AREA STRENGTHS
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Research & Development
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Market Share
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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
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Finance
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What would we do differently? Greater Contribution Margin Reduce Costs Increase Selling Prices
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Team Performance StrengthsWeaknesses Team decisions Product met ideal guidelines Specialization Specific meeting times Individual decisions during practice rounds Investment practices
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Team Atmosphere Specific meeting times Utilization of special expertise from all members Review of reports together
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References All graphs and charts are from Capsim Management Simulations Inc. (2010). Foundation. Retrieved May 2, 2010, from Capsim website: http://www.capsim.com/menuApp/student Main.cfm http://www.capsim.com/menuApp/student Main.cfm
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