StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

CAPSIM Capstone team simulation project - Case Study Example

Cite this document
Summary
Currently the profits of the company are hurt by the stock-out costs. The less market share taken by the company could be due to the poor inventory policy. The customers could have gone to buy competitors’…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.1% of users find it useful
CAPSIM Capstone team simulation project
Read Text Preview

Extract of sample "CAPSIM Capstone team simulation project"

Capstone Team Simulation Project Opportunities There is an opportunity to increase sales realized by the company. Currently the profits of the company are hurt by the stock-out costs. The less market share taken by the company could be due to the poor inventory policy. The customers could have gone to buy competitors’ products because the item was not present at the time the customer needed that product. The company should adopt a good inventory policy that will ensure that there is sufficient stock to meet the demand.

If the company takes advantage of this opportunity, the sales will increase tremendously. In addition, the market share of the company will increase. Moreover, there is an opportunity of improving the cash management. There should be a reduction in the days given for the debtors to pay the amount outstanding. This is because they are currently holding cash. Quicker payment will make cash more readily available in running the company. In addition, it would avoid situations where the company will need emergency loans to sustain the business.

Furthermore, there is an opportunity of increasing profit by reducing the variable costs of the company. In addition, the company has an opportunity to increase its market share in the low-end segment. It has the potential of having a market share of 29 percentage as compared to the current market share of 18 percentage. Besides, it has an opportunity to expand its market share in the high-end and size segment. Ultimately, the company has an opportunity to increase the efficiency of workers.

It can achieve this by allocating money in the budget for quality initiative training. In addition, there is an opportunity to gain acceptability by the community by allocating funds for the UNEP Green program. The program will make the company to exercise social responsibility, which will have positive effects to the company. Customers will feel more attached to the products of the company.Threats The market share has reduced this year as compared to other years. This means that competitors have an edge over the Chester Company.

The consumers have shifted to other products over the years. This is a threat because if the situation continues then the company will again start making losses due to poor sales. In addition, the firm’s financial structure is currently poor for the last 2 years.There is a threat of having excessive inventory levels. The company when setting an inventory policy may set a policy that will retain some stock at the end of the period. Inventory consumes cash and eats up profits made by the company.

In extreme cases, it may make a company to opt for emergency loans. For instance, in the 3rd year, it made the company to incur losses. Moreover, there is a production threat. Chester’s production capacity is excessively low as compared to Baldwin, Digby and Erie companies. Due to the less capacity, Chester achieves less production as compared to its competitors. Greater capacity and production by the competitors is a threat because they are able to meet customer needs by producing more products.

In turn, this increases the competitors’ sales. Moreover, this limits the Chester’s chance to increase its market share to exceed those of the competitors. Work Sited"Business Simulations to Develop and Assess Business Acumen Capsim." N.p., Web. 3 June 2014.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“CAPSIM Capstone team simulation project Case Study”, n.d.)
CAPSIM Capstone team simulation project Case Study. Retrieved from https://studentshare.org/management/1648644-capsim-capstone-team-simulation-project
(CAPSIM Capstone Team Simulation Project Case Study)
CAPSIM Capstone Team Simulation Project Case Study. https://studentshare.org/management/1648644-capsim-capstone-team-simulation-project.
“CAPSIM Capstone Team Simulation Project Case Study”, n.d. https://studentshare.org/management/1648644-capsim-capstone-team-simulation-project.
  • Cited: 0 times

CHECK THESE SAMPLES OF CAPSIM Capstone team simulation project

Capstone and Case Studies in Energy Technology

The aviation industry, medicine, the commercial nuclear power industry, the U.... .... avy, DOE and its contractors, and other high-risk, technologically complex industries have embraced human performance doctrines, concepts, and best practices to intentionally downgrade human error and strengthen defenses so as to minimize the risk of accidents and mishaps....
42 Pages (10500 words) Term Paper

The Capsim Business Simulation

Functional Analysis of Capsim Business simulation Name Institution Date Introduction This paper performs a functional analysis of Capsim Business simulation by firstly defining the functions and scope of responsibilities of each unit in the Capsim Business simulation.... hellip; It includes an analysis of what each function typically measures and the potential measurement issues that I encountered during the course of my simulation....
7 Pages (1750 words) Essay

Capsim Business Simulation Learning Model

The focus of the paper "Capsim Business simulation Learning Model" is on CAPSIM simulation, a learning model that dynamically engages the participants in a competitive way.... This reflective paper focuses on the different experiences with the CAPSIM simulation.... hrough the entire simulation process, I performed well and contributed equally to the decisions that we have made.... Since the success of their company is dependent on their ability to work as a team, the exercise develops and tests the student's teamwork abilities....
4 Pages (1000 words) Essay

The Coercion used in Continental Army

The Revolutionary War did not go easy on the common soldier.... Combat could be ugly--a far cry from the splendid and neat uniforms f caricature--and everyday life harsh and miserable.... Why did Americans, Continentals and militia, continue to serve Did they believe in the higher cause Did they fight, like modern soldiers, for their buddies Did they hope for reward, in the form f bounty money or land Or were they, at times, just too scared to quit Harry M....
12 Pages (3000 words) Essay

Capstone simulation

Capstone is a business simulation that aims at teaching different business strategies for companies that are competing globally (Betts & Ofori, 2000, p.... Companies that participate in the capstone simulation challenge face a scenario that is complex as well as evolving fast,… The main aim of this strategy is to bring a complete change to poor performing companies by ensuring customer satisfaction and production of cheaper products.... While carrying out strategic planning there are Factors That Need To Be Addressed When Developing a Global Strategic Plan in Capsim Companies Capstone is a business simulation that aims at teaching different business strategies for companies that are competing globally (Betts & Ofori, 2000, p....
2 Pages (500 words) Essay

Professional capstone project

The major factors Professional Capstone project of the of Professional Capstone project Human care is foundation for defining the role of a nurse within the society.... This theory will be applied in the project by implementing the proposed behaviors in the real world situation and reporting the outcomes generated.... Cioffi, Purcal and Arundell (2005), have developed a pilot study that employed a posttest designed to explore the impact of a simulation strategy on the decision making process within the clinic for nursing students....
1 Pages (250 words) Essay

The Strategy Adopted By the Capsim Company

The object of analysis for the purpose of this assignment is Niche Cost leader, the strategy that has been adopted by the capsim Company.... hellip; Based on the profitability ratios presented in the paper, it is evident that the adoption and implementations of the strategy by capsim Company have enabled it to increase its profitability.... The capsim Company has been paying its suppliers at a faster rate, a clear indication of how effective it has been in its operational strategies and goals....
3 Pages (750 words) Lab Report

An Important Role in Keeping George Washington's Continental Army

The paper 'An Important Role in Keeping George Washington's Continental Army' concerns the Revolutionary War which did not go easy on the common soldier.... Combat could be ugly--a far cry from the splendid and neat uniforms οf caricature--and everyday life harsh and miserable.... hellip; The author of the paper states that Harry M....
15 Pages (3750 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us