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i and my group already did ( the plan )and the (comparison between plan and actual) please prepare a reflection.
instructions:
OVERVIEW
•Objective
•Brief description of results
•Brief analysis of strategy
•Analysis of group inter-action
•Feelings about results achieved
•What did you get out of playing the game?
•What would you have done differently, or how would you improve?
OBJECTIVE OF THIS PRESENTATION
•This presentation is intended to provide guidance to students when preparing their individual reflections on their performance in playing the Business Simulation Game
•It is not intended to be a template
RESULTS ACHIEVED
•Describe results achieved:
–Production
–Sales
–Profits
–Cash flows
–Share price
•As part of your description use key accounting ratios, such as:
–Return on capital employed
–Return on shareholders equity
–Profit/turnover
–Stock/days or stock turnover
–Liquidity ratios
ANALYSIS OF STRATEGY
•This section describes the reasons for results achieved
•Was there a problem with the selection of:
–models
–market sectors
–designs
–options
–promotion, etc?
•Was the pricing too high, too low?
•Any other reasons?
ANALYSIS OF GROUP INTER-ACTION
•How was the group organized?
•Did each member have their own role? eg:
–Finance
–Marketing
–Production etc
•or, were no roles assigned?
•Was there a chairman?
•How were decisions reached
–by persuasion
–with a vote, etc?
•Were individual strengths exploited?
•What worked well, and what did not work?
FEELINGS ABOUT RESULTS ACHIEVED
•These will be either:
–satisfaction
–or, disappointment
•and possibly be based on comparison with planned results,
•or more likely, how well your group performed compared to the competitors in your market
WHAT DID YOU GET OUT OF IT?
There are two aspects to this:
•Technical
•Soft
TECHNICAL ASPECTS
•Have you emerged with some understanding of how to use the principles of:
–Corporate strategy
–Marketing?
•Have you emerged with an improved understanding of:
–how final accounts are used and constructed
–the difference between cash flows and profits
–how various tools of management accounting and financial management are applied?
TECHNICAL ASPECTS
•Additional marks will be awarded to students who demonstrate the correct application of the techniques of accounting and finance
•For example:
–financial viability of automation
–pricing decisions
–effect of the company operations on shareholder wealth
–determination of product mix etc etc
•Note that in order to be awarded marks each student must attach a detailed working sheet as an appendix to their reflections
SOFT SIDE
Did the process improve your:
•group working skills: were you able to make a positive contribution within your group
•communication skills, both written and oral
HOW WOULD YOU IMPROVE?
You must decide this for yourselves
INDICATIVE MARKING SCHEME
%
Description of results 10
Analysis of results/strategy 20
Demonstration of application
of techniques of accountancy and finance 20
Analysis of group interaction 5
Reflection of results 5
Benefits of playing the game 5
What would I do differently 5
Style/presentation/any other points 30
Total marks 100
Candidates submissions will vary considerably, so the above marking scheme should be regarded as indicative only.
*attached files:
1) the plan i did with my group.
2) comparison between the plan and the actual statements.
3) financial statement (for the plan)
4) instructions ( powerpoint ).
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