Mikes Bikes Essay

Instructions: Complete a five year simulation, and answer the following questions on the actual approach you used for the simulation. You may type your answers directly on this form, but the completed document must be 2-3 pages in length (please do not change the margins). Due November 25, 11:59pm

“When the simulation began, we felt confident in our team’s vision, goals, and strategic plan. After the first rollover, we quickly became aware that the success of a company relies heavily on the dynamics of the market. The strategic decisions of competitors weigh heavily on the overall direction of a company. Our original plan quickly became obsolete in the tumultuous bike industry, and we were forced to re-evaluate our competitive positioning. To this end, we learned

Bikes Bikes Bikes is a company that aims to produce the highest quality mountain, road,

|This is a report of the company named JayHsquared which contains decisions made |JayHsquared |

My analysis is on the film The Goonies. While I view the movie and determine the various norms, behaviors, roles and interaction between group members, as well as individuals the examination within the realm of film can present many of the same components. Thus, our group selected this movie to analyze based on its formation of a cohesive problem-solving group full of unforgettable characters. The Goonies portray many different theories and aspects of small group communication.

Question #1 If you were CEO of Harley-Davidson, how would you compare the advantages and disadvantages of using exports, joint ventures, and foreign subsidiaries as ways of expanding international sales?

There are many problems that hinder good group dynamics. We don’t usually have the luxury of picking who we are going to work with on a team; dealing with different personalities and personal agendas are common challenges in working within a team. Other commons challenges like, poor leadership, bad communications, and lack of focus can be helped or eliminated by establishing team roles.

From the industry benchmark report for 2014, (appendix) between the year 2013 and 2014 our share value increased from 15.80 to 27.04 placing us ahead of everyone in our world. That is an increase of 172%. From out firm reports (appendix), our net income of 2,764,446 unfortunately fell short of our profit forecast. of 3,501,014. Even though our share holder’s value was the highest amongst our competitors, our profit before taxes was second to Bikes ‘R’Us by a total of $450,000. They had a profit of 4,339,987 while we only had a profit of 3,949,209. A part of the reason why our net income didn’t meet our forecasts and profit before taxes fell short of Bikes’R’Us is due to

As part of my Business Innovation Development Project Unit, I had the opportunity to put myself into group with my friends or people I believed I could work well with. In the first stages of our group we all tried to get to know each other more through analysing personality and learning types’ test that we previously undertook. I realise we were going through the normal stages of the team formation in particular forming and norming (Tuckman, 1965). In my assignment group we had all Belbin team roles which helped us perform well throughout our project and also helped us to identify other team members’ behavioural strengths and weaknesses. During the initial stages of the group getting together I believed it was

Throughout the readings communication was identified as a vital component for establishing and maintaining relationships. Porter-O Grady sanctioned for leaders to establish firm rules of engagement to help support a positive group dynamic (2013). While Kelly & Tazbir explained that friction and conflict were a normal part of group development and were representative of the Storming stage of group process (2014). Moreover, they explained that with assistance from the team leader the team can overcome these obstacles, strengthen inter-professional relationships, and enter into the Norming stage (Kelly & Tazbir, 2014). Here the team is able to participate in the effective exchange of communication and begin making progress toward goals. This represents progression into the Performing stage of group process (Kelly & Tazbir, 2014). When the team has met its intended target they are ready to anylze the outcomes of their work and enter the final stage of group process—Adjourning (Kelly & Tazbir,

Jerry and Elaine went to a store which has a lot of antique staffs, and a lady’s bicycle with a pink frame and a basket caught Elaine’s eyes. Elaine decided to take the bike from the wall by herself. And then, Elaine fell backward because the heavy-weight bicycle. Besides, the backward falls resulted in impact to her neck, which made her painful. Because of that pain, she said the first person who heals her neck can get her bicycle. At that time, Kramer stayed at the house and heard the word that Elaine said. He said that he knows shiatsu and he can help Elaine. And then he really healed Elaine’ neck. After, he said that Elaine can give her bike to him any time. However, Elaine explained that what she said is just a joke, but Kramer took it seriously and he thought they had a deal. In addition, Elaine thought the treatment process took less than 10 seconds, so it was not worth a bike. Finally, Kramer avoided Elaine and took the bike without authorization. After few days, Elaine’ neck was get injured again when she was ready to get up. She went to Jerry’s house to argue with Kramer and thought Kramer should got back the bike, but Kramer said that was Elaine’s fault because she did not sleep in a wooden board for a week. They could not figure out a good way to solve the dilemma. In order to judge the owner of the bike, they decided to find an impartial mediator.

Competition being one of the major issues that often must be addressed in the business world, it is important for a firm to learn on ways to reduce the impact of the competition. Competition is definitely an important factor in helping a business

Northcutt Bikes is a bike manufacturer and a service provider of bike parts to the many retail businesses that sell Northcutt bikes. Northcutt Bikes has a warehouse that is 95% utilized however they have an order fulfillment rate of less than 80%. This has caused a loss of revenue due to orders being cancelled when needed parts are not in stock. To resolve the problem, we looked at 3 alternatives including establishing pooling groups within the same geographic region, establishing a continuous review inventory management system or staying the course. Our recommendation is to establish a continuous review inventory system that will reduce unnecessary inventory, increase needed inventory and improve service levels.

To reflect, this was quite demotivational as we moved down many positions relative to our competitors. What I learnt from this is that although competition at times is healthy, it can become a detrimental force to learning if the goals of the competition are not carefully aligned with learning

Since prospector should be highly innovative and analyzer’s domain is a mixture of stable and changing product or