FERRIS DEBREIFING Stephanie Bohm Jessica Burris Eileen Kuchera Christine Wefel Jason Windorski.
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Transcript of FERRIS DEBREIFING Stephanie Bohm Jessica Burris Eileen Kuchera Christine Wefel Jason Windorski.
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FERRIS DEBREIFING
Stephanie BohmJessica BurrisEileen KucheraChristine WefelJason 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 ROUNDSRound 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 6Material 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 ProfitCompany Rd 1 Rd 2 Rd 3 Rd 4 Rd 5 Rd 6 Rd 7 Rd 8 Cumulati
ve
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 MarginReduce CostsIncrease Selling Prices
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Team Performance
Strengths Weaknesses
Team decisionsProduct met ideal
guidelinesSpecializationSpecific meeting
times
Individual decisions during practice rounds
Investment practices
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Team AtmosphereSpecific meeting timesUtilization of special expertise
from all membersReview of reports together
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ReferencesAll graphs and charts are from
Capsim Management Simulations Inc. (2010). Foundation. Retrieved May 2, 2010, from Capsim website: http://www.capsim.com/menuApp/studentMain.cfm