Capsim CT wk 5 Mini-Case Study “Finance”- Due in 5 hours

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17MGT481_Team_Charter_Andrews10-20UL.docx

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TEAM CHARTER

Course Title

Capstone - Business Policy Development and Implementation

All team members participated in the creation of this charter and agree with its contents X (Please check)

Learning Team Goals/Business Strategy

Team Goals	Barriers	Status
Suggest working together at the beginning at the week, to meet weekly discussion forum requirements.	Distance, remote calls, time management	Pending
Learn program sections (R&D, Production, Finance, etc.). How are these pertinent to the development of our business plan?	Time management, knowledge base	Pending
Develop task assignments list – these are in the Team Action Items List	Learning Capsim, understanding requirements to define tasks	Pending
Business Goals/Strategy	Barriers
Define business strategy	Risk aversion vs. all in money grab. Team must be on same page with business plan	Pending
Do not get an emergency loan! Watch out for project failure.	Business plan failure, ensure effective monitoring of plan	In Progress
Produce appropriate inventory based on sales projections.	Unknown competition, technology advances from our competition	Pending
What is your team’s strategy for going to market? Did you choose to pursue a low-cost approach, a differentiation strategy, or to create a niche? Leaning towards Low-Cost.	TBD	In Progress

Team Action Items

Meeting Scheduled	Location (Cell, Email)	Agenda Items (Task or Discussion)	Tasked To	Due Date	Completed?
Week 1 – (N/A)	N/A	1) Individual course assignments; no team requirements	1) Individuals	1) 10/15	Yes
Week 2 – (10/22)	2nd meeting Call (224) 225-1234 code 408415	1) Complete Team Charter a) Send out conference call # 2) Simulation Team Practice a) Send out WebEx Invite for 10/22	1) Team a) Michael 2) Team a) Cindy	1) 10/22 2) 10/22	1) Yes 2) No -a Y
Week 3 – (10/?)				1)
Week 4 – (11/?)				1)
Week 5 – (11/?)				1)
Week 6 – (11/?)				1)
Week 7 – (11/?)				1)
Week 8 – (12/?)				1)

Conflict Management

1) Communicate issues to entire team so ALL members are aware of the problem. Start with a text, and escalate with an email as needed.

2) Disagreements will be resolved with a majority vote.

Reference Section – Weekly Discussion Form Assignments, highlight items applicable for team assignments

10/26

· What type of a culture do you want to develop?

· How will your culture impact the primary resources used in the production process, human resources, raw materials, and capacity?

· Ensure that your culture will support your chosen strategy discussed in Module 2.

11/2

Organizational culture will reflect the mission, vision, and goals of the owner or CEO. Culture can support employee engagement, innovation, and creativity. A healthy culture can support the alignment of company goals with daily activities, such as production. Reflect on the diversity of individual talents and strengths on your Capsim team:

· Identify five points that you believe are most important to your organization.

· Explain why you have chosen each of those five points.

· What organizational barriers must be overcome?

· How would you address the barriers and what might the expected results be?

11/9

Consider the four key perspectives of a balanced scorecard applied to your Capsim competition: (1) the learning and growth perspective, (2) the business process perspective, (3) the customer perspective, and (4) the financial perspective. Then respond to the following:

· Provide an overview of an organization you are familiar with or one that you researched. Include in your overview statistics that describe the organization, such as its product/service, size, and number of employees.

· Discuss whether the four key perspectives are relevant to that organization.

· How can you utilize the four key perspectives to analyze and improve your Capsim simulation rounds?

11/16

Porter’s Five Forces model is a well-known approach to developing a sustainable competitive advantage. For a company to develop a competitive advantage, however, the four functional areas, as described in Chapter 2, and the employees must effectively work together toward shared goals and manage the complex interactions of ideas, people, and capital. Address the following:

· Describe your Capsim team’s experience with the interactions of your team’s functional areas.

· What sustainable competitive advantage were you able to develop, if any?

· How did your team balance the needs of internal and external stakeholders?

· What are the marketing realities your team faced and how did you address them?

11/23

One of the goals of the Capsim competition was to give you experience in manipulating the levers of control that drive a business. However, there are ethical and social responsibilities that extend beyond a company’s need to earn a profit. If you were to compete in a Capsim competition again, how would you ensure that your team incorporates the Triple Bottom Line of financial, environmental, and social performance?

· Describe what your triple bottom line goals might look like.

· How would you measure the company’s performance toward those goals?

· How would you incorporate triple bottom line metrics using the Balanced Scorecard?

TEAM CHARTER

Course Title

Capstone

Business Policy Development and Implementation

All team members participated in the

creation of this charter and agree with its

contents

(Please check)

Learn

ing Team Goals/Business Strategy

Team Goals

Barriers

Status

Suggest working together at the beginning at the week, to

meet weekly discussion forum

requirements.

Distance, remote calls, time

management

Pending

Learn program sections (R&D, Production, Finance, etc.).

How are these pertinent to the development of our business

plan?

Time management, knowledge base

Pending

Develop task assignments list

–

these are in the Team Action

Items List

Learning Capsim, understanding

requirements to define tasks

Pending

Business Goals/Strategy

Barriers

Define business strategy

Risk aversion vs. all in money grab.

Team must be on same page with

business plan

Pending

Do not get an emergency loan!

Watch out for project

failure.

Business plan failure, ensure effective

monitoring of plan

In Progress

Produce appropriate inventory based on sales projections.

Unknown competition, technology

advances from our compe

tition

Pending

What is your team’s strategy for going to market?

Did you

choose to pursue a low

cost approach, a differentiation

strategy, or to create a niche?

Leaning towards Low

Cost.

TBD

In Pro

gress

eam Action Items

Meeting

Scheduled

Location

(

Cell,

Email)

Agenda Items (Task or Discussion)

Tasked To

Due Date

Completed?

Week 1

–

(N/A)

N/A

Individual course assignments; no

team requirements

Individual

10/15

Yes

Week 2

–

(10/22

)

meeting

Call (

224

)

225

1234

code 408415

Complete Team Cha

rter

Send out conference call #

Simulation Team Practice

Send out WebEx Invite for 10/22

Team

Michael

Team

Cindy

10/22

Yes

a Y

Week 3

–

(10/

)

Week 4

–

(11

)

Week 5

–

(11

)

Week 6

–

(11

)

Week 7

–

(11

)

Week 8

–

(12

)

TEAM CHARTER

Course Title

Capstone - Business Policy Development and Implementation

All team members participated in the

creation of this charter and agree with its

contents X (Please check)

Learning Team Goals/Business Strategy

Team Goals Barriers Status

Suggest working together at the beginning at the week, to

meet weekly discussion forum requirements.

Distance, remote calls, time

management

Pending

Learn program sections (R&D, Production, Finance, etc.).

How are these pertinent to the development of our business

plan?

Time management, knowledge base Pending

Develop task assignments list – these are in the Team Action

Items List

Learning Capsim, understanding

requirements to define tasks

Pending

Business Goals/Strategy Barriers

Define business strategy Risk aversion vs. all in money grab.

Team must be on same page with

business plan

Pending

Do not get an emergency loan! Watch out for project

failure.

Business plan failure, ensure effective

monitoring of plan

In Progress

Produce appropriate inventory based on sales projections. Unknown competition, technology

advances from our competition

Pending

What is your team’s strategy for going to market? Did you

choose to pursue a low-cost approach, a differentiation

strategy, or to create a niche? Leaning towards Low-Cost.

TBD In Progress

Team Action Items

Meeting

Scheduled

Location

(Cell, Email)

Agenda Items (Task or Discussion) Tasked To Due Date Completed?

Week 1 – (N/A) N/A 1) Individual course assignments; no

team requirements

1) Individuals 1) 10/15 Yes

Week 2 – (10/22) 2

meeting

Call (224)

225-1234

code 408415

1) Complete Team Charter

a) Send out conference call #

2) Simulation Team Practice

a) Send out WebEx Invite for 10/22

1) Team

a) Michael

2) Team

a) Cindy

1) 10/22

2) 10/22

1) Yes

2) No -a Y

Week 3 – (10/?) 1)

Week 4 – (11/?) 1)

Week 5 – (11/?) 1)

Week 6 – (11/?) 1)

Week 7 – (11/?) 1)

Week 8 – (12/?) 1)