Simulation activity
babu.management
Maram_simulation_week4.xlsxSalaryWorksheet
| Business Ethics Simulation Salary Worksheet | |||||||||||||
| From MindTap Pre-Test | Knowledge Questions | Ethical Decisions | |||||||||||
| Salary Goal | Promotion Goal | Starting Salary | # of Correct | # of Unethical or Illegal Decisions | # of Correct / Ethical Decisions | Ending Salary | Job Title | Time with Family (9 am - 9 pm) | |||||
| Week | Key | Each chapter | Enter from MindTap, Select from list | $35,000 | 4% salary increase each | minus $3,000 each | 4% salary increase each | Calculated automatically | see Promotion table below | Select from list | |||
| 0.04 | -3000 | 0.04 | Associate | ||||||||||
| 1 | Chapter 1 | Age 23 - 25 | $35,000 | 3 | 0 | 3 | $43,904 | Associate | Yes | Sales Manager | |||
| 1 | Chapter 2 | Age 26-28 | $ 38,500 | Sales Manager | $43,904 | 3 | 0 | 3 | $55,073 | Sales Manager | 30% with family | No | Product Manager |
| 2 | Chapter 3 | Age 29-31 | $55,073 | 3 | 0 | 3 | $69,084 | Sales Manager | Regional Manager | ||||
| 2 | Chapter 4 | Age 32-35 | $ 41,500 | Product Manager | $69,084 | 3 | 0 | 3 | $86,659 | Product Manager | 30% with family | Vice President | |
| 3 | Chapter 5 | Age 36-38 | $86,659 | 3 | 0 | 3 | $108,705 | Product Manager | |||||
| 4 | Chapter 6 | Age 39 - 42 | $ 74,000 | Product Manager | $108,705 | 2 | 1 | 4 | $132,705 | Product Manager | 30% with family | ||
| 4 | Chapter 7 | Age 43 - 46 | $132,705 | 3 | 0 | 4 | $172,411 | Product Manager | |||||
| 5 | Chapter 8 | Age 47 - 50 | $ 110,000 | Regional Manager | $172,411 | 2 | 1 | 4 | $212,516 | Regional Manager | 30% with family | ||
| 6 | Chapter 9 | Age 51 - 53 | $212,516 | 3 | 0 | 3 | $266,580 | Vice President | |||||
| 7 | Chapter 10 | Age 54 - 57 | $ 142,500 | Vice president | $266,580 | 3 | 0 | 4 | $346,341 | Vice President | 20% with family | ||
| 8 | Chapter 11 | Age 58 - 60 | $346,341 | 3 | 0 | 3 | $434,450 | Vice President | |||||
| 8 | Chapter 12 | Age 61 - 62 | $ 250,000 | Vice President | $434,450 | 3 | 0 | 2 | $525,511 | Vice President | 20% with family | ||
| Pre/Post Tests | Score | 0 | 46000 | 42500 | 38500 | ||||||||
| Pre-Test Knowledge Questions | 100 | Acme Promotion Path | Salary | Ethical Decisions | 1 | 59000 | 51000 | 41500 | |||||
| Post-Test Knowledge Questions | Associate | 0 to $49,999 | < 5 | 2 | 105000 | 74000 | 51000 | ||||||
| Sales Manager | $50,000 | 5 | 3 | 189000 | 110000 | 62500 | |||||||
| Product Manager | $100,000 | 10 | 4 | 207000 | 142500 | 81250 | |||||||
| Regional Manager | $175,000 | 20 | 339000 | 250000 | 225000 | 175000 | 100000 | ||||||
| Vice President | $225,000 | 30 | |||||||||||
| 0% with family | |||||||||||||
| 10% with family | |||||||||||||
| 20% with family | |||||||||||||
| 30% with family | |||||||||||||
| 40% with family | |||||||||||||
| 50% with family |
Week 2 Performance Review
| Week 2 |
| Business Ethics Simulation Performance Review Self-Assessment |
| Simulation Years 23-35 |
| The following questions are designed to help you reflect on your performance in the Business Ethics Simulation. Complete the Business Ethics Simulation Activities for weeks 1-2. Then, complete this performance review self-assessment as if you are filling this out for your performance review at ACME Corporation. You complete Performance Review Self-Assessments in weeks 2, 4, 6 and 8. Think about your results for weeks 1-2 in the simulation, progress you’ve made and any areas for improvement. Answer each question in 1-2 paragraphs. |
| 1. What were your goals from the Pre-Test ACME (salary, promotion, work/life? How did your results in years 23-35 measure against my goals? |
| I would like to start as an associate at the age of 26 with $34000 and become a sales manager at the age of 32 for a salary of $41000. At the age of 38, I would like to become a product manager with an earning of $72000. As designation increases responsibilities increase and also pay I would like to become a regional manager at the age of 42 with a salary of $105000. Then to become a vice president at the age of 50 with a salary of $160000. This helps me retire at the age of 62 with a salary expectation of $200000 and also with helpful retirement plans. This way I am trying to plan for growth in my career every 6 years as an average. It helps me in gaining knowledge and experience in all these years to climb to all the positions I am looking for. This helps in taking the right decisions when we are in higher positions. Family support helps me in achieving all these goals so I want to spend a considerable amount of time with family. I would like to spend 40% of the time with my family and rest 60% with my work. I started off as an Associate with salary of $35000 at the age of 23 and my salary goal at the age of 26 is $$38500 but my results turned out to be as an Associate at the age of 25 with salary $43904. sales manager at the age of 28 with salary $55703. At 31 as sales manger with $69048. At 35 as product manager with $86659 salary. |
| 2. What unethical or illegal decisions did you make in years 23-35? Why did you think they were ethical/legal? |
| I have not made any unethical or illegal decisions in years 23-35 because I am very deligent at my choices and decisions. I have gone through all the documentation for the value systems and professional ethics to completely understand concepts and to put them into real time. Ethical simulation activities helped me here to apply concepts to test my knowledge. |
| 3. What changes (if any) would you like to make to your salary, promotion, and/or work/life balance goals? |
| I would like to make few changes to my salary, promotion and work/life balance after working on simulation activities. I would like to change my salary to $55073 from $38500 at the age of $28 because I believe decision making help me here to add up points to achieve this goal. This gives me a promotion to Sales manager. work life balance still i want to maintain it to 70/30 as i am at low-mid level seniority category. |
| 4. What can you do to improve in my simulation performance? |
| To improve in my simulation performance I have to read the data and documentation more deligently not to make any mistakes in the simulation activites. This helps in scoring more points and increasing simulation performance overall. |
| 5. What are the different stressors in years 23-35 that you discovered that affected your morals and ethics? Explain why. |
| Pacifications for money, gifts and similar kinds are the stressors that I can find at the age of 23-35. This is because at this age with low experience levels pay scale will be less and craving for more money and other gifts. Second thing is influence by other people and their decisions. We take suggestions from friends, colleagues and family on certain issues where we can be carried away by their influences eventhough it is illegal. |
| 6. What other items should be in Acme's Code of Ethics/Conduct that would help you make better decisions? |
| Employees should have short Q&A sections to understand them how to react at uncertain situations and the behaviour should reflect ACME standards. It is also helpful to create decision-making platform to help employees to face ethical dilemmas at the workplace to well organize institution and also to set great situational examples. |
Week 4 Performance Review
| Week 4 |
| Business Ethics Simulation Performance Review Self-Assessment |
| Simulation Years 36-46 |
| The following questions are designed to help you reflect on your performance in the Business Ethics Simulation. Complete the Business Ethics Simulation Activities for weeks 3-4. Then, complete this performance review self-assessment as if you are filling this out for your performance review at ACME Corporation. You complete Performance Review Self-Assessments in weeks 2, 4, 6 and 8. Think about your results for weeks 3-4 in the simulation, progress you’ve made and any areas for improvement. Answer each question in 1-2 paragraphs. |
| 1. What were your goals from your week 2 performance review (salary, promotion, work/life? How did your results in years 23-35 measure against your goals? |
| Based on the week 2 performance review, I had set a target or beginning as an associate at the age of 25 with $34000. I had projected to become promoted within the next 6 years and become a sales manager at the age of 32 for a salary of $41000. Six years later, I had eyed that I would become a product manager with and earn a total of $72000.This helps me retire at the age of 62 with a salary expectation of $200000 and also with helpful retirement plans. This way I am trying to plan for growth in my career every 6 years as an average. However, based on a ny review, my results and outcome showed some significant changes. For instance, I started off as an Associate with salary of $35000 at the age of 23 while I had projected this to be at the age of 25 years. Despite moreover, my salary goal target at the age of 26 was $$38500 but my results turned out to be as an Associate at the age of 25 with salary $43904. sales manager at the age of 28 with salary $55703. At 31 as sales manager with $69048. At 35 as product manager with $86659 salary. Thus, the results though showed some minor differences but measured fairly with results obtained. |
| 2. What unethical or illegal decisions did you make in years 36-46? Why did you think they were ethical/legal? |
| Age group between 36 up to 46 marked my ten-year period in managerial positions gaining product manager at the age of 38 and regional manager ta 42 years. Even though I had not made any unethical or illegal decisions in early years because I was very diligent at my choices and decisions. For instance, I was charged with overseeing product development, marketing and all sales aspects as a product manager. As more and more responsibilities kept on pilling so was the decision making both in quality and appropriateness. Thus, I had set unrealistic and unachievable goals with an objective of increasing companies’ profits. This decision though not illegal or ethical in itself since some form of aggressiveness is required to achieve sales and production targets, it can put more pressure in subordinates who being afraid of underperforming might take unethical cations like understating cost while overstating profit margin realized. However, I was accountable and didn’t commit any further ethical or unethical actions. |
| 3. What changes (if any) would you like to make to your salary, promotion, and/or work/life balance goals? |
| Getting a job and earning a good salary is enough and one has to strive to achieve personal development and overall growth. Thus, to achieve this, I have to focus on getting more and more experience to achieve promotion and thereby earn an incremental salary increase. Thus, I would like to make few changes to my salary, promotion and work/life balance after working on simulation activities. I would like to change my salary to $55073 from $38500 at the age of $28 because I believe decision making help me here to add up points to achieve this goal. Moreover, after achieving key ethical criteria, it would be possible to advance on the salary range. Furthermore, I would be able to achieve promotion as my experience and skills continue to grow. |
| 4. What can you do to improve in your simulation performance? |
| Improving on simulation performance is key to achieving overall salary, promotion and work life objectives. Firstly, I would I have to focus on making effective decision free from bias and prejudice. Moreover, ethical dealings will be at the bottom of my work life as it directly contributes to point increase. Moreover, to improve in my simulation performance, I will focus on reading the data and documentation more diligently not to make any mistakes in the simulation activities. This helps in scoring more points and increasing simulation performance overall. |
| 5. What are the different stressors in years 36-46 that you discovered that affected your morals and ethics? Explain why. |
| Creating a rapport, building positive image, managing workplace change and workload priority are some of the stressors at the age of 36-46. For instance, this is particularly true since as people ae normally obsessed with becoming successful and getting achievement and recognition. Hence as a leader at the age of 36, one is prone to encounter these challenges. Despite this factors, the Second thing is influence by other senior people and other leaders in making decisions making. We take suggestions from friends, colleagues and family on certain issues where we can be carried away by their influences even though it is illegal. |
| 6. What other items should be in Acme's Code of Ethics/Conduct that would help you make better decisions? |
| Platform for employee interaction and ideas sharing should be included in the acne code of ethics. Moreover, policies that encourage whistle blowing within an organization should be encouraged and thus incorporated within the code of ethics. Methods of solving ethical dilemna should be included together with the approaches for ethical decision making. Furthermore, Employees should have short self-reflection sections to make them understand how to react at uncertain situations and the Behaviour should reflect ACME standards. It is also helpful to create decision-making platform to help employees to face ethical dilemmas at the workplace to well organize institution and also to set great situational examples. |
Week 6 Performance Review
| Week 6 |
| Business Ethics Simulation Performance Review Self-Assessment |
| Simulation Years 47-53 |
| The following questions are designed to help you reflect on your performance in the Business Ethics Simulation. Complete the Business Ethics Simulation Activities for weeks 5-6. Then, complete this performance review self-assessment as if you are filling this out for your performance review at ACME Corporation. You complete Performance Review Self-Assessments in weeks 2, 4, 6 and 8. Think about your results for weeks 5-6 in the simulation, progress you’ve made and any areas for improvement. Answer each question in 1-2 paragraphs. |
| 1. What are my goals from your week 4 performance review (salary, promotion, work/life)? How did my results in years 47-53 measure against your goals? |
| 2. What unethical or illegal decisions did you make in years 47-53? Why did you think they were ethical/legal? |
| 3. What changes (if any) would you like to make to your salary, promotion, and/or work/life balance goals? |
| 4. What can you do to improve in your simulation performance? |
| 5. What are the different stressors in years 47-53 that you discovered that affected your morals and ethics? Explain why. |
| 6. What other items should be in Acme's Code of Ethics/Conduct that would help you make better decisions? |
Week 8 Performance Review
| Week 8 |
| Business Ethics Simulation Performance Review Self-Assessment |
| Simulation Years 54-62 |
| The following questions are designed to help you reflect on your performance in the Business Ethics Simulation. Complete the Business Ethics Simulation Activities for weeks 5-6. Then, complete this performance review self-assessment as if you are filling this out for your performance review at ACME Corporation. You complete Performance Review Self-Assessments in weeks 2, 4, 6 and 8. Think about your results for weeks 5-6 in the simulation, progress you’ve made and any areas for improvement. Answer each question in 1-2 paragraphs. |
| 1. What are my goals from your week 6 performance review (salary, promotion, work/life)? How did my results in years 54-62 measure against my goals? |
| 2. How did your decisions impact your goals in years 54-62? Will you retire at the promotion and salary goal you made in week 1? How much does it differ from your original goals? |
| 3. Looking back at the entire simulation experience, what can you draw about the relationship between business ethics and professional advancement? |
| 4. Share at least three key learnings from this simulation experience. Did you learn anything surprising? |
| 5. How might you apply this to your real-life professional growth plans? |
| 6. How will this experience impact how you coach people who report to you at work? |
