Running Head: BMC aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa a aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa a aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa
aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa 1
4-2 Harvard Business Review Simulation and Journal
BUS400
Southern New Hampshire University
BMC aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa
aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa 2
In general, it is essential for a business to bring changes in its strategies so that it
can develop and grow the business in an effective and successful manner. Likely, the
BMC of Harsh honey business is facing difficulties due to the changes and growth
currently. When Harsh started his honey business, the key activities and value intentions
were different. Presently, Harsh children found some changes in the value intentions and
key activities that are different from the creation of their father (Bhavani, 2020). Harsh
and his wife have given their efforts to put into their family business model by
employing principles and passions. This principle and passion have been followed by the
Harsh children. It can be evident that the honey business has gone through many
directions and changes, along with many people’s suggestions. However, the family has
chosen to stand with the groundwork that has been set up earlier by their father, Harsh.
The effect of decisions
When Harsh passed away, the family honey business was taken over by Ravi.
Some changes have been done in the honey business. Ravi has given the focus on the
addition of a new product line by adding syrups, candies, additional sweets, and
confectioneries. Ravi has utilized the honey that has been harvested by Harsh in the
honey business (Bhavani, 2020). It has been found that the BMC was not ready to bring
changes in the original business plan, which has made the family take an important
decision f to bring changes to their family business. Thus, the family and the company
took a hit that is causing a shortage of bees. This has resulted in to increase in the
production cost and impacted the business.
Explore your decisions
The last decision that has been taken by the Harsh family is allowing the
outsiders to the company to venture. In the end, the Harsh family has loosened
BMC aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa
aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa aa 3
everything in the company, and they have been forced to sell out the company to one of
the decedents of Harsh. Here, the family business and values were lost, and the company
became thrived. The completion of the stimulation with keeping the family in line
through the successful running of the family's honey business has resulted in failure in
the business and caused animosity within the Harsh family.
Assess your decisions
Here, it has been identified that the second simulation was not the right choice for
the honey business. This company has begun with an aim to grow the family business.
Likely, many businesses have been set up successfully as family-run businesses that
usually end up with some misleading steps. The growth of the family business should be
within their own individual families, ethics, values, and principles; otherwise, it could
lead to destruction in the business. Here, the welcoming of outsiders protects the business
but causes differences in opinions that could result to affect the family business and
enhance its growth as the company. It has been identified that Harsh's children know
how hard work has been done Harsh to build the company and bring growth to the
company to support them. As the family picture has changed now with the children,
grandchildren and their descendants, many problems have occurred with the separation of
the family and differences in opinion. Thus, it is essential for a business to maintain its
core values so that the business can improve with the family efforts.
References
Bhavani, G. (2020, July). Artificial Intelligence: Simulations in Audit Education. In 2020
11th International Conference on Computing, Communication and Networking
Technologies (ICCCNT) (pp. 1-5). IEEE.
