Capsim finance

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)

Team Member Skill Inventory

Member

Skill(s)

Comments

Production, R & D, quality

Production, marketing

Sales, marketing, budgeting

Finance

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

a)

1) 10/22

2) 10/22

1) Yes

2) No -a Y

Week 3 – (10/?)

Start round 1

Decision of Low tech

High end cost

Low marketing budget

1)

Week 4 – (11/11)

Increase reliability

1)

Week 5 – (11/17)

Increase Accessability to 100%

Sold stock

Ended with emergency loan

Lowered price

1)

Week 6 – (11/22)

Took out loan to increase profit margins

Stayed with one product

Further lowered price

1)

Week 7 – (11/25)

Lowered marketing

Increase margins

1)

Week 8 – (12/?)

NA

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?