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Comp xm board query answers round 1

07/01/2021 Client: saad24vbs Deadline: 2 Day

BUSINESS SIMULATIONS


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E X AMINATION


4


Welcome to Comp-XM


Table of Contents


1 Introduction . . . . . . 1


2 Scoring . . . . . . . 2


2.1 Board Queries . . . . . 2


2.2 Balanced Scorecard . . . . 2


3 Decision Summaries . . . . 2


3.1 Research & Development . . . 2


3.2 Marketing . . . . . . 3


3.3 Production . . . . . 3


3.4 Finance . . . . . . 3


3.5 Human Resources . . . . 3


3.6 Human Resources Entries . . . 4


3.7 TQM/Sustainability . . . . 4


Your Registration Number


If your instructor or school did not give you a Registration Number, you will need to register online using a credit card or checking account.


Welcome to Comp-XM®, an integrated evaluation tool that will allow you to demonstrate your business skills. Comp-XM has two sections: 1. A business simulation similar to the one you just completed and 2. A series of quizzes, called Board Queries, that ask questions related to your simulation environment.


The Simulation


You are the CEO of a new company, the Andrews Corporation. You will make four sets of decisions. Your competition, Baldwin, Chester and Digby, are run by computers. ������� ��� ���������������� ��������������� all participants go up against a standard set of competitors. As with your previous simulation, the quality of your decisions directly affects the position of your company. Performance is evaluated using a Balanced Scorecard, an analysis technique that gauges results across four areas. � ����������� � ������������ ��� ������ � ��� ����� � ������������������!��


Board Queries


Board Queries are web-based quizzes that relate directly to the results of your simulation. As CEO, you will report to the Board of Directors. The Board �� ���� "� ��������� �� ��#�$ � ���� %�������& ���� %� that are based on the results of your previous rounds. �����'�� ��%�����(�������������$ ������ �������� ��� a break-even analysis on an increase in production automation or calculate the effect additional (����!����!�������������� ����������������� )����� questions use standard true-false, multiple choice and essay formats.


All the information needed to answer the queries appears within the pages of The Comp-XM Inquirer, an industry newsletter similar to The Capstone®


�� �������������� �������®��� �����")������� *+/� you work as an individual, which means all success will be attributed to your efforts. This is your chance to show your strategic vision, tactical abilities and business knowledge. Best of luck!


4 Industry Conditions Report . . 5


4.1 Market Segments . . . . 5


4.2 Growth Rates . . . . . 6


4.3 Rough Cut / Fine Cut . . . 6


4.4 Seller’s Market . . . . . 8


5 Reports . . . . . . . 8


6 Website Instructions . . . . 8


6.1 The Comp-XM Spreadsheet . . 8


6.2 Dashboard . . . . . 8


6.3 Answering Board Queries . . . 9


6.4 Round Schedules . . . . 9


6.5 Self-Paced Exams . . . . 10


Round 1


Round 2


Round 3


Round 4


Final


Differences From Your Previous Simulation


1


1 Introduction


You have just been recruited to head the Andrews Corporation’s newest spin-off, the Andrews Comp-XM Corporation. The unit concentrates Andrews’ biometric sensor efforts into a new, publicly traded company.


1.1 What Is Comp-XM?


Comp-XM is familiar, yet different from your experience in Capstone or Foundation. You are the CEO. You will be making decisions on your own; you will not be a member of a team. Like Capstone or Foundation, Comp-XM uses a spreadsheet and a web interface. “6 Website Instructions” discusses the mechanics.


There are two parts to Comp-XM: A four-round simulation, and a series of web-based quizzes called Board Queries. Board Queries are questions posed by your Board of Directors. They are drawn from the unique results of your simulation. You could appear before the Board up to five times to answer their questions about your company.


Comp-XM Inquirer and Industry Conditions All the information needed to answer the questions appears within the pages of The Comp-XM Inquirer, an industry newsletter that is similar to The Capstone Courier or The Foundation FastTrack. “4 Industry Conditions Report” summarizes the current state of the biometric market.


1.2 Workflow


Comp-XM has four decision rounds. Each round, you will enter a set of decisions via the Comp-XM Spreadsheet.


In the standard Comp-XM setup, each round you will also answer the Board Queries posed by the board of directors. At the end of the simulation, you will answer a fifth set of Board Queries, but no


decisions will be required (Table 1.1). Decisions and Board Queries require the Comp-XM Inquirer.


Table 1.1 Standard Comp-XM Schedule


Round Activities Material Needed


1 Round 1 Decisions Board Query 1


Round 0 Comp-XM Inquirer


2 Round 2 Decisions Board Query 2


Round 1 Comp-XM Inquirer


3 Round 3 Decisions Board Query 3


Round 2 Comp-XM Inquirer


4 Round 4 Decisions Board Query 4


Round 3 Comp-XM Inquirer


Final No Decisions Final Board Query


Round 4 Comp-XM Inquirer


Your instructor can configure Comp-XM to have fewer


Board Queries.


1.3 Differences From Your Previous Simulation


Comp-XM has four market segments:


• Thrift • Core • Nano • Elite


Comp-XM TQM (Total Quality Management)/Sustainability and Human Resources Modules are active in Round 1.


The segment circles start the simulation in the middle of the Perceptual Map before drifting to the lower right (Figure 1.1 - Figure 1.3).


Figure 1.1 Segment Positions at the End of Round 0 and the Beginning of Round 1


Figure 1.2 Segment Positions at the End of Round 2 and the Beginning of Round 3


Figure 1.3 Segment Positions at the End of Round 4


Example! See your Industry Conditions Report for exact segment locations.


Board Queries


2


3 Decision Summaries


Decision entries are made with the Comp-XM Spreadsheet, which is similar to the Capstone Spreadsheet and the Foundation Spreadsheet. Please refer to your Capstone or Foundation Team Member Guide for general information.


All Comp-XM simulations utilize the Human Resources and TQM (Total Quality Management)/Sustainability modules. Decisions made in these modules can have wide ranging effects, including influencing product demand, R&D cycle times, productivity, material costs, labor costs and administrative costs.


TQM and Human Resource drive the Learning and Growth section of the Balanced Scorecard.


Human Resources decisions are made in two locations:


• The Workforce Complement is entered at the bottom of the Production area;


• Recruit Spend and Training decisions are made in the Human Resources area.


All TQM/Sustainability decisions are made in the TQM/ Sustainability area.


3.1 Research & Development


3.1.1 Positioning Costs Material costs are also driven by positioning (Figure 3.1). The higher the technology, the higher the cost. At the beginning of the simulation, the trailing edge of the Thrift segment has the lowest cost, at $1.00; the leading edge of the Nano and Elite segments have the


2 Scoring


Scoring occurs in two parts, the results of your Board Queries, and the results of your simulation, which are assessed via a Balanced Scorecard.


Comp-XM has 1000 possible points, 500 for your Board Query results and 500 for your Balanced Scorecard.


2.1 Board Queries


Board Queries are unique to each participant, although each question covers the same content. If a question applies to a product, the question might be posed about any of the products in the simulation.


Each simulation generates different numbers, so each question containing numbers varies by participant. Furthermore, product names and competitor assignments vary from participant to participant.


Here’s an example of a Comp-XM Board Query: You are asked


to find the Net Margin for product Biff. Your classmate is


asked to find the Net Margin for product Bold.


Both questions have the same level of difficulty, but the


answers are based on different numbers.


2.2 Balanced Scorecard


Comp-XM uses a Balanced Scorecard for simulation scoring. A Balanced Scorecard is a common analysis technique that allows companies to gauge their current performance and formulate future goals. Balanced Scorecards are divided into four areas:


• Financial • Internal Business Process • Customer • Learning and Growth


Each Comp-XM Scorecard is built from criteria which are assigned a weight– a level of importance. Criteria, weights and results for each round, and criteria, weights and results for a final overall scorecard, are available from the Dashboard.


As you enter decisions in the Comp-XM Spreadsheet, projections of the Balanced Scorecard results for the upcoming year are available via the proforma menu. Scores from previous years are available on the website; login to your simulation then click the Results/ Scorecards link.


______________


Figure 3.1 Material Positioning Costs: These costs vary depend- ing on the product’s relative location on the perceptual map. For example, at the start of Round 1, products placed at the trailing edge of the Thrift segment would have a positioning component cost of $1.00; products placed at the leading edge of the two high technology segments would have a positioning component cost of $9.25. Material component costs drop 3% to 4% per year.


Human Resources


3


Comp-XM uses a straight line depreciation method calculated


over fifteen years.


3.3.3 Second Shift/Overtime Labor costs increase 50% when a second shift is hired or when the first shift works overtime.


3.3.4 Automation Increasing automation has a linear effect on labor costs. Between an automation of 1.0 (lowest) to 10.0 (highest), labor costs fall approximately 10% for each point of automation.


3.4 Finance


3.4.1 Stock Stock issues are limited to 20% of the company’s outstanding shares. You pay a 5% brokerage fee to issue stock.


3.4.2 Current Debt These are one year bank notes. Bankers will loan current debt up to about 75% of your accounts receivable (found on last year’s balance sheet) and 50% of this year’s inventory. They estimate your inventory for the upcoming year by examining last year’s income statement. Bankers assume your worst case scenario will leave a three to four month inventory, and they will loan you up to 50% of that amount. This works out to be about 15% of the combined value of last year’s total direct labor and total direct material, which display on the income statement.


There is no brokerage fee for current debt.


3.4.3 Bonds These 10 year notes carry an interest rate 1.4% higher than the current debt rate in the year they were issued. Bondholders are willing to lend amounts up to 80% of the depreciated value of the company’s plant and equipment, that is, the assembly lines. You pay a 5% brokerage fee to issue bonds.


Companies with better Bond Ratings have lower


interest rates.


If your company runs out of cash, you will receive an


emergency loan, which carries a 7.5% penalty above the


Current Debt interest rate. Emergency loans convert to


Current Debt in the following year.


3.5 Human Resources


3.5.1 Recruiting Investing in recruiting a better quality employee increases productivity and decreases turnover, which will reduce your labor


highest costs, at $9.25. Positioning material costs decrease 3% to 4% per year.


3.1.2 MTBF (Mean Time Before Failure) Each 1,000 hours of reliability (MTBF) adds $0.30 to the material cost. A product with 20,000 hours reliability includes $0.30 * 20,000/1000 = $6.00 in reliability costs.


3.2 Marketing


3.2.1 Promotion Budget Promotion expenditures reach diminishing returns at $3,000,000 for each product. Promotion buys awareness. You lose one third of your old awareness each year. Your promotion budget replaces lost awareness, and if the budget is high enough, makes gains towards 100% awareness. When a product reaches 100% awareness, promotion budgets of about $1,400,000 are needed to maintain it.

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