Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Comp xm decisions

08/01/2021 Client: saad24vbs Deadline: 2 Day

1


1 Introduction


You have just been transported to a parallel simulation where everything is familiar, but things are a little different. Why were you transported? You are going to have an opportunity to run a company of your own and demonstrate your business knowledge!


1.1 What’s Different?


In your previous simulation, you might have worked as part of a group, bouncing ideas among your teammates. In Comp-XM Basix, you are the sole decision maker.


At the start of the simulation, all companies are not equal. You are running the Andrews Company, and it is behind the competition, so you have your work cut out for you.


In Comp-XM Basix, you will not have access to an Excel® spreadsheet. All decisions will be entered on a web-based spreadsheet available from the Open Simulation button on the Exam Dashboard (see Figure 4.2).


At the start of Comp-XM Basix, the segments are in the middle of the Perceptual Map.


1.2 What’s the Same?


The segment names and products should be familiar. Although they are in the middle of the map, the segments will continue to drift to the lower right, just as they did before.


All decision areas are identical to your previous simulation, as are the reports.


1.3 Workfl ow


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


You might also be asked to complete a Mini Quiz. You can take the Mini Quiz any time during the simulation (Table 1.1).


Table 1.1 Standard Comp-XM Basix Schedule


Simulation Mini Quiz


Round 1 Decisions


Can be completed


any time prior to


the deadline.


Round 2 Decisions


Round 3 Decisions


Round 4 Decisions


Your instructor can confi gure Comp-XM Basix without a


Mini Quiz.


2 Scoring


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


2.1 Balanced Scorecard


Comp-XM Basix 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 Basix Scorecard is built from criteria which are assigned a weight– a level of importance. Criteria, weights and results for each round, along with criteria, weights and results for a fi nal


Copyright © 2011 Capsim Management Simulations, Inc. All rights reserved.


Mini Quiz


2


If they were scheduled in your previous simulation, your Comp-XM Basix simulation will utilize the Human Resources and TQM (Total Quality Management)/Sustainability modules. Decisions made in these modules can have wide ranging effects, including infl uencing 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. Documentation for HR and TQM is available from the Comp-XM Basix Help area.


3.1 Research & Development


3.1.1 Positioning Costs Material costs are also driven by positioning. The higher the technology, the higher the cost.


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.


3.2.2 Sales Budget Sales budgets buy segment accessibility. Although you budget by product, any product within the segment’s fi ne cut contributes to accessibility in the segment. Diminishing returns are reached at a budget of $3,000,000 for each product. Diminishing returns in the segment, however, are not reached until $4,500,000. You need at least two products in the segment’s fi ne cut to reach 100% accessibility. You lose one third of your old accessibility each year. Your sales budgets replace lost accessibility, and if the budgets are high enough, make gains towards 100% accessibility. When a segment reaches 100% accessibility, sales budgets of about $3,300,000 are needed to maintain it.


Sales budgets also allocate the time spent by the sales force selling the product. The higher the budget, the more time the sales force gives to the product. This can be useful if you wish to emphasize one product over another within the same segment. For example, if you are splitting a combined $4,000,000 sales budget between two products, you might spend $3,000,000 with one and $1,000,000 with the other. Your salespeople would emphasize one product over the other.


recap Scorecard, are available from the Exam Dashboard (see 4 Website Instructions).


As you enter decisions in the spreadsheet, projections of the Balanced Scorecard results for the upcoming year are available via the proforma menu. Scores from previous years are available from the Exam Dashboard.


Each round is assessed using one set of Scorecard criteria that refl ects round over year performance. In addition, a “recap” scorecard analyzes performance using a different set of criteria across all rounds. Clicking the scorecard icons on your Exam Dashboard will display the point value for each round and for the recap.


2.2 Mini Quiz


The Mini Quiz asks questions about basic business knowledge. The quiz can be answered at any time in any round. You access the Mini Quiz from your Exam Dashboard. You can change your answers as often as you want until the Comp-XM Basix deadline established by your instructor.


3 Decision Summaries


Decision entries are identical to the ones you made in your other simulation. Please refer to your Team Member Guide for general information. A link to the online version can be found in the Comp-XM Basix Help area.


You might also want to review the Rehearsal Simulation,


which is available from your previous simulation’s Getting


Started area.


The Comp-XM Basix Industry Conditions Report, which is available from the Reports menu of the spreadsheet, will help you review the current customer buying criteria and the market segments’ current and future locations.


You will also want to study the Perceptual Map of the Comp-XM Basix industry newsletter, available from the Information Resource area of the Exam Dashboard, to get a quick overview of the positions of your products (the Andrews products which start with the letter A) and your competitors’ (their products start with the fi rst letter of their company name).


Human Resources Entries


3


Companies with better bond ratings have lower interest rates than companies with poorer ratings.


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 and HR Admin costs. The effect of investing in recruitment is cumulative. You can spend up to $5,000 per person to hire better talent. The amount is added to the automatic recruitment charge of $1,000 for every new employee.


Human Resources Recruiting Spend and Training budgets are


not entered in thousands. To spend $5,000, enter 5000.


3.5.2 Training Investing in training also increases productivity and decreases turnover. Each year, you can assign up to 80 hours of training per employee, which increases productivity. Each training hour costs $20.00. When employees are in training they are replaced with other employees, so the Needed Complement will increase as training hours increase. The effect of investing in training is cumulative.


3.6 Human Resources Entries


Workforce Complement controls the number of workers employed by the company. Once production schedules are complete, the spreadsheet will display a Needed Complement. Having 100% of the Needed Complement ensures the company will have suffi cient workers.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Helping Hand
Top Essay Tutor
University Coursework Help
Writer Writer Name Offer Chat
Helping Hand

ONLINE

Helping Hand

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$75 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

I have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades.

$80 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$77 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Microscope use and function lab - Ace community college alstonville - Argumentative research essay - Parker and stone inc is looking - Liberating education consists in acts of cognition - Discovering wes moore theme - Quiz - Dunkin donuts financial statements 2015 - In the previous email or on the previous email - Ford pinto case study summary - NUR340 - (traer, adelgazar, compartir) tú - Calculus of negligence nsw - Reflection about management subject - Hazard perception test booking qld - Administration and Supervision in Criminal Justice - Chapter 8 - Apa 7 referencing unimelb - What is case mix analysis - Waterproofing certificate template qld - Lightning panel board symbol - Associate degree in business rmit - Coca cola harvard case study - Current Event - Baps org satsang exam - Economics Urgent - Dr dietrich klinghardt autism - Unit 6 - Amazon supply chain case study pdf - Acid base titration lab report answers - Sql stands for in computer - What is cb response sensor - Iec class 3 wind turbines - To reduce agency problems executive compensation should be designed to - Harley cannard net worth - Assume the following information about the market and jumpmasters stock - How to Care for a Senior Dog - What does unicellular mean - Stonham aspal primary school - ____ is used to permit computers to translate numeric ip addresses to mac layer addresses. - Bill inmon vs ralph kimball - Properties of colloidal gold - What are 2 examples of contemporary hunter gatherer societies - Access Control discussion 2 - Doppler effect experiment classroom - Suppose you plant a seed and observe that a tree - Writing in the moment - Mtp kit online legit - Unit 5 Disscusion Board PC - Compression test of ductile material - Dr ross dwyer radiologist - Writing Help - Break break break poem - Boehm incorporated is expected to pay - Arduino mega analog input voltage range - Marketing and Consumer Benefit vs Risk - Ideal gas monatomic or diatomic - Prophetic orientation is a prominent aspect of - Reactivity of metals experiment answers - A hypothetical ax type of ceramic material - Relevance theory applications and implications - Rory sutherland sweat the small stuff - Cisco 2960 stacking cable diagram - Phil 347 critical thinking/ reasoning - Homeostasis amoeba sisters worksheet - Rosny park medical centre - Looking forward through the lifespan developmental psychology - Rocky mountaineer souvenir dvd - Urban outfitters eat less - Uta capstone reflective journal - Bottle green squeezy squash - What is a unit overview - Discussion - Cert iv training and assessment cheat sheet - Rio salado chm 130 midterm answers - 1000 working credit centrelink - Who invented the electronic diary - Small business dismissal guide - Home easy remote he 300 - Short essay- Nannie Doss - Greenfield Investments - Findbugs generate html report - Persuasive speech outline on depression - Clairvoyant inga hummel odense - Craven road medical centre - Widney ctc - Damon zumwalt net worth - Great southern bank ellington mo - Pharmacy intern exam dates - Northern territory building certification - Framing paper religious education in australian catholic schools - What are the needs and wants of ancient communities - Cabo san viejo case analysis - Anoche nos sentimos alegres mis primos - Uq dental science interview - Legislative Matrix - Holy cow canvas push pin map - LEADERSHIP AND CREATIVE SOLUTIONS - Writing an analysis of media messages - BA 4010 MOD 1 DB - Enoch 7th from adam