Management of Strategy in the Marketplace with Global Corporate Management in the Marketplace Simulation

Download or read book Management of Strategy in the Marketplace with Global Corporate Management in the Marketplace Simulation written by Ernest R. Cadotte and published by South-Western Pub. This book was released on 2002-04 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management of Strategy in the Marketplace with Global Corporate Management in the Marketplace Simulation is a package of the web-based strategy simulation Global Corporate Management in the Marketplace and the textbook Management of Strategy in the Marketplace. The text provides the theoretical content needed to thrive as a business manager while the simulation provides real 'hands-on' experience in starting and managing a company. They are presented as a package but also intended for use separately, providing ultimate flexibility. The web-based simulation Global Corporate Management in the Marketplace puts the players in the role of an executive team of a new venture entering the microcomputer business. As they run the company, they learn business fundamentals and the interplay between marketing, manufacturing, logistics, human resources, finance, accounting and team management. As teams compete, they learn to adjust their strategy, debate real-life decisions, analyze options, resolve conflicts, make tradeoffs and evaluate potential outcomes. This long-running simulation is the 6th generation of software over the last 12 years and benefits from experience and the continuous improvement. The simulation does not link directly to the textbook and may be easily used independently.The textbook, Management of Strategy in the Marketplace, is designed to compliment the simulation, providing the theory base for understanding the behind the activities of the simulation. It follows the structure of the simulation, organized around the life cycle of a new business. Because chapter theories and tools coordinate with the specific decisions that teams encounter during specific quarters of simulation play, the textbook assures players that they won’t stumble out the blocks once simulation play begins.