You are in rounds 7 and 8. You should complete at last round 7 of simulation 9941501 before starting this discussion board. In the midst of everything, it is important to realize that one of the main goals is for your company to have a profit. You have heard before that profit is important to companies, but have you ever stopped to think about what impacts it? It may not be what you think.
Go to your Performance Review of the simulation and review the following:
Your company score and rank for net profit after round 7.
Trends for your company’s revenue vs. profit over time.
Revenue-wise how do you compare to your competitors?
Do you notice correlations around Profit and Revenue and ethics scores?
Go to the Finance section of the simulation and discuss the following:
Look at your income statement (aka P&L) and note trends in net profit or losses over time. What do you notice?
Review the profit chart. How does revenue compare with costs, expenses and net profit over time? What do you notice?
Review the video “
Boost your bottom line with simple math profitability (Links to an external site.) (Links to an external site.) (Links to an external site.)
”. Think about how you can eliminate that “-1” from your business in future simulation rounds. Don’t reveal your strategy, but be prepared to write about this in your final reflections paper in week 7.
Go to the Management screen and adjust the Ethics slider and note what happens to the operating costs under the cumulative budget What do you notice as you increase and decrease the setting? Why might this be important? Watch the video titled “
Creating Ethical Cultures in Business (Links to an external site.) (Links to an external site.) (Links to an external site.)
”. How do you think situational influence might explain what you see as you move the ethics slider up and down in the simulation? Viewing the ethics slider can be done by clicking the second button on the bottom of the cell phone interface.
As you reply to other students, be prepared to share ideas you have about creating an ethical culture in business while dealing with situational influence that may result from positive (or negative) business performance. Also, share any other thoughts you have about how financial KPIs can aid in ethical decision-making and what can be learned from finance that is hard to learn any other way.
Remember, you will be competing against other students. Be mindful of the advice you share in discussion boards that will talk about your strategies and what you plan on doing.
GoVenture CEO Learning Guide
Strategy Journal (accessed within the simulation)
Whatif Calculator (accessed within the simulation)
Market Overview Report (accessed within the simulation)
Performance Report (accessed within the simulation)
Consulting Report (accessed within the simulation)
Financial Reports (accessed within the simulation)
Market Share and Size Report (accessed within the simulation)
Whatever reports you decide to purchase (accessed within the simulation)
Comments from Customer
Review the video “
Boost your bottom line with simple math profitability (https://www.youtube.com/watch?v=_mglyRI99eQ)
Creating Ethical Cultures in Business (https://www.youtube.com/watch?v=wzicXbnmllc)
The software is goventureceo simulation.