Business Simulation with Professional Development

Business
Simulation with
Professional
Development

Contents
INTRODUCTION...........................................................................................................................................4
PART A.......................................................................................................................................................4
1. Vision and strategy of Phone Tech Company......................................................................................4
2. Review of each year’s progress of Phone Tech Company...................................................................5
3. Future plans and recommendations..................................................................................................11
INTRODUCTION.........................................................................................................................................11
PART B.......................................................................................................................................................11
Identified events....................................................................................................................................11
Review of theories-................................................................................................................................12
Review of industry practices..................................................................................................................13
Application of theories and practices....................................................................................................14
Discussion..............................................................................................................................................15
Recommendations.................................................................................................................................15
CONCLUSION.............................................................................................................................................16
REFERENCES..............................................................................................................................................17

Executive Summary
In this report, different aspects related with Business Simulation will be discussed in
detail. It is very helpful in getting to know more about this topic and analyzing the wide range
which it offers for the purpose of understanding, analysis and interpretation. If the managers of a
company can make use of it properly they can identify their shortcomings and thus use the right
methods for removing them so as to ensure that the company can achieve sustainable success in
the future time period allowing it to achieve its short-term and long-term goals and objectives
and acquiring a strategic edge on the competitors in the market.

INTRODUCTION
Business simulation is a type of technique which is used for the purpose of providing
business training, analysis and education to the individuals who are interested in establishing
their own business in future. Main purpose of it is to aware all the students about the situations
which could be faced by them while running their own company. It facilitates them to be prepare
for all the uncertainties that may take place when they will be establishing their business or
performing tasks related to entrepreneurship. It is not focused with theoretical knowledge which
is provided in classrooms. It pays attention towards improving the conceptual acquittance and
providing big picture view of the organisation at once. It guides all the individuals to analyse the
way in which they will have to deal with all the negative situations in future. In order to perform
simulation related activities, it is very important for the students to pay attention towards
professional development (Alamsyah and Nurriz, 2017). It is a procedure which is highly
focused with maintaining professional credentials. The main elements that are covered in it are
attending conferences, informal learning opportunities, improvement in skills etc.
Present report is having two different parts first one is focused with business simulation
and the other one is based upon professional development. In the Part A, analysis is made upon
Phone Tech Company which is smart phone manufacturer mainly established in The
Netherlands. It is operating business in different countries including US, UK, Brazil, Canada,
Malaysia, China, Japan etc. This part of the report covers various topics such as vision, values,
mission, HR, culture of the company. Additionally, review of progress of all the years,
performance analysing along with future plans and recommendations are also covered in this
section. Second part is related to professional development in which specific events are required
to be identified and then theories in context of them and industry practices are required to be
applied successfully.
PART A
1. Vision and strategy of Phone Tech Company
Phone Tech Company is an entity which is involved in production of smart phone. The
slogan of the enterprise is “The Real Smart Phone”. It is having headquarter in The Netherlands
as it is the home country of it. There are various nations in which it is carrying out its operations.
These are France, Japan, China, India, US, UK, Malaysia, Canada, Australia, Monaco, Belgium,
Germany, Israel, Brazil etc. The organisation is highly focused with some essential elements
which are as follows:
Vision: Phone Tech Company is having a long-term vision of becoming the market
leader in smart phone industry by offering such mobiles to the customers which is based upon