Business Simulation with Professional Development

Business
Simulation with
Professional
Development
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Contents
INTRODUCTION...........................................................................................................................3
Part A: Strategy Paper......................................................................................................................3
Review of Each Year’s Progress............................................................................................5
Market share:..........................................................................................................................6
Product/Price analysis............................................................................................................6
Competitive strategies of company........................................................................................7
Evaluation of strategies and decisions....................................................................................8
Performance analysis............................................................................................................10
Future plans and recommendations......................................................................................11
PART B-Professional Development Reflection Report................................................................13
Executive summary..............................................................................................................13
INTRODUCTION................................................................................................................13
Identified events:..................................................................................................................13
Review of Relevant theory...................................................................................................14
Review of industry practises................................................................................................15
Application of theory or practise..........................................................................................15
Discussion.............................................................................................................................17
Recommendations................................................................................................................17
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................20
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INTRODUCTION
Simulation is basically termed as the rough or approximate imitation of overall operational
procedure of company which simply shows expected by activities on the same area over the
period of time. It is determine as the useful method that supports individuals in analysing things
in better manner by communicating, verifying, and understanding things (Draijer, 2020). Along
with this, it also provides valuable solutions towards the expected business problems that might
occur in future while executing operational work or implementing any plan for future growth.
The present report is based on Limitless Smartphone Company which is mainly producing
smartphones in Asia under its own license. This project is mainly divided into two parts where
Part A of this project is strategy paper and Part B will Professional Development Reflection
Report. Here, Part A of the report will cover detailed information on business simulation activity
opted by the company from last 5 years. In this, strategy of the company would be deeply
reviewed by evaluating vision, mission, strategy, culture, competitors, industrial analysis
(Porter’s five forces) etc. and future plan. At last, it will provide recommendations to the for next
five year. Part B of this report is related to reflective report which would emphasise on overall
learning from experiences developed by the individual.
Part A: Strategy Paper
Vision: The vision statement of Limitless Smartphone Company is to enhance connectivity
with the world, provide support to local communities, sustainable future practices, shaping the
future of technology, transform human experiences with latest featured Smartphone that could
simply help company in accomplishing their organisational goals and objectives in quicker
manner.
Values: Limitless Smartphone Company provides higher value to its ethics as they perform each
and every activity related to business by adhering all the norms in appropriate manner. This
simply helps company out in attaining organisational goals and objectives in quicker and wise
manner (Zulfiqar and et. al., 2019). Also, the respective company values its each and every
customer thus it offers Smartphone for all types of its customers belongs to every range.
Mission: The mission statement of Limitless Smartphone Company to develop sustainable
future with higher support of local communities.
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Human resource: In order to execute all organisational activities effectively within Limitless
Smartphone Company, the respective manager prefers to bring highly skilled and qualified
employees within the company who could easily understand work and perform it in the same
manner (Bocciardi and et. al., 2017). Also, for improvising performance of the employees and
remaining competitive the respective manager of the company conducts training programs for
the employees. In these training programs employees get to know about the skills which can
enhance their performance rate. This simply supports the company in executing its work in
appropriate form. Apart from this, the respective manager also provides rewards to its employees
on the basis of their performance in order to motivate them at extensive level. Along with this, it
has also been seen that the respective manager of the company also emphasizes on making use of
bonuses and other remunerations in order to enhance loyalty among employees as they are
motivated with the supported which being provided to them by their superiors (Hughes and
Scholtz, 2015). This simply helps them out in serving its customers as they got appropriate
training related to handling customers which ultimately results in creation of better image at
marketplace.
Culture: Organisational culture is basically determined as the personality of the company which
simply states the environment of workplace where employees performs their work. Culture of
company includes many elements such as vision, mission, goals, working environment, ethical
values, and expectation of the company. With reference to Limitless Smartphone Company, it
has been seen that respective manager of the company focuses on developing positive working
environment within the company where employees can work freely and give their best in the
assigned work (Hernández-Lara, Perera-Lluna and Serradell-López, 2019). Apart from this, it
has been analysed that manager of this company provides complete liberty to their employees
that means that employees are allowed to perform their work according to their own knowledge.
Also employees are free to share any sort of innovative idea with the company that could
contribute in improvising functioning of the company in appropriate manner (Bocciardi and et.
al., 2017). The respective organisational culture of this company is very corporative and working
friendly as employees are highly free to express that whether they are able to execute their work
in their own pattern or not. This aware the management in knowing problems faced by
employees which ultimately helps them out in taking required initiatives to resolve the same
problem.
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