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Business Strategic Game: Evaluating Strategic Decisions and Creative Management Thinking

   

Added on  2023-06-10

15 Pages3619 Words235 Views
Business DevelopmentFinanceLeadership ManagementProfessional Development
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BSG
Business Strategic Game
Business strategic Game
Name of the Student-
University Name-
Business Strategic Game: Evaluating Strategic Decisions and Creative Management Thinking_1

Table of Contents
Introduction.................................................................................................................................................2
Identify and understand the strategic decision made....................................................................................3
Critically evaluate the application of creative strategic management thinking...........................................4
Establish and analyze why decisions resulted in better or worse results than expected.............................6
Identify and evaluate the causality of those decisions................................................................................7
Outline and analyze the evaluation and execution of corrective action measures to subsequently
manage the decisions better.......................................................................................................................8
Conclusion...................................................................................................................................................9
References.................................................................................................................................................10
Business Strategic Game: Evaluating Strategic Decisions and Creative Management Thinking_2

Introduction
With the ramified economic changes and complex business structure, every organization
needs to take imperative decisions to implement the strategic decisions and effective business
functioning. It is analyzed that business strategic game is associated with the internal and
external business factors which needs to be undertaken to formulate effective business strategic
program. Strategic management is the starting process which is undertaken in the business
strategic game to evaluate and analysis all the opportunities and threats of the business. In the
business strategic game, student’s analysis will be made to determine whether the undertaken
business will be more beneficial and better as compared to other business organizations. The
business strategic game is used by students to learn the effective learning process and implement
the effective strategic decision. In this report, main focus has been made to evaluate the business
strategic game which is used to evaluate proper internal and external business strategic program
to win over the market. It reflects the process activities and undertaken strategic program which
company takes to accomplish its set objectives and goals in long run.
After analyzing all the process of the business strategic game, I could easily determine
the issues and threats of the business and how these issues could be mitigate by implementing the
effective strategies in determined approach. In this reflective strategic report, strategic decision
made and undertaken strategic program have been analyzed which will assist business managers
to make the effective decisions in determined approach.
Business Strategic Game: Evaluating Strategic Decisions and Creative Management Thinking_3

Identify and understand the strategic decision made
The business strategic game is PC based game exercise in which all the real world issues
and external business factors is analyzed. I have analyzed that by using the business strategic
game, I could easily determine the influential factors which might positively and negatively
impact the business growth and efficiency of the organization. I have found that strategic
decisions made in the business is highly depended upon the internal and external factors. If
proper equilibrium is made between these factors then it will not only assist organization to make
the positive changes in business. It is further observed that cost and revenue relation cause and
effect relation is the main part which reflects that company needs to manage these factors before
undertaking the particular decisions in organization. I have found that the strategic decisions
made in the big multinational on the basis of strategic decisions reflects that company follow
Business strategic game so that they could easily identify the proper procedure and process
system to develop effective business decisions. It is analyzed that many firms have used the
business strategic game such as Wesfarmers, Woolworth and Tesco to make the effective
strategic decisions (Aumann, 2017). I have analyzed that this BSG game starts with the setting
up the operational activities plans and strategic approach undertaken which will assist in
formulating the long term business plan. The PESTLE analysis, BCG matrix and long term
development plan matrix will be the base in the business strategic game. In BSG game, I have
found that every organization is accompanied with the several strategic options and functional
program. In Wesfarmers, I analyzed that there are several strategic activities such as inbound and
outbound activities. In every department, line managers are appointed to take the strategic
decisions. These persons are the key owners of the department who takes their tactics decisions
for maintaining the business effectively. It is analyzed that managers takes the key decisions for
the effective business functioning. I have observed that most of the employees are dependent
upon the orders and decisions taken by their supervisors. This kind of tendency in organization
resists the creation and innovation in business. Wesfarmers have faced issue of non-effective
product differentiation strategy program (Aumann, 2017). In addition to this, Business strategic
game has shown that company development of the strategic program is based on the undertaken
work.
After using the business strategic game, I have understood that creating core competency in
Business Strategic Game: Evaluating Strategic Decisions and Creative Management Thinking_4

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