Business Project on Multiplayer Simulation through Mikesbikes
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Added on Β 2023/06/11
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This article discusses the multiplayer simulation through Mikesbikes and its impact on business. It covers the various rollovers and strategies used to increase shareholder value. The article also includes market share and retail sales data.
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Business Project on Multiplayer Simulation through Mikesbikes
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Table of Contents Introduction..........................................................................................................................2 Multi-Player Experience......................................................................................................2 1st Rollover..........................................................................................................................2 2nd Rollover........................................................................................................................3 3rd Rollover.........................................................................................................................4 4th Rollover.........................................................................................................................5 5th Rollover.........................................................................................................................6 6th Rollover.........................................................................................................................7 7th Rollover.........................................................................................................................8 8th Rollover.........................................................................................................................9 Summary of the gameplay.................................................................................................10 Conclusion.........................................................................................................................13
Introduction A simulation was performed through Mikesbikes, which is online application software with various fields like the launching of new products, product slots, advertising allocation, capacity, distribution, quality, production, debt and equity control etc. The two types of business simulation of the software are single player and multiplayer. Single player is used for learning techniques and basic information about the location of new product launch and the cost of marketing & products. Mikesbikes intro multiplayer helps in learning the strategy and approach to initiate a new business. Multi-Player Experience 1st Rollover As per the analysis of earlier reports the approach was finalized to apply impartial price and advertising campaign. Also, the new product, Adv2 was produced in extra quantity to avoid major loss in sales and the company entered the higher amounts instead of the default of 175$. The 1strollover was not satisfactory as the SHV value was not acceptably high.
2nd Rollover The product price was revised from $715 to $725. Some changes were made in brand advertising and the value was revised from $250,000 to $1,280,000. Distributor channels were appreciated by providing 25% margin over sales to the 60 stores. The sales were better and increment is awareness and PR was noticed.
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3rd Rollover As the retail price of advertising and PR were increased, the budget for the quality area was maintained at 82%. Production was also increased to supply the products for sale and the market share value. The results were recorded after the rollover.
4th Rollover A new product in Multiplayer business that is Rupin1 was launched according to the income. Sale of 7,000 was estimated and the price was defined to be 2450$. Amount similar to 3rdrollover was spent on advertisement and PR. There was a loss in sales due to insufficient production. The SHV value of 2022 was adequate and brought the company to the second position.
5th Rollover Shares were bought back and dividends were distributed. βRupin2β was launched at the price of 390$ and the estimated sale of 35000. Accordingly, the prices of Adv2 and Rupin1 were revised. The year 2023 results are as mentioned below. SHV had increased with the value of $43.72 and commutative change of 292%.
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6th Rollover The capacity of advertisement advertising and PR awareness were increased. All dividends were paid and prices and quality of products were improvised. Unique collection dresses were improvised, Adv2 launch that the company around $6M. The results of year the 2024 are as follows.
7th Rollover As the results were decreasing, product launch and improvisations were stopped due to the large requirement of capital. After the analysis, it was decided that the only the current products will be used for sale. Also, the same amount as earlier will be used for advertisement and PR. All the shares were bought with 800000 shares remaining and to increase the shareholder value, most of the dividends were paid.
8th Rollover Apart from the previous strategy, the prices of products were decreased to increase sales. Maximum dividends were paid in share to increase the SHV. With the decrease in capacity, efficiency and quality index was maintained between 94% and 95%.
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Conclusion The business simulation was performed in a multiplayer game and individual gametoanalyzethevariousparametersofMikesbikes.Variousparameterslike production, sales. advertisement, public relation etc. were altered to simulate the real life expectancy of business.