please give a response to both discussion posts

Post 1

I’ve participated in business simulations before and I have always enjoyed them because they generally require knowledge and application of business principles rather than industry knowledge. I have found this course to be the same and have thoroughly enjoyed practicing many of the business principles that were taught in previous classes.

As I think about what we have had to consider with the airline simulation, I recognize that there have been a number of elements from MBA 6024, Organizational Strategy, that were relative to our current lessons. 6024 consisted of assignments on business strategy, framing corporate strategies, and ethics. All of these elements have been components of our airline simulation assignments and our weekly discussions.

I took MBA 6166, Financial Markets and Institutions, as an elective and the discussions on spot rates had direct impact on my understanding of fuel contracts in our simulation. 

Financial Accounting was very important to our understanding of financial statements: balance sheet, income statement, statement of cash flows. All of these elements were incorporated into our airline simulation and a thorough understanding of how to interpret information from these documents is crucial to making sound financial decisions.

I don’t believe that there are any areas where I am lacking enough knowledge to be effective in our simulation exercises, as the Capella MBA has given me a pretty broad base of understanding on all of the skills we use. However, I think that there is a lot I could benefit from with a deep study of economics. MBA 6008, Global Economic Environment, exposed us to some interesting studies of the challenges and opportunities that exist in our global economic landscape. I would enjoy having a deeper understanding of the complexities of global economic markets, currency exchange, and trade policies. These may benefit me in our airline simulation and would definitely benefit me in my current job.

 

Post 2

Identify the courses that were most helpful to you as you went through the simulation and explain why you found these courses most relevant.

 

One of the courses that I found most relevant was the financing aspect of the simulation. The impact of shareholders and dividend payouts had significant impact on the success of our airline.

I took a finance and value creation course which emphasized the importance of capital budgeting as it related to our decision to purchase another aircraft. Our team made a strategic decision to use one option over another. The course helped me provide input to help the team make the best decision for the firm. The course also provided insight on how to strategically increase sales whether it was providing discounts when demand was low and removing them when it was forecasted to increase. This was crucial to our firm seeing consistent net profits quarter over quarter.

 

Identify any areas where you would have preferred to have more preparation before engaging in this simulation.

 

I would have preferred to have more insight regarding the impact of hiring sales people. I was not sure how to effectively leverage the addition and responsibilities of the salesperson that we hired. With the help of my colleagues, they were able to help me understand why we should or should not add or keep our existing sales force levels. 

SophiaPretty

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Status NEW Posted 22 Jul 2017 04:07 PM My Price 7.00

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