Cranfield Business Simulations @yourService Highly competitive … meeting customer needs … service challenges @yourService is a richly complex and rewarding business simulation, facing service challenges head-on. It has been specifically developed to explore the challenges facing management in service industries, where meeting and exceeding expectations, delivering to customer standards and market positioning is an important key to success. It’s interactive, so the decision of any one team will impact both on the market place and on the performance of competitors. Structure In @yourService, we simulate the management of a hotel - a uniquely demanding service environment. Participants are asked to cope with a series of variables, including the range and quality of services offered, pricing, promotional activities and the management of human and financial resources. As the hotel’s Management Team, participants seek to differentiate their hotel by virtue of size, price, market position or the special facilities offered. They can increase the number of bedrooms, enlarge or reduce their restaurant facilities, improve the level of service, add new facilities such as shops, fitness centre, conferencing, and choose their price point in the market. The challenge is to produce a profitable business in a changing competitive landscape. Success will be reflected in the skill in achieving consistency between the vision and strategy, together with the ability to interpret and anticipate market trends and competitor actions. +44 (0)1234 754427 | k.l.valverde@cranfield.ac.uk | www.cranfield.ac.uk/som/cced Cranfield Business Simulations Benefits “We had to deliver against tight service standards” Service quality; Customer perceived value @yourService provides exposure to many of the challenges facing business managers, in both commercial and behavioural terms. The simulation can extend over 1½ or 2 days or as a series of inter-modular decisions over a longer period via the internet, depending on objectives, with a pre-read advisable. Decision periods vary between 1½ and 2 hours. “We learned to target our market and meet expectations” Market segmentation; Marketing Mix “We learnt so much, struggling to work as a team” Interpersonal relationships within the team environment; Influence; Persuasion; Communication The simulation also allows for the exploration of team and individual behaviours. Observers of the teams can see and feed back on behaviours within the teams. This can be done within the context of models that the organisation may already use, such as MBTI, or by introducing models and concepts of behaviour before the simulation begins. “Having effective staff to support our service levels was key.” Service Profit Chain “Initially, we just jumped in without thinking through the consequences.” Risk & Return; Cash management; Cost management Strengths of @yourService The very complexity of the simulation means that it also fully explores the nature of interpersonal relationships within the team environment. WHAT? Service quality 180 Rooms 100 covers 3 Banquet Halls 3 Leisure services Building Brand & Reputation Marketing Channels 4 service types Start Position: 6 Competitors – 16.7% market share Funding: Cash €1.5m Existing debt € 9.6m Available Loan € 3m Retained Earnings € 1.13m Price & Discounts WHO to attract and HOW? HOW to match customer needs with organisational capability? Customer Needs Expansion projects Asset up-keep Effective employees (fixtures and fittings) WHO? 4 client types Through efficient management of facilities • Tourists • Groups • Business Travellers • Meetings & Events WHY? - Market Analysis Î Journal WHEN? - Seasonality of market demand It’s our simulation. But it’s your business. +44 (0)1234 754427 | k.l.valverde@cranfield.ac.uk | www.cranfield.ac.uk/som/cced