FERRIS DEBREIFING

advertisement
FERRIS DEBREIFING
Stephanie Bohm
Jessica Burris
Eileen Kuchera
Christine Wefel
Jason Windorski
REVIEW
Continued
PERFORMANCE ANALYSIS
MARKET SEGMENT
Competitors stocked out, allowing
us to sell more of our product
CRITICAL ROUNDS





Round 4
Material Cost
reduction: 5.86%
Labor Cost
reduction: 7.22%
R&D Cycle time
reduction: 30.30%
Administrative Cost
reduction: 47.54%
Demand increase:
7.69%





Round 6
Material Cost
reduction: 11.08%
Labor Cost
reduction: 13.29%
R&D Cycle time
reduction: 40.01%
Administrative Cost
reduction: 60.02%
Demand increase:
13.78%
WHAT WE HAVE LEARNED





The importance of working as a team rather
than working as individuals
Everyone’s input is important whether we
disagree or not
Researching any decision is a pertinent step
in any business decision
Every decision made had an effect on other
decisions
How to analyze various accounting reports
(income statement, cash flow, balance sheet)
PROJECTION AND AREA
STRENGTHS
Research & Development
Market Share
Company
Production and Profit
Rd 1
Rd 2
Rd 3
Rd 4
Rd 5
Rd 6
Rd 7
Rd 8
Cumulative
Andrews
$2,515
$5,094
$2,429
$5,942
$2,512
$6,277
$4,280
$0
$29,049
Baldwin
$2,158
$6,219
$3,951
$3,174
$6,170
$2,329
($2,398)
$0
$21,603
Chester
$2,225
$826
($643)
($169)
$5,101
$4,895
$17,051
$0
$29,286
Digby
$2,286
$2,584
$2,022
$1,821
$5,890
$48
$5,031
$0
$19,682
Erie
$3,102
$5,654 ($10,763) ($10,120)
$2,634
$3,134
$8,148
$0
$1,789
$3,121
$8,986
$20,545
$15,402
$0
$56,843
Ferris
$884
$4,700
$3,205
Finance
What would we do differently?
Greater Contribution Margin
 Reduce Costs
 Increase Selling Prices

Strengths
Weaknesses
Team decisions
 Product met ideal
guidelines
 Specialization
 Specific meeting times



Individual decisions during
practice rounds
Investment practices
Team Performance
Team Atmosphere
Specific meeting times
 Utilization of special expertise from all
members
 Review of reports together

References

All graphs and charts are from Capsim
Management Simulations Inc. (2010).
Foundation. Retrieved May 2, 2010, from
Capsim website:
http://www.capsim.com/menuApp/student
Main.cfm
Download