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Foundation decision making_process_2013


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Foundation decision making_process_2013

  1. 1. The Decision Making Process This presentation shows thegeneral guidelines of the decision making process in Foundation®
  2. 2. School: Bloomsburg UniversityProfessor: Dr. Lam NguyenClass: MGMT 481-Business Policies
  3. 3. The Six Basic Strategies:The “Six Basic Strategies” give you a starting point. Makesure before you start making any decisions to go over thestrategies and choose one that you feel comfortable using.Keep in mind that all these strategies are proven to work, ifyou’re not doing well it’s more likely that you’re executingthe strategy incorrectly. Link to Six Basic Strategies
  4. 4. Practice or Competition Rounds Double click on: Foundation.xls Choose: Work with my decisions online Enter your User ID and Password Go to Decisions
  5. 5. Research and DevelopmentR &D Marketing Production Finance Additional Modules Go to Decisions > R&DFor Existing products: Change For New Products: Change product’s attributes to meet product’s attributes to meet“Customers Buying Criteria” “Customers Buying Criteria”Change: Size, Performance & 1. Give name to new product MTBF 2. Choose: Size, Performance & MTBF Changes in R&D affect: 3. Buy Capacity & Automation 1. Age of the product (current (buy it this year, use it next age/2) year) 2. Revision Date (when will the product be available for sale) 3. Cost
  6. 6. MarketingR &D Marketing Production Finance Additional Modules Go to Decisions > Marketing Enter: Price (Look at Customer Buying Criteria) Enter: Promo Budget & Sales Budget (Look at Six Basic Strategies + Student Guide) Enter: Your Sales Forecast (Look at Online Manager Link to Sales Forecast Guide or Student Guide > Forecasting) Enter: A/R & A/P (Look at Online Manager Guide)
  7. 7. Production R &D Marketing Production Finance Additional Modules Go to Decisions > ProductionFor Existing Products: For New Products: Discontinue a Product:Enter Production Schedule Buy Capacity: Buy/Sell 1. If no inventory > Sell all Capacity > enter positive capacity (enter negativeBuy or sell capacity (if number number in Buy/Sellapplicable) Capacity)In “Buy/Sell Capacity” cell: Choose automation level:- Buy: enter (+) number Enter (+) number in: New 2. If there is inventory >- Sell: enter(-) number Autom. Rating. Sell all but 1 unit of capacityChange Automation in:New Autom. Rating (ifapplicable)
  8. 8. FinanceR &D Marketing Production Finance Additional Modules Go to Decisions > Finance Your Goal is: Cash Position by the End of Year should be POSITIVE Borrow Money Retire Money Issue 10-year bonds: Long Retire bonds early Term Debt Retire stocks Issue Stocks: selling common stock to the public Dividends Borrow 1-year notes: Current Issue Dividends: give money Debt to Shareholders Important: these numbers are as good as your FORECASTING. The real numbers might be different.
  9. 9. Additional ModulesR &D Marketing Production Finance Additional Modules For Additional Modules: Go to Online Manager Guide Or Help > Tutorials & Demos > Additional Modules Or Student Guide Link to Additional Modules
  10. 10. Links to Additional Resources:Spreadsheet Demonstrations: Additional Material:R&D Student Guide PDFProduct Invention Manager GuideMarketing Developing a Sales ForecastProductionFinance
  11. 11. Best of Luck!