2
Contents
Introduction 2
The year 2019 2
The year 2020 4
The year 2021 5
The year 2022 6
The year 2023 8
The year 2024 10
The year 2025 & 2026 12
Conclusion 15
References 16
Introduction
In the current competitive world, it is needed to possess lots of expertise with the standard education qualification, particularly with in the accounting world. However, its robust to seem for a much better career with solely a graduate certificate. By realizing that, KOI enables us to be a part of business simulation, a virtual business structure, designed by Smartsims company. The business simulation offers collaboration, company coaching, leadership and to review analytics information in simulated surrounding ( Doortraining, 2019). We started the simulation with single player and shifted on to the multiplayer, which grants us to compare our company with other companies.
The year 2019
To comprehend Mikesbikes introduction multi-player, we began playing the single player, a smaller interpretation of multi-player which assisted us to rehearse with the PC as a contender. In the wake of playing single-player for half a month, I got Idea how to play and settle on choices in the game.
The primary gathering we did was in one of my colleague's home. We as a whole sat together with our workstation and tablets and checked the market data. The multi-player began with the default item, which was a mountain item. From the market summary, we check our market share and furthermore checked the demand in the market. From that data, we determined 23000 creations for the 1st year, and the cost was chosen $690 as we spent $1,500,000 on item advertising and public relation to expanding the recognition in the market.
We got the main outcome on Sunday 12 PM. We averaged in the beginning of the year. In spite of the fact that our shareholder value didn't get so high, the product sale and awareness were huge. The shareholder value increased, and it moved to $11.78, which was 4.9% expansion, contrasted with the most recent year, and the retails sales was $11,807,280. Due to a striking measure of use, our profit after tax was $1,094,513. Our rival, The Bali Ways, gained the most elevated situation in our reality.
The year 2020
In the subsequent year, we got two more new choice, for example, the retail margin for the retail shop and branding to improve the goodwill in the market. In our gathering, we examined generously for those two choices. We reasoned that as opposed to paying a high edge to the retailer, we picked to contribute more cash on branding get progressively potential clients in the market. We gave 61.2% margin to the retailer and burned through $300,000 on branding. We increment the item cost at $780 with 30000 units of generation.
We accomplished $13.51 shareholder value, however we expected a greater amount of our SHV esteem than what we got in the subsequent year. In any case, we were the second last in sales. Our deals in 20 ...
2ContentsIntroduction2The year 20192The year 20204.docx
1. 2
Contents
Introduction 2
The year 2019 2
The year 2020 4
The year 2021 5
The year 2022 6
The year 2023 8
The year 2024 10
The year 2025 & 2026 12
Conclusion 15
References 16
Introduction
In the current competitive world, it is needed to possess lots of
expertise with the standard education qualification, particularly
with in the accounting world. However, its robust to seem for a
much better career with solely a graduate certificate. By
realizing that, KOI enables us to be a part of business
simulation, a virtual business structure, designed by Smartsims
company. The business simulation offers collaboration,
company coaching, leadership and to review analytics
information in simulated surrounding ( Doortraining, 2019). We
started the simulation with single player and shifted on to the
multiplayer, which grants us to compare our company with other
companies.
The year 2019
2. To comprehend Mikesbikes introduction multi-player, we began
playing the single player, a smaller interpretation of multi-
player which assisted us to rehearse with the PC as a contender.
In the wake of playing single-player for half a month, I got Idea
how to play and settle on choices in the game.
The primary gathering we did was in one of my colleague's
home. We as a whole sat together with our workstation and
tablets and checked the market data. The multi-player began
with the default item, which was a mountain item. From the
market summary, we check our market share and furthermore
checked the demand in the market. From that data, we
determined 23000 creations for the 1st year, and the cost was
chosen $690 as we spent $1,500,000 on item advertising and
public relation to expanding the recognition in the market.
We got the main outcome on Sunday 12 PM. We averaged in the
beginning of the year. In spite of the fact that our shareholder
value didn't get so high, the product sale and awareness were
huge. The shareholder value increased, and it moved to $11.78,
which was 4.9% expansion, contrasted with the most recent
year, and the retails sales was $11,807,280. Due to a striking
measure of use, our profit after tax was $1,094,513. Our rival,
The Bali Ways, gained the most elevated situation in our
reality.
3. The year 2020
In the subsequent year, we got two more new choice, for
example, the retail margin for the retail shop and branding to
improve the goodwill in the market. In our gathering, we
examined generously for those two choices. We reasoned that as
opposed to paying a high edge to the retailer, we picked to
contribute more cash on branding get progressively potential
clients in the market. We gave 61.2% margin to the retailer and
burned through $300,000 on branding. We increment the item
cost at $780 with 30000 units of generation.
We accomplished $13.51 shareholder value, however we
expected a greater amount of our SHV esteem than what we got
in the subsequent year. In any case, we were the second last in
sales. Our deals in 2020 were 12,226 units and the 1st position
was taken by The Bali Ways with 30,068 units. The least SHV
was $12.72, which was held by Ilam organic tea in our reality.
The year 2021
With the accomplishment of the past two years, we kicked more
inspiration and off to accept that we can accomplish the most
noteworthy outcome in the game. We concentrated more on our
gathering meeting. We attempted to offer our best input by the
market data. In the third year, we got the chances to take care of
our obligation for which we were paying $80,000 interest. The
interest was a cost for our organization, and it diminished the
benefit after expense. That is the reason we chose to pay
everything of debt, which was $1,000,000. Other than that, we
4. got a capacity planner, however we didn't purchase any, and we
put resources into efficiency and quality in that year.
The consumption in the year 2021 was incredibly high so that
there was a critical downfall in the profit after tax and the
shareholder value additionally dropped and it held at $7.90. The
Bali Ways effectively figured out how to accomplish in front of
the rest of the competition in our reality.
The year 2022
Our group was concerned about the fourth year of the game.
There were tons of things to do in that year. The most
significant choice was to dispatch another product. We broke
down the market information and discovered that the road
product would be the best one to dispatch that specific year. We
launched the road item, and the value was $2,400 with 8900
units of preparations. We likewise built up the mountain item
and expanded the cost. The dispatch of another item and
development cost us $3,000,000 and spent exceptionally on
expanding capacity, efficiency and quality. We began
repurchasing the shares from the market yet avoided from
giving dividend because of shortage of cash in the company.
5. We stood by restlessly till Sunday 12 PM to check the
outcomes. The outcomes were past our desire. We imagined that
we committed some generous errors in year four. However, later
to having the outcomes, we understood that we settled on right
choices for all components. The SHV moved to $31.49, and the
expansion was 298.6% compared to the most recent year. There
was an impressive growth in retail sales and profit after tax.
The year 2023
In our meeting, we checked on the consequences of the fourth
year. We comprehended that it was fundamental to proceed with
the marketing campaign and branding of the item to help all the
items in the market. We discovered that there was another item
opening, and we chose to dispatch the youth item, which was
the last item in all item. We launched the item and put a cost of
$388, and the production was 37000 units. We additionally
improved all the current item. Including product launch and
development. We burned through $5,000,000 with respect to
that. We expanded the cost of the item to adapt up to the
expenditure we made.
6. The outcome multiplied that year compared with the most recent
year. The SHV of our organization soar, and it became $59.89.
The year 2024
In that year, we concentrated on the cost effectiveness and
chose to deliver a dividend to our investor in our week after
week meeting. We kept on building up all the current item and
expanded the item value. There was another item opening to
dispatch an item, however we chose not to dispatch the other
item as we already launched all the item in the market. We
gained all the redeemable offers and delivered $5.5 dividend per
share.
Our SHV turned out to be practically double the past year,
which was $114.89. The Bali Ways was still holding the first
place , and Teli PTD LTY was right behind them.
7. The year 2025 & 2026
There was consistent accord in our group that we would not
improve any item during the seventh and eighth year of the
game. We kept on concentrating on cost effectiveness in our
factory just as in the administration zone. We diminished the
branding, efficiency and quality consumption over the most
recent two years. We continued delivering a full dividend to our
investors, and we quit expanding the product cost.
In the final year, our SHV raised to $242.12. Our organization
accomplished the third situation in our reality The Bali ways
and Teli Ptd Ltd were 1st and 2nd . They figured out how to
build the SHV and got somewhat more than our SHV. Ilam
Organic Tea couldn’t conquer their concern and got $4.34 SHV.
In the entire class, our rank was 9, and we accept that we did
well as per the effort we gave.
.
From the diagram above, we can see that there was a steady
increment from 2018 to 2021. The sales revenue soar during the
year 2021 to 2023. Over the final three years, there was a slight
downfall because of the steady market demand. We did well
seeing our sales revenue for all the years.
8. Conclusion
Over the two months of the Mikesbikes game, we figured out
how to work together and speak with the colleagues. We
comprehended the significance of cooperating in a group. We
settled on all the choices together by giving crucial data and
genuine belief of the colleagues. We helped each other in the
hours of troubles of the game and effectively conquered them
with the joined efforts. As I would like to think, the business
project unit at KOI makes a stage to understand the need of
teamwork at the working environment, education field and in
our day by day life. We welcome the efforts of our respected
instructor and tutor for allowing us to understanding the
business simulation.
References
Doortrainingcoin. 2019. DOOR Training and Consulting India.
[Online]. [1 Feb 2020]. Available from:
http://www.doortraining.co.in/blog/business-simulation-games/
https://course.smartsims.com/student/course-page/mikesbikes-
intro#0 [Accessed 3 Feb. 2020].esbikes-intro