Globus Simulation Firm Analysis
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Globus Simulation Firm Analysis
- 1. Celfie Cameras Inc. Glo-Bus Simulation
- 2. 2
- 3. Learning from Mistakes Concentrate on the value of the product for pricing Aggressive price cutting makes it difficult to recover the costs Fell a prey to Price war in the marketMistake Learning Application 3 Celfie Cameras Inc.
- 4. Best combination of alternatives should be chosen after evaluation Labour costs and its productivity have direct implication on Profits Improper cost benefit analysis of compensation and laborMistake Learning Application 4 Learning from Mistakes Celfie Cameras Inc.
- 5. Synchronization among different departments Cost Price Operating Losses (High Marketing) (Price sensitive) Ignoring the impact of Marketing Expenditure on total costMistake Learning Application 5 Learning from Mistakes Celfie Cameras Inc.
- 6. Product development should be gradual and cost effective Focus on the timeline for developing the product Drastic increase in P/Q rating in initial stagesMistake Learning Application 6 Celfie Cameras Inc. Learning from Mistakes
- 7. In depth analysis of reports Loss from Entry level product was offset by Profit from Multi featured product Overlooking the segregated profits of product linesMistake Learning Application 7 Celfie Cameras Inc. Learning from Mistakes
- 8. Effective time management Allocation of time to every department Hasty decisionsMistake Learning Application 8 Celfie Cameras Inc. Learning from Mistakes
- 9. Effective sales forecast is the key to success Make decision by strategy and not on projection Improper ForecastingMistake Learning Application 9 Celfie Cameras Inc. Learning from Mistakes
- 10. Clarity in vision and objectives Revenue is not the only factor for Company’s success Too much focus on increasing RevenueMistake Learning Application 10 Celfie Cameras Inc. Learning from Mistakes
- 11. CSR helps the company to sustain in the market and increase the brand image Image rating plays a major role in market position Avoiding expenditure on Corporate Social ResponsibilityMistake Learning Application 11 Celfie Cameras Inc. Learning from Mistakes
- 12. Other Learning • Proper understanding of the Participation Guide (PAT Training- diminishing ) • Business strategies should be inimitable • Market dynamics - Adaptable strategy • Team Work and co-ordination • Efficient cash management- timely loan repayment • Competitor Analysis 12 Celfie Cameras Inc.
- 13. Questions? 13
- 14. Thank you 14
Editor's Notes
- Price the product that atleast recover the costs
- Lead to higher costs and pricing for which was not cost effective Product development should be gradual and cost effective
- Easily copyable by rivals Market dynamics- Felix eg. Comes on top.