Glo-Bus 2018 winning strategies from a 2018 Grand Champion.
Revised Video and Tips 2018-10-13
Contact me if you need help: w.patrick.law@gmail.com. I will never sell you anything, but I would appreciate it if you like, comment and subscribe.
Videos:
Detailed Pro Tips: https://youtu.be/VVqQ7VAaJSA
Other (Simplified) Video: https://youtu.be/omTK1GmVo0Y
Glo-Bus Winning Strategy: The tested Strategy to Win Glo-busAmi Sampath
A concise presentation on glo-bus winning strategy, which includes some glo-bus simulation tips for those who are taking up the glo-bus business strategy game. Glo-bus business strategy game demystified is an ebook consist of some valuable glo-bus simulation cheats and tactics to win the game with a minimum effort.
FREE PREVIEW OF VIETNAM DAIRY MARKET 2018
ACCESS VIA: https://bit.ly/2DUt74i
Download free preview of Vietnam Dairy Market 2018 to have overview of market performance, insight and upcoming trends as well as key players within the market.
Chiến lược xuất khẩu cà phê Trung Nguyên sang MỹYenPhuong16
Chiến lược xuất khẩu cà phê Trung Nguyên sang Mỹ, Giới thiệu sơ lược về Công ty cà phê Trung Nguyên, Sản phẩm cà phê của Trung Nguyên, Nhu cầu của thị trường Hoa Kỳ về sản phẩm cà phê, Thuế quan và các chính sách của Hoa Kỳ khi nhập khẩu cà phê Việt Nam, Phân khúc thị trường, Khách hàng mục tiêu, Thâm nhập thông qua xuất khẩu thông thường, Thâm nhập qua hợp đồng nhượng quyền, Giới thiệu về hệ thống nhượng quyền Trung Nguyên, Đánh giá những khó khăn của Trung Nguyên khi nhượng quyền tại Hoa Kỳ, Ma trận SWOT, Sử dụng các điểm mạnh để khai thác các cơ hội, Chiến lược ST: Sử dụng các điểm mạnh để né tránh các nguy cơ, Chiến lược WO: Hạn chế điểm yếu khai thác cơ hội, Chiến lược WT: Tối thiểu hoá các nguy cơ và né tránh các đe doạ
Khóa luận tốt nghiệp Quản trị kinh doanh: Nghiên cứu các yếu tố ảnh hưởng đến việc mua xe máy của khách hàng tại công ty TNHH Hồng Phú - Huế cho các bạn làm luận văn tham khảo
Glo-Bus Winning Strategy: The tested Strategy to Win Glo-busAmi Sampath
A concise presentation on glo-bus winning strategy, which includes some glo-bus simulation tips for those who are taking up the glo-bus business strategy game. Glo-bus business strategy game demystified is an ebook consist of some valuable glo-bus simulation cheats and tactics to win the game with a minimum effort.
FREE PREVIEW OF VIETNAM DAIRY MARKET 2018
ACCESS VIA: https://bit.ly/2DUt74i
Download free preview of Vietnam Dairy Market 2018 to have overview of market performance, insight and upcoming trends as well as key players within the market.
Chiến lược xuất khẩu cà phê Trung Nguyên sang MỹYenPhuong16
Chiến lược xuất khẩu cà phê Trung Nguyên sang Mỹ, Giới thiệu sơ lược về Công ty cà phê Trung Nguyên, Sản phẩm cà phê của Trung Nguyên, Nhu cầu của thị trường Hoa Kỳ về sản phẩm cà phê, Thuế quan và các chính sách của Hoa Kỳ khi nhập khẩu cà phê Việt Nam, Phân khúc thị trường, Khách hàng mục tiêu, Thâm nhập thông qua xuất khẩu thông thường, Thâm nhập qua hợp đồng nhượng quyền, Giới thiệu về hệ thống nhượng quyền Trung Nguyên, Đánh giá những khó khăn của Trung Nguyên khi nhượng quyền tại Hoa Kỳ, Ma trận SWOT, Sử dụng các điểm mạnh để khai thác các cơ hội, Chiến lược ST: Sử dụng các điểm mạnh để né tránh các nguy cơ, Chiến lược WO: Hạn chế điểm yếu khai thác cơ hội, Chiến lược WT: Tối thiểu hoá các nguy cơ và né tránh các đe doạ
Khóa luận tốt nghiệp Quản trị kinh doanh: Nghiên cứu các yếu tố ảnh hưởng đến việc mua xe máy của khách hàng tại công ty TNHH Hồng Phú - Huế cho các bạn làm luận văn tham khảo
Phân tích chính sách thâm nhập thị trường của heineken tại Việt Namluanvantrust
LINK DOWNLOAD:https://sividoc.com/vi/document/chinh-sach-tham-nhap-thi-truong-cua-heineken
Phân tích chính sách thâm nhập thị trường của heineken tại Việt Nam
Chuỗi cung ứng Vinamilk và những vấn đề xuất hiện trong chuỗi cung ứngQuân Thế
Quản lý Logistics - Kỹ thuật hệ thống công nghiệp - ĐH Bách Khoa TP.HCM
Thành viên nhóm:
1 Nguyễn Thế Quân 1914835
2 Nguyễn Thuỳ Trang 1915588
3 Lê Thị Như Huỳnh 1913596
4 Nguyễn Thị Mỹ Duyên 1912938
5 Đoàn Trần Uyển Nhi 1914499
6 Nguyễn Thị Thanh Trà 1915597
7 Nguyễn Thị Ánh Dung 1912866
Vietnam is one of the biggest instant noodle market in the world. We had investigated the store share by counting the store share of the major retail channel
Phân tích chiến lược kinh doanh Highland CoffeeYenPhuong16
Phân tích chiến lược kinh doanh Highland Coffee, Tổng quan về cafe Highlands Coffee, Sơ lược về quán cafe Highlands Coffee, Các sản phẩm cà phê Highlands Coffee, báo cáo thực tập ngành marketing, chiến lược kinh doanh chính của Highlands Coffee
Vietnam’s beer consumption is the highest among all South East Asia countries, while the other alcohol options such as whisky or wine have the increasing popularity. The recent impact of Covid-19 and the more strict alcohol control in driving had impacted the way they take alcohol.
This survey was made in order to understand Vietnamese alcohol drinking behaviors.
This survey was conducted among 18 years old in Vietnam of 504 in January 2021.
Phân tích chính sách thâm nhập thị trường của heineken tại Việt Namluanvantrust
LINK DOWNLOAD:https://sividoc.com/vi/document/chinh-sach-tham-nhap-thi-truong-cua-heineken
Phân tích chính sách thâm nhập thị trường của heineken tại Việt Nam
Chuỗi cung ứng Vinamilk và những vấn đề xuất hiện trong chuỗi cung ứngQuân Thế
Quản lý Logistics - Kỹ thuật hệ thống công nghiệp - ĐH Bách Khoa TP.HCM
Thành viên nhóm:
1 Nguyễn Thế Quân 1914835
2 Nguyễn Thuỳ Trang 1915588
3 Lê Thị Như Huỳnh 1913596
4 Nguyễn Thị Mỹ Duyên 1912938
5 Đoàn Trần Uyển Nhi 1914499
6 Nguyễn Thị Thanh Trà 1915597
7 Nguyễn Thị Ánh Dung 1912866
Vietnam is one of the biggest instant noodle market in the world. We had investigated the store share by counting the store share of the major retail channel
Phân tích chiến lược kinh doanh Highland CoffeeYenPhuong16
Phân tích chiến lược kinh doanh Highland Coffee, Tổng quan về cafe Highlands Coffee, Sơ lược về quán cafe Highlands Coffee, Các sản phẩm cà phê Highlands Coffee, báo cáo thực tập ngành marketing, chiến lược kinh doanh chính của Highlands Coffee
Vietnam’s beer consumption is the highest among all South East Asia countries, while the other alcohol options such as whisky or wine have the increasing popularity. The recent impact of Covid-19 and the more strict alcohol control in driving had impacted the way they take alcohol.
This survey was made in order to understand Vietnamese alcohol drinking behaviors.
This survey was conducted among 18 years old in Vietnam of 504 in January 2021.
Exchange Rates - Previous Years
YEAR 11
YEAR 12
YEAR 13
YEAR 14
YEAR 15
YEAR 16
YEAR 17
YEAR 18
YEAR 19
YEAR 20
Exchange Rate Impact on
Revenues Generated in:
Europe-Africa (US$ per €)
1.2062
1.1879
1.1938
1.189
1.1933
1.1816
1.1778
1.1734
1.1776
1.1877
Asia-Pacific (US$ per Sing$)
0.752
0.7419
0.7429
0.7424
0.7456
0.7422
0.7424
0.7433
0.7441
0.7469
Latin America (US$ per R)
0.1783
0.1723
0.1791
0.1778
0.1799
0.181
0.1771
0.1733
0.1752
0.1789
Exchange Rate Impact on
Cost of Pairs Shipped from:
North America Plant to
Europe-Africa (€ per US$)
0.829
0.8418
0.8377
0.841
0.838
0.8463
0.849
0.8522
0.8492
0.842
Asia-Pacific (Sing$ per US$)
1.3298
1.3479
1.3461
1.347
1.3412
1.3473
1.347
1.3454
1.3439
1.3389
Latin America (R per US$)
5.6085
5.8038
5.5835
5.6243
5.5586
5.5249
5.6465
5.7703
5.7078
5.5897
Europe-Africa Plant to
North America (US$ per €)
1.2062
1.1879
1.1938
1.189
1.1933
1.1816
1.1778
1.1734
1.1776
1.1877
Asia-Pacific (Sing$ per €)
1.6041
1.601
1.6069
1.6015
1.6003
1.5921
1.5863
1.5788
1.5825
1.5903
Latin America (R per €)
6.7659
6.8966
6.6313
6.689
6.6357
6.5274
6.6489
6.7705
6.7249
6.6401
Asia-Pacific Plant to
North America (US$ per Sing$)
0.752
0.7419
0.7429
0.7424
0.7456
0.7422
0.7424
0.7433
0.7441
0.7469
Europe-Africa (€ per Sing$)
0.6234
0.6246
0.6223
0.6244
0.6249
0.6281
0.6304
0.6334
0.6319
0.6288
Latin America (R per Sing$)
4.218
4.307
4.1434
4.1762
4.1455
4.1013
4.1924
4.2886
4.2481
4.1742
Latin America Plant to
North America (US$ per R)
0.1783
0.1723
0.1791
0.1778
0.1799
0.181
0.1771
0.1733
0.1752
0.1789
Europe-Africa (€ per R)
0.1478
0.145
0.1508
0.1495
0.1507
0.1532
0.1504
0.1477
0.1487
0.1506
Asia-Pacific (Sing$ per R)
0.2371
0.2322
0.2413
0.2395
0.2412
0.2438
0.2385
0.2332
0.2354
0.2396
Exchange Rates Affecting Year 20
YEAR 19
YEAR 20
REVENUE IMPACT
Exchange Rate Impact on
Revenues Generated in:
Europe-Africa (US$ per €)
1.1776
1.1877
4.29%
Asia-Pacific (US$ per Sing$)
0.7441
0.7469
1.88%
Latin America (US$ per R)
0.1752
0.1789
10.56%
Exchange Rate Impact on
Cost of Pairs Shipped from:
North America Plant to
Europe-Africa (€ per US$)
0.8492
0.8420
-4.24%
Asia-Pacific (Sing$ per US$)
1.3439
1.3389
-1.86%
Latin America (R per US$)
5.7078
5.5897
-10.35%
Europe-Africa Plant to
North America (US$ per €)
1.1776
1.1877
4.29%
Asia-Pacific (Sing$ per €)
1.5825
1.5903
2.46%
Latin America (R per €)
6.7249
6.6401
-6.30%
Asia-Pacific Plant to
North America (US$ per Sing$)
0.7441
0.7469
1.88%
Europe-Africa (€ per Sing$)
0.6319
0.6288
-2.45%
Latin America (R per Sing$)
4.2481
4.1742
-8.70%
Latin America Plant to
North America (US$ per R)
0.1752
0.1789
10.56%
Europe-Africa (€ per R)
0.1487
0.1506
6.39%
Asia-Pacific (Sing$ per R)
0.2354
0.2396
8.92%
BSG SIMULATION
ANA SOFIA ELJACH
OSCAR GUTIERREZ
PROFESSOR JUAN STEGMANN
BUSI-4900D-1
Mission Statement
Our mission is to collaborate to develop technology, processes and quality products according to the demand of our customers and ...
IntroductionDigitCam Company BackgroundAt this time, our.docxnormanibarber20063
Introduction
DigitCam Company Background:
At this time, our company proposes to sell close to 800,000 entry-level cameras and 200,000 multi-featured cameras annually. Prior-year revenues were US$ 206 million and net earnings were US$ 20 million, equal to US$ 2.00 per share of common stock.
GLO-BUS – Decision for Year 10
DigitCam Company is in sound financial condition and is performing well. Its products are well regarded by digital camera users. DigitCam’s board of directors has charged the co-managers with developing a winning competitive strategy—one that capitalizes on growing consumer interest in digital cameras, keeps the company in the ranks of the industry leaders, and boosts the company's earnings on an annual basis.
· Develops a strategic plan depicting reasons within a scenario, critiques team decisions and corresponding results associated with business management, and evaluates both short- and long-term implications.
At this juncture, DigitCam is ranked 4th on the GLO-BUS – Game to Date Industry Scoreboard – Year 9. This is a business need for an improvement on our company performances. DigitCam was ranked 2nd on the GLO-BUS- Game to Date Scoreboard – Year 8. With that in mind, the co-managers’ rolling analysis assessment, is looking backward and forward in time; and understanding the simulation decision results. It is especially important that the key now is to watch what the competition is doing - first investor expectations, and then the competition. Therefore, using a high-performance business management technique- include but not limited to the following:
Looking back in time, the management of our company thought consumers are willing to pay a higher price for higher quality products. Respectively, after our Decisions for Year 6,7,8 and 9, the co-managers figured out, that is not necessarily the reality. After these four rounds, we have realized that the strategic management for this global competition does not qualitatively recognize our “high quality, and high price” strategy. Quite logically, the system responds more for low prices and hence giving more market share to low priced digital cameras and products. All this being said, corporate social responsibility and business ethics now play an influential role in a company's strategic management – DigitCam was the corporate social responsibility award winner for Year 9.
With this being said, DigitCam Company is in the making of Decision for Year 9, and it would be revising the simple strategy, which largely focused on quality of the camera. For the reason, the process making our digital camera products to be the best in the market is also the most expensive. The management of this company has observed that we need to price our cameras competitively, maximize our R&D every year, going forward, determine to win the market share (for both entry-level and multi-featured cameras) and making sure that the company is hitting investor expectations the end of each year de.
Read MESTARTFree Excel Student TemplateDear Student,By using thi.docxcatheryncouper
Read ME
STARTFree Excel Student TemplateDear Student,By using this Template, you hereby agree to the Copyright terms and conditions. This Template should save you considerable time and allow for your presentation to be more professional. Do not mistake this Template for doing all of the work. Your assignment is to analyze and present strategies for the next three years. You will still need to do the research and enter key internal and external information into the Template. The Template does not gather or prioritize information. It does however assimilate information you enter in a professional way and does many calculations for you once that critical information is entered. Best of luck, with your project. INSTRUCTIONS FOR TEMPLATE1Please read all Template instructions below carefully before you start each new section of this Template. Only type in the green boxes unless otherwise noted. Please read the Read ME tab at the bottom of Excel before you start.INSTRUCTIONS FOR EXTERNAL AUDIT<ONLY ENTER DATA IN THE LIGHT GREEN BOXES>1.To perform an External Audit, enter ten opportunities and ten threats. For purposes of this Template, it is vital you have ten of each, no more, no less.2.After entering ten opportunities and ten threats, enter the weight you want to assign to each factor. Be sure to check the bottom of the "Enter Weight Below" column, to make sure your entire column sums is equal to 1.003.After entering in the weights, then enter in a corresponding rating in the "Enter Rating Below" column. The coding scheme is provided below.1 = "company's response to the external factor is poor"2 = "company's response to the external factor is average"3 = "company's response to the external factor is above average"4 = "company's response to the external factor is superior"Enter Weight BelowEnter Rating BelowEnter Ten Opportunities Below1.2.3.EFE Matrix4.5.6.7.8.9.10.Enter Ten Threats BelowEnter Weight BelowEnter Rating Below1.2.3.4.5.6.7.8.9.10.0.00Instructions for Competitive Profile Matrix (CPM)<ONLY ENTER DATA IN THE LIGHT GREEN BOXES>1.To perform the CPM, enter in twelve critical success factors. You may use some of the ones listed below if you like but try to use ones that are more pertinent to your company. For example, if your case is Delta Airlines, having a) on time arrival b) extra fees c) frequent flyer points, etc may be better choices than the canned ones below. For purposes of this Template, it is vital you have twelve factors no more, no less. 2.After entering in twelve critical success factors, enter in the weight you want to assign each one. Be sure to check the bottom of the "Enter Weight Below" column, to make sure your sum weight is equal to 1.003.After entering in your weights, type the name of your company and two other competitors in the corresponding boxes.4.After entering in the weights and identifying your company and two rival firms, then enter in a corresponding rating in the "Enter Rating Below" column for ...
1. Which one of the following is NOT an attractive way to reduce p.docxjackiewalcutt
1. Which one of the following is NOT an attractive way to reduce production and/or marketing costs and strive to achieve a competitive advantage over rivals based on lower overall costs per entry-level camera sold?
Keeping a watchful eye on warranty costs for entry-level cameras and endeavoring to keep them below the industry-average benchmark (as reported on p. 5 of the GLO-BUS Statistical Review)
Making sure that total compensation per full-time PAT member remains at or very close to the industry-low benchmark (as reported on p. 6 of the GLO-BUS Statistical Review)
Striving to keeping marketing costs per entry-level camera in all 4 geographic regions sold to levels that are substantially below the industry-average benchmark (as reported on p. 6 of the GLO-BUS Statistical Review)
Trying several different "what-if" entries for core components to be used in entry-level cameras in order to discover the lowest cost combination for achieving the target P/Q rating
Paying full-time PAT members a sufficiently high total compensation package that boosts the productivity of the labor force enough to keep labor costs per entry-level camera below the industry-average benchmark (as reported on p. 5 of the GLO-BUS Statistical Review)
2. If a management team wishes to boost the company's stock price, then it should consider actions toissue additional shares of common stock and use the proceeds to pay off the borrowings against the company's line of credit.boost the prices it charges for entry-level and multi-featured cameras by a minimum of $10 in all four geographic regions.boost the amount of earnings retained in the business and increase the hoard of cash held in the company's retrained earnings account.spend additional money on corporate social responsibility and corporate citizenship.boost the company's net income and EPS and, also, to repurchase shares of common stock.
3. Which one of the following is NOT a way to improve the P/Q rating of a company's brand of multi-featured cameras?
Increasing the size of the LCD display screen for multi-featured cameras
Spending additional money to improve the imaging devices used in making the company's multi-featured cameras
Improving the optical zoom capability of the company's multi-featured cameras
Spending additional money to improve the ergonomics of the company's multi-featured camera models
Increasing the warranty period for multi-featured cameras from 1 year to 2 years
4. If a company earns net income of $25 million in Year 8, has 10 million shares of stock, pays a dividend of $1.00 per share, and has annual interest costs of $10 million, thenthe company's retained earnings for the year would be $5 million; the $5 million in retained earnings would be shown on the company's balance sheet as a reduction in equity investment by stockholders in Year 9.the company's EPS for Year 8 would be $2.50 and its retained earnings for Year 8 would be $15 million (net income of $25 million less divi ...
IDC 2009 Sales Barometer & Top Ten PredictionsLee Levitt
IDC presents its Top 10 Predictions and an overview of our key findings & recommendations regarding the challenges of selling in 2009. Based on extensive primary research, IDC finds that technology organizations are cautiously optimistic and that high performing sales organizations are shifting investments from direct sales and some training to inside sales, better lead qualification, demand generation and sales enablement.
If you are interested in discussing these findings further or to explore the changes your organization should consider to improve the likelihood of success in 2009, please contact me.
GENERAL SLP SCENARIO / TUTORIALOUTLET DOT COMalbert0067
GENERAL SLP SCENARIO:
The 4-module SLP sequence for BUS599 requires that you run a simulation over an 18-year period, and that you analyze the outcome of the decisions you make at each decision point.
Control ExampleBusiness Name The Café Around the CornerSMAR.docxdonnajames55
Control Example
Business Name: The Café Around the Corner
SMART Goal: Increase customer satisfaction by 10% within a six month time frame.
Criterion being Measured: customer satisfaction
Time Frame For Goal Completion: six months
Explain the system that you will create to track the success of this goal?
Every month, employee surveys will go out to the customers on our mailing list. There will also be surveys attached to each receipt to reach people that haven’t signed up for email. The surveys will ask a variety of questions meant to measure the customer experience and their opinion of Café Around the Corner. All surveys will be electronic and collected in an online database that management can access. The surveys will be sorted by the employee that took care of the customer.
Why is being reliable and completing this goal on time important to the business’ success?
Accomplishing these goals will increase the reputation and financial success of the business. It’s also important to reach these goals in a timely matter as other aspects of the business are relying on me to follow through with expectations. It’s important to be professional and reliable when faced with objectives to complete.
What adjustments will you make if you fall behind completing this goal?
I will continually track the survey scores as they come in. If the business starts to fall behind, I plan on bringing in outside consultants to work with my employees. The consultants will run twice a month trainings that will focus on improving customer satisfaction. Every employee is required to attend at least one a month.
I will also begin rewarding employees that have the highest survey scores at the end of the month. This will improve motivation and create a customer service focus in the business culture. Publically sharing the monthly winners will also create recognition among the employees. These two methods will cover intrinsic and extrinsic motivation.
Pg.587
3. Universal Auto is a large multinational corporation headquartered in the United States. For segment reporting purposes, the company is engaged in two businesses: production of motor vehicles and information processing services.
The motor vehicle business is by far the larger of Universal’s two segments. It consists mainly of domestic U.S. passenger car production, but it also includes small truck manufacturing operations in the United States and passenger car production in other countries. This segment of Universal has had weak operating results for the past several years, including a large loss in 2013. Although the company does not reveal the operating results of its domestic passenger car segments, that part of Universal’s business is generally believed to be primarily responsible for the weak performance of its motor vehicle segment.
Idata, the information processing services segment of Universal, was started by Universal about 15 years ago. This business has shown strong, steady growth tha.
1 Composing Effective Titles One of th.docxtarifarmarie
1
Composing Effective Titles
One of the most overlooked issues in writing a paper is the use of effective titles. In
fact, many times students forget to put a title on their papers at all! But a good title is vital for
it is the very first signpost to your reader. It indicates the subject, tone, and limits of your
paper. Students often put little thought into their titles, but academics often obsess over
them, and the more advanced your studies become the more important a good title will be. It
can be quite difficult to find the perfect title for your paper.
Here are some good tips for writing a title. I'll use examples from our book.
Titles don't always have to be clever, sometimes being direct is the best choice.
• "Outsourcing the Mentally Ill to Police"
• "Threatening Ocean Life"
Many times titles will ask the question they seek to answer.
• "Should Felon’s Vote?"
• "Bilingual or Immersion?"
• “Can you Program Ethics into a Self-Driving Car?”
Some titles use clever plays on words
• "Prescribing Under the Influence"
• "How ‘They’ become ‘We’"
Some use alliteration (the repetition of consonant or vowel sounds).
• "Altered Oceans: Plague of Plastic Chokes the Seas"
Many titles use colons to both use a catchy short title and one that gets to the heart of
the argument.
• "The Point of No Return: Climate Change Nightmares Are Already Here."
• “Ronald Regan’s Shameful Legacy: Violence, the Homeless, Mental Illness.”
Basic ROMI CalcMarketing ROI Campaign Planning ToolCampaign NameLe GrillCampaign ManagerTurki JulaydanDate Updated:December 9, 2018Return on Marketing Plan Information and Assignment Details:You have been asked to plan a marketing campaign for "Le Grill", where you must specify your anticipated marketing investment and translate that figure into a return on investment (ROI) percentage.Use the assumptions and the marketing expense worksheet located below the ROI spreadsheet to help you fill out the information required to calculate the ROI of your planned marketing campaign. Once youhave arrived at your ROI percentage, please answer the questions in the marketing plan Word doc. Submit both this worksheet and your case study to Canvas. ASSUMPTIONSDirections: Assume the following to help you plan your "Le Grill" marketing campaign ROI and answer the case study questions for the marketing plan. Assumption 1: Marketing BudgetYou have been allotted a maximum of $165,000 for marketing expenses, not including staff. I would use $50,000 for campaign development to arrange the events that will take place as the campaign itself. For the email marketing, I would use $10,000 for new customers who are willing to buy Le Grill ex, fathers or other potential customers. For the events and trade shows, I would use $15,000 for the actual event and all its need ex, chairs and tables etc... For the sponsorship, I would use $30,000 for the partners that relate to fathers ex, shaving.
Slides Mike Claiborne recently used in his discussion w/ mentees of The Product Mentor.
The Product Mentor is a program designed to pair Product Mentors and Mentees from around the World, across all industries, from start-up to enterprise, guided by the fundamental goals…Better Decisions. Better Products. Better Product People.
Throughout the program, each mentor leads a conversation in an area of their expertise that is live streamed and available to both mentee and the broader product community.
http://TheProductMentor.com
Adventures in Business Analytics – Optimization and the Organization Garry, s...Tin Ho
Adventures in Business
Analytics – Optimization
and the Organization
Steve Garry
Marketing Optimization and the Organization
November 2014
Generating Better Business
Results Through Analytics
A modern design version of the classic pitch deck template from Pitch Deck Coach.
Learn what investors are looking for in your pitch deck. Avoid common pitch deck mistakes and omissions.
Proactively address the major risk factors investors worry about including Market risk, Product risk, Team risk, and Execution risk.
This comprehensive pitch deck template provides detailed information on every important slide required to convince investors to fund your startup:
Cover slide:
Announce your big idea—the one thing you do better than anyone else. You have 10 seconds to hook your audience.
Investment Summary slide:
Summarize the highlights of your business and investment opportunity. Provide a teaser for what's to come.
Problem slide:
Describe the problem you solve. Identify your target customers (and users) and explain why they are frustrated with current solutions.
Solution slide:
Explain how you provide a better solution and list the unique benefits for customers and users.
Product slide:
Show how your product works in three simple steps. Keep it visual.
Competition slide:
List your competitors. Explain why your product is better than theirs in the eyes of your customers and users.
Business Model slide:
Explain how you make money.
Market Opportunity slide:
Show much money you'll make when you dominate your target market. Bottom-up and top-down.
Traction slide:
Prove that customers love your product and are willing to pay for it.
Growth Strategy slide:
Explain how you'll acquire and retain customers.
Product Roadmap slide:
Show how you'll keep your product competitive.
Financials slide:
Provide a simple model, with explicit assumptions, of how much money you can make in the next 3-5 years.
Team slide:
Introduce a team with the experience and expertise to transform your opportunity into a large, profitable business.
Funding slide:
Ask for the money you need and explain what you'll do with it.
Investment Highlights Recap slide:
Restate the highlights of your business and investment opportunity as a closer.
This deck also includes an elevator pitch template and example. Use it to create short written summary of your pitch deck that an investor can skim in 30 seconds or less.
Similar to Glo bus 2018 grand champion tips 2018-10-09 how to win GLO-BUS (20)
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
2. Background
GLO-BUS is a business simulation game where teams compete
against each other. Typically done as a school activity and linked
to grades, it is popular with MBA and business students and
teachers throughout the world.
To become a Grand Champion, one must win against students at
their own school and then be chosen to compete in the Best
Strategy Invitational (BSI) against other top teams throughout the
world.
At the August 2018 GLO-BUS BSI, our team (Jenuine Cameras)
won 1st place (GrandChampion) because of our strategies.We are
willing to share this information in order to make connections with
other MBA and business school students to expand our personal
networs. Please connect with me on LinkedIn or by email at
w.patrick.law@gmail.com. If you would like to connect or if you
have questions about our GLO-BUS experience, or have questions
about what follows. I have templates, quiz tips and participation
guide notes.
4. General
Strategy:
Scoring
”Beginwiththeendinmind.”
StephenCovey
Your final grade is NOT the average of the previous year’s scores!
Final grade = IE points + BII points + Bonus points
IE points = EPS IE score + ROE IE score + CR IE score + Stock Price IE score + Image IE score
BII points = EPS BII score + ROE BII score + CR BII score + Stock Price BII score + Image BII score
Bonus points = 1 point per round for most improved + 1 point for each good forecast
EPS scores = average full game
ROE scores = average full game
CR IE scores = last year
Stock Price scores = last year
Image scores = last 3 years
ProTip: It is very easy to make-up for lower than expected starting
year scores for EPS & ROE by having a strong finish. In one or two end
game turns, you can make up for 4-5 years of starting years’ relative
weakness (i.e. in your first year, you will worry about a difference of
$0.10 in EPS, in your last year, you will worry about a difference of
$5.00). Use this fact to your advantage by storing value in the first
years and release that pent-up energy on your unsuspecting
competitors in the final years of the game.
5. General
Strategy:
Scoring
”Beginwiththeendinmind.”
StephenCovey
Best IE points:
40% more than weighted average IE expectation for EPS, Stock
Price
30% more than weighted average IE expectation for ROE
Credit rating A+ on the last round only
Image rating weighted average score of 100 on the last three years
only.
Best BII points:
20 points for the best weighted average EPS, Stock Price, ROE, CR,
Image. Everyone else will be given points out of 20 as a fraction of
the highest score of that type. Ties for first in that category still give
20 points.
6. General
Strategy:The
GLO-BUS
Equation
𝑅𝑒𝑣𝑒𝑛𝑢𝑒 − 𝐶𝑜𝑠𝑡𝑠 = 𝐸𝑎𝑟𝑛𝑖𝑛𝑔𝑠; maximizing earnings wins GLO-BUS
Revenue = Market share * Price
Market share = function of (PQ Spending, 1/Price, Marketing Spending)
PQ Spending = function of (component and feature upgrades, 1/models,
cumulative R&D)
Marketing Spending = function of (Retailer Support Budget, Advertising
Budget, Website Displays, Sales Promotions, Camera Warranty Period,
Discounts Offered to 3rd Party Online Retailers,Website Product Displays,
Search Engine Advertising, Retailer Recruitment/Support Budget, Drone
Warranty Period, models)
Costs = function of (COGS, Delivery, Marketing,Administrative
Expenses, interest on debt, charity, income taxes)
COGS (Cost of Goods Sold) = function of (component and feature
upgrades, labour and training, R&D, Warrantee repairs, PPE
maintenance, PPE depreciation)
***The items in bold are things that you can decide***
ProTip: Cash, R&D and PPE are the only ones of this equation that
accumulate directly over time. Free cash yield no advantage if not
invested in assets. This means that long term competitive advantages
can only be built on R&D and PPE. Short term competitive
advantages only last one additional year into the future.
7. General
Strategy:
Moat
”Inbusiness, Ilookforeconomic
castlesprotectedbyunbreachable
moats.”
WarrenBuffett
Long term competitive advantages (moats) (work hard to develop in
first ¾ of the game, exploit in last ¼ of the game):
Economies of Scale Moat: Assuming always operating at 100% capacity,
your factory should be the largest, but less than 2x industry average.
High # units sold = high image and low cost per unit (for any given
product design).
Secrets Moat: without ever going negative EPS, cumulative R&D
investment should be 2.5x the industry average for first ¾ of the game.
Stop investing in R&D in the last ¼ of the game. Cumulative R&D +
current R&D = low cost per unit and high PQ (for any given product
design).
Short term competitive advantages (moats) (use in last ¼ of the
game):
High image: current year market share is a function of last years image
among several other things
High # of 3rd Parties carrying your products: current year market share is
a function of the number of 3rd parties carrying your products among
several other things.
ProTip:You must develop a long term competitive advantage over
time! Playing the game only thinking of the current year is playing
very dangerously.
8. General
Strategy:
Management
"Integritywithoutknowledgeis
weakanduseless,and
knowledgewithoutintegrityis
dangerousanddreadful.“
SamuelJohnson
Overall Recommended Strategy:
Game first ½: keep all scoring metrics as close to the investor
expectations as possible without going over – invest for the long term.
Game second ½: maximize EPS, ROE.
Game last 3 rounds: maximize image.
Game last round: maximize stock price as long as credit rating is A.
Increase PQ by changing product design over time, but sticking to low
competition areas.
Honesty: Having someone else log into your account and do the
inputs for you. This is called cheating. Would your group members
ever want to go in with you into a real business after cheating at
something so unimportant as a business simulation game? Talk to
people about the game, ask their advice, get hot tips off the internet,
but don’t cheat. If you are still on the fence about this one, keep in
mind that GLO-BUS tends to track all login location information. Are
they tracking anything else? Maybe. At any rate, cheaters are
horrible and you are not one of them. We all know better. You can do
this on your own, learn lots and have fun in the process! Avoid the
trap.
9. GLO-BUS Decision
Entries
The competition, the market, the FX will all change each year;
therefore, you must adjust every decision entry every year. The
following are steps to guide your year on year decision entries.
10. Step 1:Check
yourC&J
Journal:
Benchmark
Pages
“Riskcomesfromnotknowing
whatyou’redoing.”
WarrenBuffett
Goal: Review your long term competitive advantages on the
“Benchmarks” pages of the Camera and Drone Journal. Looking at
these first will help you keep your head while you are making decision
entries:
(Page 6 & 7) Benchmarks, Cumulative R&D Expenditures: target highest
(Page 6 & 7) Benchmarks, Assembly Facility: target largest size as long
as you can fill the factory without negative margins. Margins are
expressed on the marketing decision pages as percentages at the
bottom of the dark grey boxes.
(Page 6 & 7)Total Camera/Drone Production/Assembly Cost: lowest (low
PQ strategy); average (high PQ strategy)
(Page 6& 7)Workforce Statistics:
Compensation: target average
Productivity: target highest
Labor Cost: target lowest
(Page 6& 7) Delivery Costs, Marketing Costs,Warranty Claim Rate,
Warranty Repair Cost: we should largely ignore these benchmarks.
(Page 5) Financial Statistics
Shares of stock outstanding benchmark: target lowest
Equity: target less than the highest, preferably low
11. Step 2:
Forecast
“Theonlyfunctionofeconomic
forecastingistomakeastrology
lookrespectable.”
JohnKennethGalbraith
Goal: Enter a Forecast into the bottom of the marketing pages.
i. In a spreadsheet, record the Ind.Avg. (industry averages) shown
on the Competitive Intelligence Report.
ii. Calculate the year to year % change for each industry average (for
example: ind. avg. price year 7 $240, ind. avg. price year 8 $230, %
change = (230-240)/230 = -4%).
iii. Average all of the % changes. (for example: first year to year price
change was -4%, second year to year price change was -6%, third
year to year price change -2%; average = (-4% + -6% + -2%) / 3 = -
4%)
iv. Calculate and enter the “Anticipated Industry Average Marketing
Efforts” values on the marketing decision entry pages (they are
red) by multiplying one plus the average % change by the current
Ind.Avg. shown on the Competitive Intelligence Report (for
example: Price to Retailers = $230 times (1 + -0.04) = $221). You are
anticipating where the market will go. This is a very powerful tool.
Note: First and Second Round Forecasts, we use -8% price, +5%
PQ/Models, +20% all others and ignored the year to year % change
12. Step 3:
Product
Design
“Ifyouwanttohaveabetter
performance thanthecrowd,you
mustdothingsdifferently fromthe
crowd.”
SirJohnTempleton
Goal: MinimizeTotal Production/Assembly Cost for chosen strategic design PQ
(time intensive)
Step 1: Temporarily crank R&D to $0. This allows you to feel comfortable
while you make your entries. EPS and ROE will be good, the sun will shine and
your group members will be proud. You are in control. We will increase R&D
later, once you can demonstrate that you have money to spend on it.
Step 2: Choose # models higher than industry average. Preferred # models
should be higher than competition unless there are severe disadvantages.
Low PQ strategies often have high models to compensate.
Step 3: Choose a target PQ different than any of your competitors. Higher
PQ increases image (and therefore market share) for one following year, but
hurts net profit/cash in current year. Low PQ increases net profit in the
current year and hurts image in the current year. Image / market share is less
important at the start of the game than at the end. Generally, it is advisable
to start with a lower PQ than what you want to end up with if you are
investing in cumulative R&D.
Step 4: Change the components and features until you have a design with
the lowestTotal Production/AssemblyCost for the target PQ. Try different
combinations of components. For example, some component combinations
that yield a PQ of 2.4 will have aTotal Production/Assembly Cost that is higher
than others.
13. Step 4:
Marketing
“Stoppingadvertisingtosave
moneyislikestoppingyour
watchtosavetime.”
HenryFord
Goal: Maximize EPS for chosen image rating (time intensive)
Step 1: Choose an image rating target. First ½ of game its okay to be
a little below investor expectation (especially if your forecasts are
conservative). Last three rounds maximize image without going into
further debt.
Step 2: Temporarily increase your factory size/install on the
compensation and facilities screen and temporarily take out whatever
loans you need to stay cash flow positive. Problems arise on the
marketing page if you can’t produce enough units to satisfy demand.
You will come back to these pages to correct them later.
Step 3: Temporarily optimize Price for the maximum EPS then back
it off by about 5% to give you a margin of safety.
Step 4: Optimize the easy marketing decisions. The items to
change are Sales Promotions, % discount and Discounts Offered to
3rd party Online Retailers for the maximum EPS without going less
than the competitive assumptions.
Step 5: Choose aWarranty Period higher than the competitive
assumption.
14. Step 4:
Marketing
(continued)
“Withoutpromotion,
somethingterrible
happens…nothing!”
P.T.Barnum
Goal: Maximize EPS for chosen image rating (time intensive)
Step 6: Change your % advantage over the competition until you reach
your target image rating. (first ½ of game it is okay to go with a lower image
rating than investor expectations, but ensure your image rating is the
maximum in the final three years for the most points). To do this, repeat the
following steps until you reach the chosen image rating:
Step 6a: Choose a % amount that you want to test. For example, start with 20%.
Input a Price, Advertising Budget, Website Displays/Info, Retailer Recruitment /
Support Budget that is the chosen % more advantageous than the competitive
assumption listed at the bottom of the page. For example, if I chose 20%, then all
of my prices will be 20% less than the competitive assumption, my Advertising
Budget will be 20% more than the competitive assumption, etc. If you are
confused as to what “the competitive assumption” is, just look at the bottom of
the marketing pages.
Step 6b: Change the price by the amount of the FX effect. If the FX effect is
negative then add that much to the regional price. If the FX effect is positive then
subtract that much from the regional price.
Step 7: Again Optimize the easy marketing decisions: Optimize Sales
Promotions, % discount and Discount Offered to 3rd party Online Retailer for
the maximum EPS without going less than the competitive assumptions.
Step 8: Add R&D: If you are in the first ½ to ¾ of the game go back to the
Product Design page and crank up R&D until you have the EPS less than the
investor expectations. If you are in the last ½ to ¼ of the game, consider low
or no R&D spending so you can maximize EPS, ROE. Recommended no R&D
the last round.
15. Step 5:
Compensation
& Facilities
“Capitalisdeadlabor,which,
vampire-like,livesonlyby
suckinglivinglabor,andlives
themore,themorelaborit
sucks.”
KarlMarx
Goal: Maximize EPS without inflating wages for later years
AC Camera Workforce Compensation
BaseWage: +1% works well
Assembly Quality Incentive: optimize for EPS (usually low)
Attendance Bonus: optimize for EPS (usually low)
Fringe Benefit Package: optimize for EPS (usually low)
Best Practices / Productivity ImprovementTraining: maximum.
UAV Drone Workforce Compensation. The drone workforce needs to be your
premier workforce – pay them better than the camera workforce.
BaseWage: +1% works well
Assembly Quality Incentive: optimize for EPS (usually high)
Attendance Bonus: optimize for EPS (usually high)
Fringe Benefit Package: optimize for EPS (usually high)
Best Practices / Productivity ImprovementTraining: maximum.
Number of workstations/expansion: add workstations and expand equally
until expected overtime is in the single digits. Add factory space if the
Sensitivity Analysis (see step 2 of these slides) for the 2nd deviation of less (+2)
competition shows an Expected Unit Shortfall. This allows
Robotics:Only do this upgrade if the “Net AnnualCost of Robotics Upgrade”
is more than $-1,000 (expressed in $000s). A negative cost is a savings. Use
100% debt because selling shares will increase Equity and kill ROE. Note that
the Robotics Upgrade will increase EPS and ROE marginally in the current
year.
16. Step 6:
SpecialContract
Offers &
Corporate
Citizenship
“It’snotjustaboutcheckingthe
boxoncorporatesocial
responsibility. It’sabouthitting
ourbottomline.”
PeggyJohnson
Goal:Get a little edge for almost nothing.
Special Contracts has little impact on overall scores, but can be a
little bit helpful to those with a competitive advantage. To win
these you will need to increase your “Value Index” greater than
the competition. You can see how the competition did on the
“Comparative Competitive Efforts” page for the last couple of
years. Increase your Special Discount Offer until your value
index is a healthy % above the competition or at the maximum
without your cash flow going to zero.
CSRC Initiatives:Corporate Social Responsibility gains no scoring
points. Use Renewable Energy Program, Improved Working
Conditions and Institution of a SupplierCode if it increases
image and doesn’t impact EPS considerably. Use Green
Initiatives and Charitable Contributions with caution.
17. Step 7:
Finance &Cash
Flow
“Donotdelayarootcanal.
Don’tdopiecemealsolutionsto
aproblemthatisfundamental.”
NassimTaleb
Goal: Use debt, share repurchases and dividends to maximum long term
effect.
Debt
First 1/3 of game: take out enough debt so that your “Projected Cash
Balance” at the End of theYear is >5% of Net Revenues.
Second 1/3 of game: payback debt.
Last 1/3 of game: Never allow current ratio <2.0 and Debt to Equity
>60:40 because it destroys your credit rating. On the third to last round,
take out enough debt in 10 year loans to reduce shareholder’s equity to
near the mandated minimum without letting the current ratio go less
than 2.0. Note that you never have to payback the full amount of these
loans because the game will end before you need to pay out. This will
boost ROE considerably to counteract some of the crazy ROEs that
some of the loser teams can get by accident. Keep credit rating at A or
better.
Bank loans should be dominated by 10-year loans for stability. Note that
interest rates will fluctuate and you don’t want to get caught paying too
much for your debt because you are forced to refinance that year.
Always do Early Repayment if the interest rate on the loan you have
is more than the current market interest rate (i.e. swap loans for the
lower interest rate one).
ProTip: Don’t let your credit rating fall below B- because high interest
rate loans will destroy your competitive advantage in the long run.
18. Step 7:
Finance &Cash
Flow
”Peopleshouldtakewayless
thanthey'reworthwhenthey
arefavoredbylife...Iwould
arguethatwhenyourisehigh
enoughinAmericanbusiness,
you’vegotamoraldutytobe
underpaid—nottogetallthat
youcan,buttoactuallybe
underpaid.”
CharlieMunger
Goal: Use debt, share repurchases and dividends to maximum long term
effect.
Repurchase stock (attempt to drive the number of shares down to
the minimum (minimum is usually 15,000 share outstanding)
First 1/3 of game: maximize Stock Repurchases even if you need to take
out debt to do so. The reason is because your stock is inexpensive
because the overall market for action cameras and drones is immature.
Second 1/3 of game: maximize repurchases when the intrinsic value of
the stock (Use a price to earnings ratio of about 15) is greater than the
market price (the price you pay).
Last 1/3 of game: repurchases a small portion only when the intrinsic
value is greater than the market price and you need the extra EPS or if it
is the last round and you have already maximized dividends.
Dividends
Use dividends when you have bought all of your stock back that the
game allows and you have paid back your debt. Do not use dividends
ProTip: If possible, on the last round, go with an unusually high
dividend payment to maximize stock price, but never exceed your
EPS. Recommend maximum of 80% EPS.
Warning! Never allow Shareholder’s Equity to go to zero, crazy things
happen for scoring (it is a bug in the software that returns zero points
for ROE and EPS for that round)
19. Step 8:
Check your
Margin of
Safety
“Goodleadershipconsistsof
showingaveragepeoplehow
todotheworkofsuperior
people.”
JohnD.Rockefeller
Goal:Check to make sure your inputs are not sitting at a cliff
Sensitivity AnalysisActivity (margin of safety on your decision
entries); sometimes in GLO:
Step 1:Write down the expected EPS, ROE, CR, image, net income,
cash
Step 2: Change the forecasted competitive assumptions by one
selection worse. Write down the expected EPS, ROE, CR, image, net
income, cash. Repeat for four selections worse (more competitive)
and four selections better.
Step 3: modify your strategy/inputs if the EPS, ROE, net income or
cash go negative at the 2nd deviation worse competition. Modify
your strategy/inputs if the trend in overall scoring stays the same or
decreases as competition gets easier.
20. Step 9:
FinalClean-up
“Doveryai,noproveryai.”
RonaldRegan
Goal: Find the Easter eggs and save them in your basket
Step 1: Return to the Product Design Page and crank up R&D.
Again, in the first half to ¾ of the game cumulative R&D spending
goes far in giving you a competitive advantage. It is typically the
case that those who have the largest or nearly largest cumulative
R&D at the end will win. At least the last ¼ of the game, it is wise to
R&D becomes
Step 2: Review. Go back to the Product Design Page inputs to check
that you got the lowestTotal Production/Assembly Cost. It is often
the case that the inputs from the Marketing and Compensation &
Facilities screens require changes to the Product Design Page.
Step 3: Look for Easter eggs. Check all of the inputs on all of the
pages up and down by a couple of selections. GLO-BUS has hidden
a couple Easter eggs where you can get unusual benefits for next to
no additional cost. Look especially for places where you can get
additional market share at no additional or very little additional cost.
There are even times where EPS will go up at the same time as
market share!
Step 4: Save the inputs. Logout and go back in to check the inputs.
There is no forgiveness by the GLO-BUS administrator for forgetting
to save.
21. FAQs, ProTips and
Reminders
The competition and foreign exchange both change from year to year; therefore, you must
adjust every decision entry every year. The following are steps to guide your decision
entries. Many of them won’t make a big difference, but many of them are Champion level
tips if you can manage to make them work well for you.
22. Tips /
Reminders
“Thestockmarketisfilledwith
individualswhoknowtheprice
ofeverything,butthevalueof
nothing.”
PhillipFisher
Common Pitfalls of GLO-BUS players
Early Rankings Chaser:The rankings at the start of the game don’t matter. It
is only the ending ranking that matters. CR, image and stock price success is
meaningless at the beginning of the game. Therefore, if you need to sacrifice
something at the beginning of the game, let it be these. Your rank should be
less than half for the first part of the game as you develop your durable
competitive advantage (moat). The last half of the game, your rank should be
in the top three if you have done things right. TheGLO-BUS creators want to
teach you about business, not monkey button pushing – they have done a
good job of punishing those who are monkey button pushers.
Expensive Stock Buyer: reducing the amount of stock outstanding will
increase ROE and EPS for all future rounds. Keep stock prices low during the
first half of the game by artificially not meeting investor expectations and you
can buy your own stock back at a discount to its intrinsic value! Buy low and
hold. This is another virtue of maximizing R&D early. Current year R&D
spending reduces current year EPS and ROE. When theGLO-BUS investors in
your stock see the lower earnings they don’t account for the fact that you are
adding to your competitive advantage for the future. Stock price is largely
driven by EPS, ROE and CR.
Hacker: By hacking, I mean trying to develop a foolproof system or
developing software to play the game for you. If you are into the illegal kind, I
hope you get caught, expelled and charged. The reason that the legal kind
doesn’t work is because your competition are irrational humans and the
number of rounds is statistically insufficient to use reversion to the mean
techniques (as the engineer in the group, I did the math, it doesn’t work).
23. Tips /
Reminders
”Toreachaportwemustsail,
sometimeswiththewind,and
sometimesagainstit.Butwe
mustnotdriftorlieatanchor.”
OliverWendellHolmes,Sr.
Exploit the Competition’s Natural Human Biases:
Recency Bias: The competition will tend to make decisions closer to what they
think the ranking leader did in the very last round. Competitive assumptions
should err on the side towards whatever the ranking leader did last round.
Anchoring I:The competition will hold onto or stay close to an input just because it
worked last time for high current year rankings. Ignore the current year rankings
and focus instead on your durable competitive advantage metrics for the best end
game scoring.
Anchoring II: The competition will tailor inputs to achieve the Investor
Expectations regardless of head or tailwinds in the industry. Prices will rise when
FX is unfavorable and prices will decrease if FX is unfavorable.
Anchoring III: The competition will believe that they need to stay close to the
beginning year inputs in the first round. Every time we have played, we get an
enormous advantage on the competition by playing a game of maximum
differentiation – especially in the first round. This turns out for be far safer than
trying to guess what everyone will do without any prior market data to rely upon.
Our typical first year: PQ 0.5, models 7, price = 5% less than the competitive
assumption, Marketing each around $5-7MM, maximum weeks promotions,
maximum warranties, discounts to online retailers 10-20%. We hide the advantage
through maximum R&D and a maximum factory size increase otherwise our stock
price goes through the roof and we hit the top of the rankings. We have been
known to use this technique again in the second and third year if we believe that
we can get away with it but without the factory size increases to the same extent.
Now that this secret is out there in the public space, it might not be so helpful, so it
might be best to try something similarly differentiated.
24. Tips /
Reminders
“Ifyoucontrolyourreactionto
suffering,thensuffering
becomesirrelevant.”
MohnishPabrai
Exploit the Competition’s Natural Human Biases (continued):
Answering an Easier Question: The competition will prefer to win in the
short term (their only focus will be high EPS and ROE for the current round).
You should store as much value for the long term as possible at the beginning
of the game and let it all out at the end of the game. Cumulative R&D and
lowest production cost for a given quality are your goals for most of the game
(at least ¾); these are not just nice to haves if it can be afforded.
LosingTrack of the Ultimate Goal: The competition will tend to stay the
course in the final year. For us, unfortunately, like all mercenary CEOs in real
businesses, do not have these same biases (you are a temporary consultant
trying to fix the company remember?). GLO-BUS ends in the final year and
the business ceases to exist. There is no reason for long term thinking after
that date. Give it everything you’ve got in the final year. There is no store of
long term value beyond that. Best to have extremely high dividends, high
stock price buybacks, don’t help 3rd parties for the sake of gaining more of
them the next year).
Cognitive Ease: The competition will intuitively stay away from regions of the
world in the current year where profit margins are poor due to delivery or FX.
You can subsidize that region to gain large amounts of market share in those
regions and when the FX changes back to favorable, you will win big. This
may also make the competition go into a negative margin situation where
they are losing profit for each unit they produce. Watch out that you don’t go
into negative margin yourself though! Leave a margin of safety in case the
competition is smarter than you thought.
25. FAQs
“Ineverycompany,
differentiationisnevermore
importantthanitisintimesof
trouble,andthat’sthetime
wheneveryonetendstogoto
thewellandequalizerather
thandifferentiate.”
JackWelch
Question: All of the other teams have PQs of around 4 to 5.
Shouldn’t we do the same? Answer:The reason that most beginner
GLO-BUS players use a PQ of around 4 to 5 is because 4.0 is the
default value at the beginning of the game. Lacking confidence in a
new environment, but having a general idea that “PQ is good” players
will increase PQ a little at the expense of EPS. Little do they know
that everyone else is doing a similar thing. The result is that all of
those teams that hang out around the original default end up sharing
a smaller and smaller piece of the market by all crowding into the
same PQ. Any PQ can be successful in this game as long as it is
different from the competition.
Question: The benchmarks show that I have the highest costs for
[insert variable here], isn’t that bad? Answer: Not necessarily, in
fact, it could be very good in some cases. For example, if you have the
highest warrantee costs of the game, but by doing so, your market
share and profits are higher because of an unusually high warrantee
that your customers love and are willing to pay for, then you should be
okay with having the highest warrantee costs of the game. An
unusually high variable compared to the benchmark should trigger
you to look into whether you are getting a greater benefit from that
cost. Only using benchmarks in GLO-BUS, without an absolute
measure of value, would be just as silly as doing it in real life to invest!
26. FAQs
“Thedeepestsinagainstthe
humanmindistobelievethings
withoutevidence.”
AldousHuxley
Question: How much time to budget for GLO-BUS including quizzes, 3-year
strategic plan, presentations? Answer: If you already understand how to
read a balance sheet, income statement and cash flow statement and want to
pass, budget at least 1-2 hours per turn. If you are interested in 1st Place/top
marks budget 3-4 hours per turn; GLO-BUS requires some time developing
inputs and a lot of time tweaking the inputs a little bit for a slightly better
performance. This time spent tweaking each value up or down to review that
you have the best inputs each year will greatly help you withQuiz #2, the 3-
year strategic plan and any presentations you need to make.
Question: How do I convince my group members to do the right thing and
store value in the first half of the game instead of panicking about the
rankings? Answer: Follow all of the steps outlined in these slides very
carefully. Crank R&D spending to zero and show them the expected result in
EPS, ROE,CR, image. If they still won’t believe you, have them give me a call
and I can show them my rankings pages from past GLO-BUS games. Being at
the bottom is bad only if that is not where you intend to be!
Question: What is a good group dynamic? Equal votes for a CEO for the
current round (you could also rotate through theCEO role). The CEO comes
up with the inputs for that year and saves it. Everyone can then log in and
come up with better numbers. If they have better numbers, they send the
CEO a note. If there are disputes, the CEO wins. If you feel like you have a
rougeCEO, politely vote them out of the role for that year. It is good business
to expect a good group dynamic, be trusting, but always have a plan in place
in the unlikely scenario that the wheels fall off.
27. Contact
Information
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Please contact me at any time free of charge for help and
templates:
w.patrick.law@gmail.com