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Now WhatExperience is great learning for me. If given chance again to do the simulation. For sure I will nail it. There are certain gaps that I needed to be filled. The first thing is checking the competitive stance with the question that my team or strategy is performing well for a given round. The next gap that I need to fill is an understanding of global market demand. A few sentences from the below article solve a major understanding of the use of a globalized production strategy. “Production thus becomes spatially structured, with multinationals organizing activity internationally to take advantage of different wage rates and different levels of unionization, to force employees to compete with each other, and to develop coherent global strategies of accumulation.” (Encyclopaedia, 2000). I had no idea how to interpret the company's financials or what the components of finances were at first. Profit was the only component I knew, but what led to profit was unknown to me. It is critical to monitor the company's financials, since not just sales may lead to increased profit. When we analyze the overall costs and assess the cost of the firm, we can figure out what the company's future performance would be and take particular methods to manage our earnings. One article related to the financial health of the company led me to great learnings. The balance sheet, Income statement, and balance sheet with 12 or more types of different financial ratios. (Stobierski, 2020) References CFI (2021). PESTEL Analysis. [online] Corporate Finance Institute. Available at: https://corporatefinanceinstitute.com/resources/knowledge/strategy/pestel-analysis/. Encyclopaedia (2000). globalization of production. [online] TheFreeDictionary.com. Available at: https://encyclopedia2.thefreedictionary.com/globalization+of+production#:~:text=the%20integration%20of%20economic%20activities. McClure, B. (2019). R&D Spending And Profitability: What’s The Link? [online] Investopedia. Available at: https://www.investopedia.com/articles/fundamental-analysis/10/research-development-rorc.asp. MNP (2013). Four Ways to Increase Shareholder Value. [online] MNP.ca. Available at: https://www.mnp.ca/en/insights/directory/four-ways-to-increase-shareholder-value. Stobierski, T. (2020). How to Determine the Financial Health of Your Company | HBS Online. [online] Business Insights - Blog. Available at: https://online.hbs.edu/blog/post/how-to-determine-the-financial-health-of-a-company. Team, M.S. (2021). iPhone PESTLE Analysis | PESTEL Analysis of iPhone. [online] MBA Skool-Study.Learn.Share. Available at: https://www.mbaskool.com/pestle-analysis/companies/18108-iphone.html. Walts, A. (2020). How Inventory Reduction Helps You Make More Money. [online] SkuVault. Available at: https://www.skuvault.com/blog/how-inventory-reduction-actually-helps-you-make-more-money/. Download 433.31 Kb. Share with your friends:
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