Globus Report

Lessons Learned
Although Global Vision had a winning strategy in the end of decisions the team still learned a lot throughout the simulation. Through analysis of our own decisions and success along with looking at how other groups in the industry were doing we found that formulating a strategy and improving on it throughout the simulation created the best results. Looking at how we could further improve our strategy we looked into our research and development investments where we found that we were below average on these investments. By possibly putting more money into research and development it could create better products with higher ratings. Along with spending more on research and development we found that expanding the number of workstations would have benefited the company more and reduced our overtime costs. The company could have also looked into stock repurchasing earlier when we first realized that our returns on equity were low and below the average in the industry. In our last year of decisions issuing this repurchase and increasing our net revenues made an increase in our return on equity. Although there are many things Global Vision could have done better, overall, the company maintained a solid position in the industry that remained focused on our strategic vision through all decisions. We distinguished our action-capture cameras and UAV drones from the others in the industry and offered good discounts and warranty’s throughout. Our high marketing and adaptability allowed for better image ratings and helped gain more retailers and market share. We still would have liked to keep increasing our marketing budgets each year, however, we still maintained some of the highest budgets in the industry throughout all regions. Downloaded by Cool Rock (coolrock7540@gmail.com)
lOMoARcPSD|7947395