Reflection At The Paragon Of Marketplace Business Simulation

I am pleased to reflect on my experience this semester in Mbite course. I feel that it was a successful class which taught me a lot regarding how to function in a team and as an individual. Personally, I do enjoy classes and it's a challenge to me. I have always been one to persevere through difficult situations and challenge myself by tackling complex projects. If I am confronted with a category that doesn’t satisfy my intellectual standards I have a habit of making things harder than they have to be in order to challenge myself. That’s why I was content in Mbite course, I found the team activities, fun, challenging, and exciting. I will admit that the Business Simulation was far more entertaining to me than the Functional Presentation; however, …show more content…
I was anxious to begin, but once I started, I was full-force. My “official” role VP Accounting and Finance. Nevertheless, my actual role felt more as “Paragon of Marketplace Business Simulation Excellence “or something like that. Joseph and Katie worked very hard to assist our team achieve the standing we received. However, I think we all pored over the Coaching tips for hours trying to gain a leg-up in the competition. As we gained knowledge of the simulation, every subsequent team meeting, we are explaining game mechanics and “suggesting” what our next move should be. By “suggesting,” I imply I would know what to do and Joseph and Katie seemed fine with every suggestion I put forward. We all took the lead in almost every major decision that had to be made, from when to open sales offices and how much to advertise. I designed every advertisement and every brand in the first quarter. Of course, I am entirely happy with the way things turned out, and we all take the responsibility of all this by being a point-man (think of a lineman in football or the soldiers who charged the beach at …show more content…
It’s another significant lesson I got word about handling a line of work. When we got the results for the following quarter, we were delighted to find out that we had made money in the 2nd quarter. We assumed that it would be a good idea to use around the same amount we used in the previous quarter, we were wrong. It turns out there is a direct relationship to the amount of money spent on advertising and expanding our sales force to the amount of money that we bring in. Essentially, it is important to not let our money accumulate, why sit on our assets, when we could be using them to expand and grow? As a manager, it’s important to learn from our mistakes in the 1st