ferris debreifing stephanie bohm jessica burris eileen kuchera christine wefel jason windorski
TRANSCRIPT
FERRIS DEBREIFING
Stephanie BohmJessica BurrisEileen KucheraChristine WefelJason Windorski
REVIEW
Continued
PERFORMANCE ANALYSIS
MARKET SEGMENT
Competitors stocked out, allowing us to sell more of our product
CRITICAL ROUNDSRound 4
Material Cost reduction: 5.86%
Labor Cost reduction: 7.22%
R&D Cycle time reduction: 30.30%
Administrative Cost reduction: 47.54%
Demand increase: 7.69%
Round 6Material Cost
reduction: 11.08%Labor Cost
reduction: 13.29%R&D Cycle time
reduction: 40.01%Administrative
Cost reduction: 60.02%
Demand increase: 13.78%
WHAT WE HAVE LEARNED
The importance of working as a team rather than working as individuals
Everyone’s input is important whether we disagree or not
Researching any decision is a pertinent step in any business decision
Every decision made had an effect on other decisions
How to analyze various accounting reports (income statement, cash flow, balance sheet)
PROJECTION AND AREA STRENGTHS
Research & Development
Market Share
Production and ProfitCompany Rd 1 Rd 2 Rd 3 Rd 4 Rd 5 Rd 6 Rd 7 Rd 8 Cumulati
ve
Andrews $2,515 $5,094 $2,429 $5,942 $2,512 $6,277 $4,280 $0 $29,049
Baldwin $2,158 $6,219 $3,951 $3,174 $6,170 $2,329 ($2,398) $0 $21,603
Chester $2,225 $826 ($643) ($169) $5,101 $4,895 $17,051 $0 $29,286
Digby $2,286 $2,584 $2,022 $1,821 $5,890 $48 $5,031 $0 $19,682
Erie $3,102 $5,654 ($10,763)
($10,120) $2,634 $3,134 $8,148 $0 $1,789
Ferris $884 $3,121 $4,700 $3,205 $8,986 $20,545 $15,402 $0 $56,843
Finance
What would we do differently?Greater Contribution MarginReduce CostsIncrease Selling Prices
Team Performance
Strengths Weaknesses
Team decisionsProduct met ideal
guidelinesSpecializationSpecific meeting
times
Individual decisions during practice rounds
Investment practices
Team AtmosphereSpecific meeting timesUtilization of special expertise
from all membersReview of reports together
ReferencesAll graphs and charts are from
Capsim Management Simulations Inc. (2010). Foundation. Retrieved May 2, 2010, from Capsim website: http://www.capsim.com/menuApp/studentMain.cfm