Business Simulation
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INTRODUCTION
In the current business scenario, a simulation is used within an organization as an interactive learning experience that will allow participants to be accurately engaged in the internal operations of the company. According to the simulation game strategy, it has been identified that the concepts of global strategy simulation are a group effort that has been involved in creating an international strategy to boost a new small PhoneVenture company. It could further be useful to develop a competitive advantage over the international competitors which is increasing its operational ability in generating a potential result for the future. However, it tends to be a reliable process that would be useful for the staffs to gain an opportunity to make sure that the performance of the Smartphone Company can get improved in the future. Moreover, it happens to be a suitable learning and leadership ability of an organization which will increase the internal capability and technical skills of the employees to enhance the profitability in the global market (Perchard and et.al., 2017). Therefore, this project report tends to provide specific information regarding the global simulation strategy which is required to increase the Smartphone operation at both local and international levels. Apart from this assessment of a certain choice of market selected for the business operation is also been discussed effectively along with the consequences that are affecting the decision-making. Furthermore, the analysis of the right strategy that creates value and meets the team expectation could also be highlighted under the report. Critical application of theoretical insights and framework to assess the strategy, competitive, and performance impact during the global strategy simulation is examined wisely.
Strategy thinking process in simulation
Strategic thinking happens to be a simple rational thought process that would aim on overall analysis of critical factors as well as variables that would influence the long-term growth of the venture. In the context of the concern case scenario, it has been realized that the new Smartphone venture is operating as a small size effectively to meet the expectation of the multiple users in the global market. It happens to have a wide range of objectives on the potential results that are internationally deal with the Smartphone categories. Moreover, it is accurately a rapidly growing business that is based on taking phone business within the large target audience in the country (Yuliansyah, Gurd, and Mohamed, 2017). The previous administration group is aimed to take on the key challenges that are associated with the Smartphone company that
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eventually close-up with a critical phase of the project life-cycle. On the other hand, it would also show complete involvement in the production of different wholesales items which is sufficient enough for the innovative clients. Henceforth, as a leading Smartphone players use of the digital platform is always considered a major factor. It can also relate to the manufacturing of some quality Smartphone which is entirely meeting the demands of the low-budget users in the global market.
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