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Capsim Simulation: Strategic Thinking, Decision Making, Data Analysis And Team

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Getting real life job experience is something that jobs in most fields require, the Capsim simulation was a perfect way to get a taste of what the real world will be like. I believe being placed in teams and in a competitive environment really motivated me to engage the course material so that in could help give my team more of a competitive edge. Before taking this course I did not know how or why the different functional areas of business interacted with one another. Through the simulation the skill I learned where strategic thinking, decision making, problem solving, data analysis and teamwork. These learned skills became more polished while I was learning to run the company, working and dealing with different personalities.
Already stated above, the key lessons learned during the course was strategic thinking, decision making, data analysis and teamwork. …show more content…

Making goals and milestones are in important and helps stay efficient while in the simulation. For example, when figuring out when to issue company stock the whole group came to an agreement that if our stock reached a certain amount of value we would sell if not we would wait until the next year. Second was the lesson of decision making, in the course I learned appealing to the customer is the most important thing about running a business. The decisions that were made by myself and the company where made according to the wants of the customer. Theses decision came mostly in to play when deciding the size and the other specifications of the product. Thirdly was analyzing the Capsim condition reports, which go hand in hand with decision making. Analyzing the reports

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From this class, I have learned to work with other people, including students and adults, as well as leading a team, creating ideas, and problem

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This course hasn’t influenced my career plans, but it has enhanced how I manage my projects and interact with colleagues on a daily basis. Furthermore, this class and all of my future classes will really be useful as I retire and become a self-employed government contractor. Reading about companies like Lincoln Electric, and how well they manage their employees and business inspires me to incorporate many of those techniques into my own company vision and mission. I’m using more critical thinking in my day-to-day activities and decision making. Critical thinking forces me to slow down and make better decisions.

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For purposes of this paper I will be the Vice President of Learning for McCormick & Company and will be focusing upon three critical areas: training and development initiatives, metrics, and employees who are not training or learning experts. Historically training and development have played a strategic role in this organization. As such, learning has been driven by the company strategy. Per the website, McCormick & Company’s main business strategies have included growing sales, fostering innovation, managing the cost base, and planning for succession. Training and Development Initiatives

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I believe I'm a balanced individual now more so than I've ever been a major part of my life. What was the most intense thing you learned? There are really two essential issues that I've educated 1 dealing with your time and finishing on your tasks a hundred percent that was key for me. 2 having the capacity to think outside about the box, having the capacity to utilize my assets and instruments important to making me more effective at doing the

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I agree with this statement, being lectured to, or doing assignments can only teach you so much. You learn how to apply concepts without actually being in the real world applying them. Learning the steps for example of CPR seem simple, maybe even doing them on a dummy; but that experience is completely different than rescuing someone drowning from a body of water then performing that act. A simulation goes an extra mile, and it tests what you would really do- how you would really respond in an instant. Not only this, but simulations tend to stick more with participants than traditional learning.

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The Capsim Production module is responsible for the coordination and manufacturing plans of the business, ensuring that all products are made efficiently and on time. The Production department is responsible for the planning and management of each product’s production line. Automation levels are set and adjusted within the department to ensure efficient utilization of the plant’s capacity. The production department considers the following year’s sales forecasts and inventory left unsold to determine the production needed for the upcoming year. Capacity is an extremely vital component of the production department.

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An example would be, a model of an arm with realistic looking veins filled with red fluid, which can be used to teach IV line insertions. Simulation is a technique that replicates substantial aspects of the real world in a full interactive fashion. It can be very useful in nursing education by helping students develop teamwork with others. Learn patient safety, and overall support nurses in the ongoing acquisition of knowledge and skills. Although simulation is very helpful in training nurses, it does not replace that one on one interaction with a real patient.

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This includes learning how to increase one’s sense of self-awareness (e.g., goals, styles, strengths, weaknesses, how you are perceived by others), ways to insure clear and effective communication within a culturally diverse workplace, teambuilding and relationship building skills, and conflict management

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The area that I learned the greatest amount of information in is speaking. I learned that speaking is not based purely on what you are saying, but how you convey yourself while saying it. You need to have a presence that makes people want to listen to you. In all of these areas one thing is very important and that is the audience.

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However, it is not enough that organizations creating a competitive advantage only depend on sharing knowledge among employees, organizations also should be focused on learning. At present, organizational learning has already a source of competitive advantage (Moingeon and Edmondson, 1996). The central theme of organizational learning is knowledge, so organizational learning is concerned with the strategies and processes of identifying, capturing and leveraging such knowledge to enhance competitiveness (Pemberton, Stonehouse and Yarrow, 2001). In other words, organizations want to learn more and quickly than their competitors to establish a competitive advantage. For learning, there are three types of learning which were proposed by Argyris

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The lesson that College 101 taught me that helped me most, was the lesson on how to avoid procrastination. I have struggled with procrastination all throughout high school. Learning how to avoid procrastination will help me all throughout college and will help me when I have a job. It will teach me to do things on time and early, so that I am fully prepared to succeed. Another skill that helped me tremendously, is learning how to properly take notes.

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Before the simulation start we took number of steps. a. Describe each person objective goal. b. Analysis the overall team objective. c. Listen to all team member individually and share the missing information. Answer 2: The main challenges faced during the simulation.

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Through this course I’ve learned skills of how to lead and work as a unit with others. Also through moving through the ranks and this past year being the Alpha Company commander with the rank of Cadet Captain I learned how to take responsibility of the actions and deeds of my unit and myself. It also helped me to see that being on the top of the food chain with many below you at your command isn’t all fun and games it entails things like knowing if your company’s data is all squared away and if everyone is up to date, if they all have uniforms and if not when will they get them, and if they have them are they wearing them correctly, who's going to promotion board are they ready is their uniform squared away and things like

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Our success is measured in the confidence we gain, the improved team morale they foster, the conversations we no longer struggle to initiate and the conflicts they are able to resolve. The interpersonal soft skills employees are learning—and the insights they are gaining—form the foundation upon which they will coach and mentor employees to higher performance; and make informed business decisions; and lead our company through future industry challenges and market forces. (8 Critical Competencies Necessary for Frontline Leaders in the Wholesale Distribution Industry, n.d.)All of the leadership competencies in action have the potential to benefit the business and the bottom line. Competency-based learning is the basis for a leadership development program to change current knowledge, skills and attitude of our staff in preparing internal changes that directly influence joining up new business and continuous technical improvement. To fill the soft skills gap, management provide leadership training to potential employees to make incremental improvement for the benefit of the

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