Developing a strategy for your firm is a key part of your success in the Simulation environment. Your strategy will serve as your firm’s “roadmap” throughout the simulation. Submit your strategy organized by the five elements of the Business Strategy Diamond (see C&S, Chapter 1 and SSM manual, Section 3. Include in the assignment statements of Shared Vision and Mission (see Fundamentals of Strategy, SSM Manual, pages 82 – 83 (Attached)
ASSIGNMENT: Please write 3 pages each on the following:
o Elaborate on Staging which is part of the business strategy diamond. The business model is based around a team simulating an Automotive brand strategy.
Economic Logic Every member contribute to the section ( ½ page double spaced each)
One members part- expand on this: Core to a firm’s strategy to generate profits is their economic logic. The economic logic must take into account costs and revenues, and must delineate a plan in which to maximize returns. In hopes of creating a sustainable and successful business, Company B has determined their economic logic to have a progressive path. The initial focus will be to reduce operational costs and rid unnecessary debt. Once the business is lean, stable, and operating profitably, Company B will strategically invest in infrastructure in hopes of equipping vehicles with up to date technology, with an emphasis on quality and safety. The idea is to ‘cut out some fat’ within the operations and later ‘pack on some muscle’.