FERRIS DEBREIFING Stephanie Bohm Jessica Burris Eileen Kuchera Christine Wefel Jason Windorski.

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