The first three rollovers we had been struggling immensely, each rollover showing significant decreases in profit, cash and most importantly shareholder value. It seemed like it was only a matter of time before the shareholders would go from just being furious at our performance to coming after us with pitchforks. Although we were struggling and each person’s ideas hadn’t proven successful we hadn’t started blaming each other which I thought was good as it allowed us to continue discussing solutions even though our confidence was shot. Each week our problem seemed to be that we would focus on an area that looked like it needed fixing and in doing that we would cause another problem as a result. This week we tried seeking assistance from Smartsims and they were very helpful in opening our eyes to seeing a small oversight that happened to have a huge impact on many factors within the simulation.
After weeks of continuous failing and suffering, we finally felt like this rollover we might get somewhere and start moving in the right direction. We had been at the bottom of our continent since the start and our financial situation was terrible. However we have managed to turn things around after many meetings and a lot of discussion making profit instead of losses and incurring massive penalties. We had been learning more and more each week but this was the first time that it seemed that we were developing and growing from our new understanding of the simulation and the marketplace (Davies & Easterby-Smith, 1984). I just hope that we can continue in the right direction and look at the ‘big picture’ rather than just focusing on one aspect in order to do even better in the next rollover.
Davies, J., & Easterby-Smith, M. (1984). Learning and Developing from Managerial Work Experiences. Journal of Management Studies, 21(2), 169-182. doi: 10.1111/j.1467-6486.1984.tb00230.x