Competition and Business Risk Assignment Example | Topics and Well Written Essays - 2750 words

Competition and Business Risk - Assignment Example he individual reflective report will act as an overview of the strategies that were implemented by Head Start Footwear through the business strategy game (BSG) that was played from year 11 to year 15 on a period of 5 weeks. The major aim of this reflective report is be to make an evaluation of my knowledge of how to run a business by making use of the business strategy game. The report will also highlight how I used the Belbins typology to analyse my team members and myself, the theories that I have found helpful from other courses that studied on my masters programme, and what I have leant in relation to business strategy. Figures and facts retrieved from business strategy game will be provided to support the report’s arguments in the report such as the image rating and investor expectation as shown in the figure below. The business strategy game (BSG) offers me practice to make business decisions. The game also enables me to learn how to come up with strategies for winning in a highly competitive market. It also enables me to be held answerable for my actions, in comparison to the business managers who are held responsible for their firm’s performance in the real world (Thompson, Stappenbeck, & Reidenbach, 2013:33). The other benefit is that we can learn more of the BSG exercise by taking up a role a business expert attempting to attain the best organizational performance by making use of managerial prudence and responsible business approaches (Thompson, Stappenbeck, & Reidenbach, 2013:34). BSG gives the opportunity to put what I have learnt into action in order to gain some expertise in applying the skill of strategic analysis. I was able to access the most recent industry-wide developments, create a long-term direction for my company H, create and attain strategic financial goals, and lastly, I came up with ways of producing best results and possibly result to gaining some competitive advantage. Consequently, there the results for Head Start Footwear