Thursday, December 19, 2019

Beat the Market Game Report Essay - 4202 Words

ROCHESTER INSTITUE OF TECHNOLOGY SAUNDERS COLLEGE OF BUSINESS SPRING QUARTER 2012-2013 ECONOMIC FOR MANAGERS BTM Game Analysis Report Firm 1 Binal Patel Kun Liao Ling Xiao Lei Wella Mohibi Yi xin Huang 1 1) Table of Contents 2) Introduction and Summary Our performance in BTM game Market structure analysis Strategies of our firm 3) Analysis of our problems in the BTM game MC and MR Plant size Price elasticity Training and process improvement advertising, product development and E-commerce 4) How to improve our performance in the future Macroeconomic analysis Competitor analysis Payoff matrix Kinked demand 5) Conclusion 2 1. Introduction and Summary Our performance in BTM game Our†¦show more content†¦In oligopoly market, each firm has substantial market power with high degree of interdependence. The key for success in a oligopoly market is to gain more market share than the competitors. Increasing the price can lead to loss of market share to the competitors, so in the oligopoly market, if a firm decreases the price, the other firms will always follow, but if a firm increase the price, the other firms will not follow. The demand curve is kinked. However, lowering the price decreases the overall profit of the market thus, non-price competition is most important win-win strategy for all the firm. As the game, does not allow us to make product differentiation, the other method that can increase the sales are advertising, product development and E-commerce enhancement. If these expenditures are below market average level, the firm can lose the market share. 4 Besides, decreasing the production cost is also important as the firm can then lower the price. So the decisions related to change in plant size, process improvement and the training are also important. Strategies of our firm In oligopoly market, one important method to increase the market share is to keep the price lower than competitors price. However, because at the beginning of the game, our firm ignored the importance of the plant size, process improvement and the training, our production cost was higher than other firms. So we could not use theShow MoreRelatedThe Importance Of Raising Companies Finance For Their Operations Efficiently Without Affecting Its Profitability1486 Words   |  6 Pagesefficiently without affecting its profitability. Equity markets are places where willing buyers and sellers can meet for the purpose of making profit. Market efficiency is the high expectations of investors in every market place. Market places are where investors buy and sell companies and government securities. The information they get from the market efficiency is what determine them to buy or sell. 1.1 MARKET EFFICIENCY FUNDAMENTAL FEATURES REVIEW Market efficiency history back dates to as far as in theRead MoreApple, Inc., The Electronics And Beats Music1263 Words   |  6 PagesApple acquires Beats. Apple, Inc., the electronics giant, has acquired Beats Music and Beats Electronics, the headphones giant, for $3.2 billion. Apple has enough money to buy or build any company they want to from ground up. So, why did Apple acquire Beats Electronics and Beats Music? According to NBC News, Apple CEO Tim Cook told Re/Code that the company could build about anything that you could dream of, adding that acquiring Beats would give them a head start and add kindred spiritsRead MoreBlue Ocean Strategy At Frances Insead Business School1468 Words   |  6 PagesLife is full of games, in which we always want to be the winner. Most of the time, to accomplish this, we are ready to do whatever it takes to win without thinking how it effects others around us and this leads the game to get bloody and the players to be merciless. The same pa ttern of struggle for winning and the sense of game is relevant in the business world. In their book Blue Ocean Strategy, W. Chan Kim and Renà ©e Mauborgne – strategy professors at France’s INSEAD business school, proved thatRead MoreBlue Ocean Strategy At France s Insead Business School1468 Words   |  6 PagesLife is full of games, in which we always want to be the winner. Most of the time, to accomplish this, we are ready to do whatever it takes to win without thinking how it effects others around us and this leads the game to get bloody and the players to be merciless. The same pattern of struggle for winning and the sense of game is relevant in the business world. In their book Blue Ocean Strategy, W. Chan Kim and Renà ©e Mauborgne – strategy professors at France’s INSEAD business school, proved thatRead MoreMobile Gambling Is A Multi Billion Dollar Business1404 Words   |  6 Pagesgambling every year, and smartphones have literally brought mob ile casino games to our fingertips, making gambling more accessible than ever before† (Erdei). Companies are having to rethink how they attract new players. Millennials especially want more complex games to play and more social media usage. Companies are using both aspects in their new games, and mobile devices are the perfect delivery system for these new games. According to an article on VentureBeat concerning mobile gaming apps, â€Å"WithRead MoreBest Buy Co., Inc.1225 Words   |  5 Pagesthe most up to date and high end technology devices could benefit financially by adding an advanced and unique waterproof speaker. This report will include: †¢ Details of specific features of the speaker †¢ Our company’s goals †¢ Sales prediction Companies such a Beats by Dre have benefited greatly by selling speakers to customers. BlueWave will be a major game changer to the industry. ABOUT OUR COMPANY Management Team The UnderWater Tempo consists of Lucas YenerallRead MoreTesco And E Mart : Market Positioning, Localization And Cost Control1565 Words   |  7 Pages Exclusive summary This report was entrusted by the CEO of ALDI, which is one of Germany’s biggest retailers. ALDI wants to expand its global business to some emerging countries, China is one of its choices due to the flourishing market. Although China is attractive to foreign investors, there are some multinational or small-medium enterprises encounter challenges and divested from China. The main purpose of this report is giving some recommendations to ALDI based on the analysis of two illustrativeRead MoreEssay CHUCK E CHEESE SEGMENTATION AND TARGET MARKET1314 Words   |  6 Pagesï » ¿ Chuck E Cheese Segmentation and Target Market by Kimberly D. Stewart Marketing 571 Professor John Mullin Introduction Chuck E. Cheeses Pizza Time Theatre was founded by Nolan Bushnell  in 1977, officially being labeled as the first  family restaurant  to integrate food, animated entertainment, and an indoor arcade.CEC Entertainment, Inc. participates in the food and entertainment industry, as it sells fast food and provides places for family to stay and play togetherRead MoreEbays Major Mistakes in the Asian Markets1374 Words   |  6 PageseBay is a company thats in the business of connecting people, not selling them things (Bjornsson, 2001). Part of the widespread success of eBay was founded in the principle that it was not just about auctioning off collectibles, but in upscale markets as well and in creating solid partnerships with brands like GM, Disney and Sun (bradeis.edu). In spite of those tremendous accomplishments, the real success of eBay is in its trading community on the Internet and making it a marketplace that is safeRead MoreVideo Game Essay923 Words   |  4 PagesHave you ever wondered how games impact children? or why kids love to play them? Well your about to find out and the answer may be surprising. Video games were first introduced in the 1970s. By the end of that decade they had become a preferred childhood leisure activity, and adults responded with conc ern about the possible ill effects of the games on children. Early research on these effects was inconclusive. However, a resurgence in video game sales that began in the late 1980s after the introduction

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.