Task 3
Task 3
Task 3
The simulation completed in this Capstone course was interesting and accorded me a
chance to incorporate a wide variety of skills and competences gained in the entire MBA
program. The three most outstanding competencies in this course that were vital includes the
business decision making, economic decision making by firms and improving organizational
handbook.
This competence focused on the analysis of the various economic forces and the various
operation in the market to help in the improvement of the decision-making process. In the
simulation, I had to undertake the evaluation of the industry reports from the past quarters on the
outlook of the market to inform the decision for the current quarter. I had to also rely on the
reports from the managers on their evaluation of the market and the competitors reports and
performance to help improve the decision for the quarters. The reports on the popularity, the
adverts efficacy and other key performance indicators provided great information to help make
better decisions.
Economic Decision Making by Firms and Consumers
This competency was vital in informing me on the various economic decision to make as
a way of guiding the decisions for the business and the consumers. The decision included
understanding the economics around the pricing of the bikes and the competitive of the bikes
compared to what the customers are willing and able to pay for the bikes. Understanding how the
business was competing in the market and the expected demand levels was vital in making
decision for the investment in capacity expansion and the placement of the products in the
market. I also made decisions based on the customer perceptions of the products and its
performance in non-core business related areas such as the employees’ welfare, care for the
environment and being good neighbors as a way of influencing the customers to purchase our
products.
A great way of succeeding in the simulation was to continuously use the relevant amounts
and types of data to improve the performance of the business. The simulation provided great
amount of data on performance that allowed the making of better decisions to improve the
performance. The data such as the employee’s productivity, loss in the market due to production
hitches, the fixed production capacity and the need for overtime proved vital to highlight the
areas of weakness in the business that need to be addressed. When making information about the
improvement in the system and operations, I had to look at the impact of the investment on the
targeted areas. This analysis provided room for the business to invest in areas that would have
The three competencies will be great for my career. Having the competence to use data to
and evaluation of the various performance measurement to understand the level of efficacy in the
areas assigned to me. The data collected will provide an indication of what need to be changed
The business operates in a globalized world where issues in one area may have an impact
on the business. Understand to make business decision in a globalized world will offer great
insight into the career as I will be in a position to locate the organization in a global context and
make the decisions that improves the business while also taking into account the other factors
surroundings the business that could be important to the operations. It will make me a good and
Understanding the economic decision making by the firms and the consumers enriches
my decision making personally and as a business leader or manager. It will help me make
business decisions that align with the prevailing economic condition and that also meets the
customer’s expectations. Such an understanding will help the busies I am leading have the right
projections in the market and the right set of products matched with the correct prices, costs and
other element that help meet the consumer needs and adds value to their lives while translating to
By the end of the year 2023, I will have applied for and secured four interviews for a financial
supervisory position in a middle level organization with a portfolio of above $20 million.
managerial decision-making tests. The certificate attest to the competencies of being able to
analyze the financial performance of a business and understanding of the managerial decision
related to the products of a company and how to market these products. The certificate aligns
with my long-term career goal of reaching managerial level as it equips me with the required
skills and abilities to make higher level organizational decision from a strategic point of view.
The performance certificate issued by American Institute of CPA’s was a short course I
took on the use of various metrics to measure, asses and improve performance of an
organization. The artifact indicates that I have develop competency to use the various
performance metric including six sigma and lean management to understand and improve
managerial and operational performance. The skills learned improves my career by equipping me
with the requisite skill and knowledge to work in a higher-level position and e charged with the
The badge received from the marketplace Simulation as part of the MBA capstone project
attests to my competence to integrate the variety of business and managerial skills in managing
and making important business decision. The simulation offered a chance to use market
information to make operational, manufacturing and Human resource decision while also
encompassing conscious decision making in an organization. The badge and skill learned in the
simulation aligns with the career goal of rising through the ranks as I was the business manager.
It is a testimony that I have the competence to run and manage and enterprise in a managerial
position.
Reference
from https://www.wgu.edu/content/dam/wgu-65-assets/western-governors/documents/
program-guides/business/MBAITM.pdf