What is your company’s current situation? A substantive answer to this question should cover the following issues:

• Does your company appear to be in sound financial condition?

• What problems does your company have that need to be addressed?

After you have read the Participant’s Guide or Player’s Manual for the strategy simulation exercise that you will participate in during this academic term, you and your co-managers should come up with brief one- or two-paragraph answers to the questions that follow before entering your first set of decisions. While your answers to the first of the six questions can be developed from your reading of the manual, the remaining questions will require a collaborative discussion among the members of your company’s management team about how you intend to manage the company you have been assigned to run.