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As an individual (not a team), prepare a vision statement for your company. The statement should present as accurate a picture as possible for
As an individual (not a team), prepare a vision statement for your company. The statement should present as accurate a picture as possible for your company at the end of the simulation after eight competition rounds. Here are some questions you can reflect upon to bring your vision into focus (please share your perspectives with your team): - By segment, how many products will appear in the segment? (your answer needs to be a whole number between 0 and 5) Traditional Number of Products Low End High End Performance - What will the plant utilization levels be in each segment? Plant Utilization Traditional Low End Size High End Performance Size - What will the automation levels be in each segment? (your answer needs to be a whole number between 1 and 10) Automation Level Traditional Low End High End Performance Size What will your financial structure look like? The financial structure is everything on the right hand side of the balance sheet. Fundamentally, it summarizes how much of the assets were funded by debt holders and equity holders. You can review the financial structure your company has today by looking at your "Annual Report". On the right hand side of the Balance Sheet, you will see your financial structure in percentages. To determine what sort of structure you want, you can ask several simple questions. -What mix of long term debt, stock issues, and retained profits do you foresee to grow the company? How would you express these in percentages for each of the following (be sure not to exceed 100% in total): Accounts Payable , Short term Debt - Do you want to keep profits or pay them out as dividends? - Do you want to pay off debt to avoid interest payments? - Are you biased towards cost leadership or differentiation or both? , Long term Debt Stock Retained Earnings
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