Question
Assessment: After playing the Eclipsing the Competition: The Solar PV Industry Simulation you are to write a report on your simulation. In the report you
Assessment: After playing the Eclipsing the Competition: The Solar PV Industry Simulation you are to write a report on your simulation. In the report you are to discuss the following: 0. Introduction to the company and the solar industry (1-2 paras max).
1. What are some of the key elements of this business simulations. Or what are the key factors that you need to consider?
2. How do these factors impact the company's growth.
3. There are two key strategies you can chose, Cost Markup and Competition Discounting. What are these two strategies. What are some of the advantages and disadvantages for both strategies?
4. Which strategy did you adopt, or would you adopt to ensure you make the maximum profit and a big market share in this simulation? Why did this strategy work for you? You can also go for a mixed strategy (if you feel that works better for you).
5. What key mistakes did you make while playing the business simulation, and how can you avoid these in the future? This report should be 2-3 pages long (500-750 words). You can give references to the strategies you used while playing the simulation. You can also give references to books or other resources, when talking about the strategies. For example you can quote a company that uses Cost Markup for their advantage.
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