hercules had a great start and turned in a pretty decent performance during the mike 652229

MikesBikes SINGLE PLAYER REPORT Lecturer: Prof. Rex Walsh BUS303 Hercules had a great start and turned in a pretty decent performance during the MikesBikes single player simulation. I was able to increase the shareholder value of my company from $10.85/share to $46.20/share with a profit of $30,000,000 from the year 2012 to the year 2017. Results of Hercules BIKE Company using MikesBikes Single player Simulation The strategies to achieve the results that would help me in the multi player simulation were made during this phase. I did expect that results would vary based on the decisions of the other teams in the multi player but in my conscious, I knew that the strategies would reap my team excellent results. The Introduction Professor Rex Walsh introduced us to the concept of Mikes Bikes and mentored us at every step. He instructed us to watch for the “Year Ahead” which I did and took note of all the details which helped me in my journey in the simulation. Numerous Experiments I conducted more than 150 experiments during my single player simulation which made me unfurl control over the Business. My approach treated the single player simulation as a learning tool. I did not view it as merely a ‘game’ which I had to win in order to pass the subject. Instead, each experiment tested me on each of my core accounting subjects including Management Accounting when I was deciding the ideal amount of production units and the assimilation of control on ideal time and wastage and adjacently obtaining knowledge of the price, advertising, PR, debt, equity, and R&D on each of the experiments. I was striving for excellence and success was following. Strategic Planning In this area, I had the need to decide what part of the market I want to move into. I took into consideration that I could divert my attention to other variants if the mountain bike segment was not giving me enough returns. Distribution If you are selling your…