Posts Tagged ‘bsg’
Building blocks
Now that we’ve started the second module I can really see the building blocks of Loyola’s EMBA program. Some connections are more obvious — economics parallelling and expanding on the lessons in accounting. While others take less obvious path to connectivity like the ways data warehouse and analysis tools support strategy planning and assessment.
This week’s reading for economics class had a focus on pricing strategies took me right back the days of the residency in September. As part of the residency, we participated in BSG — the Business Strategy Simulation. With our class divided into teams, we used this web-based tool to execute production and business plans for a fictitious company. After each BSG session, results were tallied and we were able to see our company rise (or fall) based on the actions of competitors. It was intense, challenging and fun. And at the time, I realized just how much learning I had ahead of me.
As I read this week’s economics assignments, I understand more fully the flaws in my team’s BSG strategies — if only I had taken economics before the residency!
http://www.sodahead.com/question/148143/its-a-block-party/
