Management Simulation

Management Simulation

1. Unit 1: strategic decisions

   • Strategic decision making allows the organization to take advantage of the key opportunities for its growth, minimizing the impact of threats and using its strengths for its continuous growth.
     • The mechanisms most used by business management are related to financial engineering, growth and diversification, financial strategies and the capital budget to satisfactorily meet the objectives.
   • SWOT analysis and SWOT matrix
     • This technique allows us to identify the strengths, weaknesses, opportunities and threats in order to be able to develop a strategic plan to solve problems and achieve the objectives and goals proposed for the growth of the company.
   • Strategic decisions are of vital importance to make the company stand out from the competition and make its products generate more impact for the consumer.

2. Unit 2: Business management tools

   • Its main objective is to increase the efficiency and productivity of the different areas of the company, helping to reduce margins of error, helping to improve productivity, saving costs and working time.
   • contract of Joint Venture
     • companies come together for a goal organizing a strategic alliance for companies to operate together to increase their performance
       • Characteristics of a joint venture
         • 1. Agreement between the parties involved. 2. Business synergy. 3. Profit and loss sharing. 4. Shared control. 5. Shared experience and resources. 6. Limited Duration of the Joint Venture. 7. Use of advanced technology. 8. No special company name.

3. Unit 3: Management skills for decision making

   • They are essential to coordinate, manage and direct important matters of the company. The staff must be well qualified to be able to represent the company and thus meet the objectives of the organization.
   • managerial skills
     • It is the combination of knowledge, abilities, skills, attitudes and behaviors that the leader, manager or supervisor of a department must have.
   • managerial skills
     • - Decision making. - Adaptation to changes. - Assertiveness. Resilience. - Problem resolution. - Intellectual versatility. - Transformational leadership.

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