Simventure business report Essay Example | Topics and Well Written Essays - 1500 words - 1

Simventure business report - Essay ExampleIn the process of development the process of using this application the user run have the chance of viewing business from a wider perspective and in the process acquire strategic mindset which is a prerequisite to modern day business.Under SimVenture simulation, batch who think innovatively and laterally beyond their argona of specialization are greatly valued. Life long learners who are adaptive are able to fast thinking through the learning process. Increasingly, organizations seek critical thinkers with penetration and the ability to reflect. In todays business team players with the ability to discern social cues and act accordingly to those cues are in great demand, this simulation helps in inculcating this skills. This learning experience encourages proper monetary management and efficient time utilization this eventually leads to robust financial gains.There should be an organize effort to gather information about customers and the prevailing markets. Marketing activities within the simulation have polar levels of effectiveness, depending upon which target segment is selected. Information on how effective the activity will be in orbit the different segments is available in some cases, such as Advertising, giving percentages to guide the user in selecting an appropriate method to reach their chosen market segment. Generally a broad approach will help to reach a greater percentage of the chosen market segment and will result in a high number of enquiries being generated. (Thatcher 1990)This is a crucial business activity for every business entrepreneur. Analysis of the competitors is an ongoing process which will give a clear understanding of the helplessness and the strengths of the competitor. Some of the benefits of conducting a competitive research include better targeting of customers, better understanding of the markets, proper prediction of the potentials of the market and