Lessons Learned and to be learned

Background Managing Total engine room was the introductory simulation blood line I have ever enrolled for. From the truly beginning of the course, I knew that it will a actually interesting course and indeed, I find it to be a successful, memorable and exciting instruction of education. Part 1 H integritystly speaking I took the simulation very easy in the beginning. But as we move in to week 3, I started to realize that we really need to imply ourselves if we need to do better in the simulation.There be several key learnings that I take from this simulation course, such as 1. Fundamental Knowledge setoff of all, I would say, to do a business or to disembowel a ratiocination, one should seek knowledge regarding that business or position. wiz should do homework before thinking about playing any business office in the business scenario. Seeking fundamental knowledge is the first step. 2. Do not Limit yourself It is pivotal to know your business environment easy and rememb er, business understanding it is not limited to the area you are trustworthy for. One should know the overall system of the company and the circumstances in which the company is working.The manager, regardless of his/her role in the company should be informed of the challenges company is currently facing in achieving its goals and objectives. 3. Be a Guru When you are responsible for devising decision in one of the area of the company, it is of consequence important that you acquire all the technical and non-technical expertise in that area. Ideally, cypher should be more informed than you in that particular field so that you scarcelyt joint gather in the decision confidently and that people respect your decision and dont challenge it without knowing the depth of it. 4. Competitve Intelligence is profound Always make well informed decisions. Look for the weaknesses of the competition. Consistently drop back their performance and their financial situation so that you are well aware in advance if they are in a situation where you can take advantage and consolidate your position in the market place. 5. Be a Visionary You cannot be a successful manager or CEO if you are unable to look in to the future and make decision according to the future challenges. You have to keep one substance at the long barrier objectives of the organization and plan accordingly.Learn from the mistakes and make tactical changes but never alter your long term strategy because you fail in achieving one or two of your short term goals. Part 2 Key Take Aways A. Strategic Thinking One of the top learnings from the simulation is the importance of strategic thinking. When we started the simulation, we thought that only one segment, High-Tech, will be good enough to become leader in the overall simulation and it proved wrong. We knew in the middle of the simulation but stuck to our initial strategy which I guess was the even off thing to do because eventually High-Tech market is t he future.B. leaders Qualities It sounds like an extension of the first point Strategic Thinking, but it is actually not. I have erudite from this simulation that a company is defined by the definition of its CEO. Leadership plays an important role in driving all the areas of business and it requires finical capabilities to perform as a leader. Leadership is not about making final decisions it is about making the right decision at the right time. I want to learn how I can be a successful leader in the field of marketing and sales, which is my passion.