$3-$Year Strategic Plan $(50$ marks$)$Students will be required to use the built$-$in $3-$Year Plan module after the first three decision rounds of the simulation. The $3-$Year Strategic Plan is undertaken as a management team, requiring each team to $(1)$ state a strategic vision and mission for the company, $(2)$ establish performance objectives $($EPS$,$ ROE, credit rating, stock price appreciation, and image rating$)$ for each of the next three years, $(3)$ set forth a strategy for the company, and $(4)$ prepare a "pro forma" income statement for each of the next three years.Having your companys co$-$managers put together a $3-$year strategic plan has multiple benefits:$$ It prompts your company's management team to think strategically about the company's long$-$term strategic direction and future performance prospects rather than just running the company one year$/$decision round at a time. In the real world, managers must be concerned about taking actions that will deliver good foreseeable results for several years ahead.$$ It gives your companys management team practice in setting "stretch objectives" and then being held accountable for making any strategic and operating adjustments that may be needed to meet or beat the targeted levels of performance that shareholders are expecting $($and that are built into the Investors Expectations scoring standard$).$ It encourages each management team to decide whether to make any strategic changes considering growing demand and the likely moves of rival companies.$$ It gives co$-$managers much needed practice in developing $3-$year financial projections and exploring the profitability of alternative strategy scenarios, sales volumes, and so on$.$ It considers the PESTEL environment in its entirety to ensure that the company is positioned to withstand any matters from an environmental perspective.The GLO$-$BUS simulation will formally assign and automatically grade the $3-$Year strategic plan of your company. All$-$in$-$all, assigning a $3-$year plan gives you a golden opportunity to understand and appreciate what is involved in preparing a plan for a business while at the same time having you experience the discipline of being held accountable for achieving the $3-$year performance targets you and your co$-$managers establish. In addition, collaboration opportunities $($and knowledge sharing$)$ result from group work.Overall GLO$-$BUS Performance $(50$ marks$)$This will be in the form of online team participation; it forms part of the simulation comprising decision rounds $(7)$ over a period of $12$ weeks in which students participate as co$-$owners in managing their respective companies. The overall cumulative performance of your teams company and your individual performance $($which will be rated by your group members$)$ is used as a basis for assessment for this assignment. This is reflective and indicative of real$-$world integrative management practices.It is of critical importance that you adhere to the scheduled deadline for each decision round. No rescheduling of decision rounds can be permitted once the simulation is underway. Since the simulation allows for monitoring and reporting of student activities, it is important that all students participate and contribute to the quality of decision$-$making. Failure to adhere to these simulation guidelines will negatively affect overall company performance, team performance, and ultimately individual assessments.