Question: Assignment Task You are asked to evaluate and reflect on the experience in running a company using SimVenture while in a team. You will evaluate


Assignment Task You are asked to evaluate and reflect on the experience in running a company using SimVenture while in a team. You will evaluate 5 business elements (Marketing, Finance, Operations, Technology, HR) reflecting on the Theory learned in class applied to your SimVenture business practice. You must demonstrate how the theories learned in class were used in their activities within the business game and how the outcomes were affected either positively or negatively. Academic references must be used where relevant to demonstrate greater understanding of the subject. Background/Context Assessment is based on a business simulation model from SimVenture. Focused on the first 6 months of a company's life, Students must think about almost all aspects of start-up and small business management. Juggling money, time, skills, stress and tiredness, students must analyse all available information, make decisions and deal with arising consequences. Incorporating key employability skills as part of the learning, the team-based activity has included the development of: Self -management, Team working, Business and customer awareness, Problem solving, Application of numeracy, Application of information technology, Positive attitude, Entrepreneurial skills Allocation of Marks Introduction: Describe the approach taken to running the business and the employability skills employed. Include a summary of the Business results. Marketing: Demonstrate an understanding of the key marketing concepts and how organisational performance can be enhanced by business's marketing orientation and the roles of analysis, planning. Implementation and control in the marketing process Finance: Demonstrate analytical and interpretative skills in relation to financial data and the risk associated with business financial positioning Human Resources: Show an understanding of human behaviour in organisations and how managerial performance can be enhanced through effective, ethical human resource management. Operations: Demonstrate critical understanding of the contribution that effective operations management and logistics play within organisations (both nationally and internationally). Operations: Demonstrate critical understanding of the contribution that effective operations management and logistics play within organisations (both nationally and internationally). Technology: Display appropriate insight into information, communication and related technologies which may affect business and carry out appropriate analysis of business data. Conclusion: Using the Gibbs reflective model - What did you learn? Give a summary of: 1. Description of the experience 2. Your Feelings. 3. An Evaluation. 4. Analysis 5. Your Conclusions. 6. Action plan. Clarity of presentation and report writing style: The structure of the content, standard of English