Three-year strategic plan

You must use the built-in three-year plan module after the first three decision rounds of the simulation. This plan is undertaken as a management team, which must (1) state a strategic vision 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 three-year strategic plan has multiple benefits:

It prompts your 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 have to worry about taking actions that will deliver good results for several years ahead.

It gives your company 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 wrestle with whether to make any strategy changes in the light of growing demand and the likely moves of rival companies.

It gives co-managers much-needed practice in developing three-year financial projections and exploring the profitability of alternative strategy scenarios, sales volumes, and so on.

The GLO-BUS simulation will formally assign an automatic grade to the plan of your company. Drawing up a three-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 experiencing the discipline of being held accountable for achieving the three-year performance targets you and your co-managers establish.

Overall GLO-BUS performance

This is in the form of online team participation and forms part of the simulation, comprising seven decision rounds over 12 weeks. The cumulative performance of your teams company and your individual performance is the basis of assessment in this assignment. This reflects integrative management practice in the real world.

It is of critical importance that you adhere to the scheduled deadline for each decision round. No rescheduling of decision rounds will be permitted once the simulation is under way. Since the simulation allows monitoring and reporting on student activities, it is important that all students participate and contribute to the quality of decision-making. Failure to adhere to these guidelines will negatively affect overall company performance, team performance, and ultimately your individual assessment.

GLO-BUS Assignment schedule

GLO-BUS
Decision round schedule and assignment deadlines 2023
All times are displayed in the Africa/Harare time zone GMT +02:00
Activity	Deadline for saving entries		Weight (Assignment) %
GLOBUS registration deadline	08 Aug	23:59
Quiz 1 available	08 Aug	23:59
Practice decision 1 - practice year 6	15 Aug	23:59
Practice decision 2 - practice year 7	22 Aug	23:59
End of practice period (data reset to year 11)	23 Aug	23:59
Quiz 1 (online test) submission	28 Aug	23:59	40 (01)
Decision 1 - year 6	29 Aug	23:59
Decision 2 - year 7	05 Sep	23:59
Decision 3 - year 8	12 Sep	23:59
Mid-game peer evaluations available	19 Sep	23:59
Mid-game peer evaluations submission	19 Sep	23:59	10 (01)
Three-year strategic plan submission (online)	26 Sep	23:59	50 (02)
Decision 4 - year 9	26 Sep	23:59
Decision 5 - year 10	03 Oct	23:59
Quiz 2 available	03 Oct	23:59
End-of-game peer evaluations available	04 Oct	23:59
Decision 6 - year 11	10 Oct	23:59
Decision 7 - year 12	17 Oct	23:59
Quiz 2 (online test) submission	24 Oct	23:59	40 (01)
End-of-game peer evaluations submission	27 Oct	23:59	10 (01)
Overall performance evaluation (end of GLO-BUS)	27 Oct	No submission required	50 (02)