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Running Head: ‘‘GROWING YOUR BUSINESS’’-A MANAGEMENT SIMULATION

‘‘Growing Your Business’’-A Management Simulation
Institutional Affiliation
Student’s Name
Date

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‘‘GROWING YOUR BUSINESS’’- A MANAGEMENT SIMULATION

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1.) Five Key Learnings from Quarter
This quarter has been insightful in understanding the sectors that affect a company and are
essential for its success. For instance, the general report, which shows a summary of the success
achieved in the business. The variance to plan and SRO is a tool that enables businesses to correct
themselves throughout the year and improve actual and estimated data (Pal, 2015). Thirdly,
Business intelligence enables the employees of a company to understand the data they collect and
convert into meaningful information that would enable them to achieve the set goals. The fourth
is the SWOT analysis, which helps businesses strategically plan on how to combat the company’s
weaknesses and threats and exploit its strengths and opportunities related to the competition. This
tool helps the employees make decisions that would affect the company and act as a tool for
evaluating its strategic position. The last one is Industry news and internal emails. Information is
key to keeping the company running efficiently. Knowing the latest industry news and innovations
has a high probability of enabling you to spot prospective opportunities.
2.) Pre-Tax NI Walk; Plan to Actual.
There are always variances involved when comparing the planned and actual amounts in a
plan; they can either be posi...