For this discussion, the emphasis will be placed on sharing with and learning from one another. I will not be requiring a specific number of posts (e.g., one initial and two or three follow-up posts). Rather, I would like you to share your approach to the simulation. You will be responding to the following prompts in the discussion forum:
- Briefly summarize your approach:
- What was your strategy?
- Did you alter your strategy (e.g., run the simulation multiple times)?
- Where would you make improvements?
- If you ran the simulation multiple times, did your changes result in a better performance outcome? Why or why not?
- How did you compare to the top-3 data shared in Lesson 5.2? What changes do you think you might make to get you closer to the top scores (e.g. different pricing strategy, target market)?
- What would you take away from this simulation to apply to real-world situations?
- After you post your initial response, take time to read the responses of others. Pay attention to their thought process and strategies. As in the real world, there isn’t a “correct” answer. There is effective interpretation of data and the need for decision-making abilities.
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