Posted: September 1st, 2023

Budgeting essay

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Budgeting
business
simulation one
Decisions for Quarter Four and Final Qualitative Competitive Ranking
[WLOs: 2, 4] [CLOs: 1, 3, 4]
Prior to beginning work on this assignment, carefully review the content found in the “Suggestions for Quarter 4” pop-up screen and read any Quarter Three Internal Emails and/or Memos available through your Growing Your Business simulation. The pop-up will be available at the lower left (Blue Guidelines) of the Executive Summary Decisions Tab and the emails and memos can be re-accessed through the Help section.

As in prior quarters, you will revise and submit your Quarter 4 Decisions. If there is any quarter that requires balancing the short- and long-term this is it. You need not only to meet and/or exceed your Financial Targets within your budget/plan but are creating shareholder value for the long-term. Reminder, if you have the ability to exceed plan as you saw in the Internal Emails, go for it.

After your fourth quarter results are returned, the first screen you will see will be your Final Quantitative Competitive Ranking. This will be followed by Guidelines for “When Q4 Results are returned.” The Winning Chart can always be found on the Quarterly Dashboard under “Winner.” The ranking you receive from these results will determine your grade for Part I of the Week 5 Assignment. 1st = 10, 2nd = 9.25, 3rd = 8.5.

In your Growing Your Business simulation,

Evaluate quantitative and qualitative techniques for business analysis and decision-making.
Utilize tools from finance, marketing, information technology and human resources management to manage the profitability of overall business operations specific to Quarter 4.
Create specific business tactics to achieve organizational survival and growth.
The Decisions for Quarter Four and Final Qualitative Competitive Ranking

Must be completed through the Growing Your Business simulation.
Must use the Role Play
It is critical you read the details of the role play very carefully and any questions should immediately be referred to the Help Desk.
You can gain differentiated competitive advantage through effective use of the role play.
Some role players only provide qualitative information, while others provide the ability to negotiate with quantitatively.
The role play is a scarce resource because of the limited number of calls per quarter.
Must submit your Quarter Four Budget Plan.
Periodically, as you modify inputs, use the “Model My Plan” at the lower right to see the impact of your decisions on the Financial Metrics.
Input your financial decision and then click on the blue Submit My SRO button on the bottom right of the Quarterly Decisions screen.
You must submit your Quarter Four Decisions prior to moving on to this week’s Annual Operating Review assignment.

simulation 2 (separate entry)

Annual Operating Review (AOR)
[WLOs: 3] [CLOs: 1, 2, 3, 4]
You must submit your Quarter Four Decisions prior to moving on this week’s Annual Operating Review assignment. With the completion of Quarter Four, you are responsible for completing your Annual Operating Review (AOR). This is a qualitative and quantitative summary of your competitive performance for the year. Once the PDF is generated in the simulation, you will then upload that document for grading through Waypoint below. This will have a similar look and feel to the QBRs but is a review of the entire year as well responding, as any business leader needs to your long-term and how you will create shareholder value. At this time, your Business Intelligence Dashboard (all of the graphics) should provide you with the data to critically analyze your competitors for the year and how they are positioned for the longer term. Note the Variance Graphics are of slightly different form to reflect your annual activities.

Through the Growing Your Business simulation,

Evaluate quantitative and qualitative techniques for business analysis and decision-making.
Assess the strengths, weaknesses, opportunities, and threats associated with the corporate strategy & policy process.
Utilize tools from finance, marketing, information technology and human resources management to manage the profitability of overall business operations.
Create specific business tactics to achieve organizational survival and growth.
The Annual Operating Review,

Must be completed through the Growing Your Business simulation. Once the PDF is generated in the simulation, you will then upload that document for grading through Waypoint below.
Must be completed and submitted using all of the data provided including
Quarterly Pre-Tax Net Income relative to Plan for the Year
Review the Pre-Tax Net Income Chart ExplanationPreview the document document
Cash Flow walk
Review the How To Read The Cash Flow Walk ChartPreview the documentdocument
Pre-tax Net Income in Plan
Must show that Hisco is on track to Meet/Exceed its Annual Net Income Commitment through an evaluation of both quantitative and qualitative techniques for business analysis and decision making.
Must create specific business tactics to achieve organizational survival and growth.
After completing, check the box and submit in the lower right.
After completing the simulation, students must save the provided pdf from the pdf found within the Executive Summary tab of the Quarterly Decisions page and submit it through Waypoint. Verify your submission was successful.
To access the PDF for submission, click on the QTRLY Decisions tab from the simulation home page and then go to the Executive Summary tab. Within the Executive Summary page, you will find a Download link associated with each quarterly decision you completed.
Must use scholarly sources in addition to the course text.
The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper (Links to an external site.) guide.
Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List (Links to an external site.) resource in the Ashford Writing Center fo