Blog entry 7

This week our company dropped from the first in our world to the second in our world. Well company 7 came from nowhere and killed us all and got to the top which made us to be in the second place we tried to have a comeback but we couldn’t. They moved to the first place in the last two quarters which made it harder to us to comeback and fight for the first place. But let see this in the bright side in losing there are always a good side because you learn from your mistakes and that what happened company 7 were in the bottom in the first year so they learnt what they did wrong and started fixing it but we saw what we did wrong in the end of year 4 which didn’t give us enough time to fix our problem. The last week was really tight we had only 2 hours to work on our decision and to submit it. So saud printed the report and gave it to me and so I can work on the sales forecast, the new prices, advertisement, hire new sales people, increase their commission and their salaries. We tried to finish our decision in hour or hour and a half at maximum so when we upload the decision we have time to revise it. The lesson we learnt that made us lose was the sudden increase in price in the last quarter were we increased the price by $2. Also our production cost was very high comparing with our competitors because we were producing in merica and our competitors were producing in sereno the exchange rate decrease. I was saying that we lost even though we finished second but in my dictionary as sport men second is the same as last either you finish first or finish last.

Blog entry 7

This week our company dropped from the first in our world to the second in our world. Well company 7 came from nowhere and killed us all and got to the top which made us to be in the second place we tried to have a comeback but we couldn’t. They moved to the first place in the last two quarters which made it harder to us to comeback and fight for the first place. But let see this in the bright side in losing there are always a good side because you learn from your mistakes and that what happened company 7 were in the bottom in the first year so they learnt what they did wrong and started fixing it but we saw what we did wrong in the end of year 4 which didn’t give us enough time to fix our problem. The last week was really tight we had only 2 hours to work on our decision and to submit it. So saud printed the report and gave it to me and so I can work on the sales forecast, the new prices, advertisement, hire new sales people, increase their commission and their salaries. We tried to finish our decision in hour or hour and a half at maximum so when we upload the decision we have time to revise it. The lesson we learnt that made us lose was the sudden increase in price in the last quarter were we increased the price by $2. Also our production cost was very high comparing with our competitors because we were producing in merica and our competitors were producing in sereno the exchange rate decrease. I was saying that we lost even though we finished second but in my dictionary as sport men second is the same as last either you finish first or finish last.

Blog entry 6

This week we are still in the lead in total but we dropped from the first in the net income to the third it is just because we are niche market. So we got our second shift this quarter and ready to produce more so we can have enough for quarter 4. This quarter we had to reduce our expenses so we reduced our training expense, dividend and our research and development. We issued bones to buy back shares in the second quarter because we were short in cash and we had to buy back shares because the shares price is cheap know and we are expecting the share price to go up so then the it will be very expensive to buy and if we bought know then we will have bought enough so we will only focus in paying dividend and buy back bonds. To control our expenses we had to stop increasing our salary, commission and advertisement. Well the group had no idea that we are short in cash and that we had to reduce cash and our expenses so it was easy to convince everybody and reach a conclusion.

BDS entry 5

As weeks passes throw we get more knowledge and the game gets more competitive what makes the game more exciting which gives us a hint that the next few weeks won’t be easy. This week were still in the lead but we have two companies that are really close and making big trouble to us and we cant afford to make any mistake from know on I know no one is perfect but we want to be nobody to be perfect and not to fall in mistakes. The guys worked together very well and tried not to fall in trouble and fighting so we decided this week to increase our research and development to 190 which was the biggest jump we did, we didn’t change the training, we increase our advertisement by 5000, salary by 500, commission by 5 and we hired two people in Merica area 1. Our production is increasing so our production need to do something to produce enough because our sales forecast is increasing every quarter and we are in our way to quarter 4 so we need to find a solution for this.

BDS entry 4

This week we were finalizing our decision for the last quarter in year 3. We are expecting to sell the most sale for this year, and after seeing our result from the last quarter which said that we are in the top of the world gave the guy confident and made some of them not work as hard as they did in the pervious quarter. Despite the problems that happened last week, everything went without any difficulties this week which made everything much easier and made us submit our decision 4 days before the deadline. For my side in the marketing department I did the sales forecast and finished the numbers that the finance manager wants from us. Moreover Majid and myself decided to increase our advertisement by 5000, increased salary by 500, commission by 5% and increase our research and development because we want to get our new module by the next year. I’m really glad that our team worked together as a tem and there was no trouble to get them together and to fight or scream but they all are cooperative and willing to do anything to help the team win this game.

BDS entry 3

This week I got my job title changed I was in the finance and I changed to marketing to help the marketing department to be more active. This week we had a small misunderstanding when we started doing our decision form because we had some troubles doing our sale forecast our group didn't know how to do it and then when they did it we figured out that there is a mistake in it and that stopped us the finance from doing the cash flow and the income statement. The next day we solved the problem and then we finished our cash flow and our net income and then we finished our decision form. We decided to reduce R&D because we just got our new module and we are not thinking for getting a new module this quarter also. We invested more in training so we can reduce cost. For me because in this quarter I was in finance we have decide to put 1,000,000 in CD and then we changed it to 1,500,000 and then we changed it back 1,100,000 and we have paid more for dividend to 1,50. Moreover we bought back 500,000 shares. Since I got changed from finance to marketing I have started putting the future plans which was increase advertisement and sales persons, offering an optimal price for maximum revenue, good distribution to various sales offices because we don't want to have 100,000 stock in one area and the other areas stock out so we want make sure to manage and over come this problem, and we are aiming to sell high quality and high features products so we want to be niche market.

Entry 2

This week we discussed the mission, vision and the goals of the company with Mrs. Durdana, Mrs, Nickie and Mrs Susan. we started doing our mission and vision with the help of Mrs Susan the group was struggling to come out with a vision and a mission so we started brain storming we wrote all the idea's that the group threw and then we came with a mission and vision. At the same day we made few changes on the decision form where we increased our dividend and decrease the time CD. The next day we started with our goals, so each department put their own goals and then we discussed it with each other, we had some disagreement and some serous discussion but it ended well with everyone happy. We had an argument about either we open a new plant in the future or not some said we will open new plant at the beginning of the next year saood and I disagreed with the Idea se we decided to hold it till we get the sale prediction from Majid. Then I Sat with Saood and did the finance department goals which was to use the aggressive dividend payment, buyback our bonds, invest in Time CD, to keep money in the account in case of emergency and to avoid emergency loan, to buyback some of our shares if other companies issued shares, and to maximize shareholders wealth.