Business Simulation Game (Individual Report) Essay

Business Simulation Game (Individual Report) - Essay Example ment of a foot-wear company operating in Europe-Africa, Latin America, Asia-Pacific and North America and the strategic decisions that the virtual company has made from its Year 10 to Year 15 of operation. The company operates in four different geographical areas; Europe-Africa, Latin America, Asia-Pacific and North America. This means the company operates in different political atmospheres. It thus has to deal with the problems and challenges of political ambiguities and turbulence. In order to create a political environment that is amenable to our business, we have pursued political risk management strategies. We have taken advantage of the growing global awareness and entered into the global market. As globalization leads to more business opportunities for our company, we have to change the roles of the business game and strategize accordingly with the changing dynamics. We appreciate that different organizational players and settings shape our business opportunities through different public policy processes in the locales that host our operations. Before settling on any particular strategy to take control of the political uncertainty, our company further considered the High Involvement Strategy. This involved contemplating the possibility of expending great resources and developing a more elaborate strategy. The strategy would be geared towards effecting the political environment in ways that would yield maximum returns to our efforts. Using this strategy, the company did not abandon the idea of networking with other similar-minded firms. Instead of coalition with like-minded firms to gain scale, the strategy would be for diverse parties to gain scope. All companies, organizations and agencies are potential members of the High Involvement Strategy. The strategy would include networking of regional, local, national, political, economic and social actors. Through frequent communication and contact, the network behaves like an information-gathering device that