shellygurumi: So I graduated with a degree in Business Management in 2008. And my capstone course in
shellygurumi:So I graduated with a degree in Business Management in 2008. And my capstone course in the business program was basically playing a game through the whole semester.The whole class was divided up into teams, and we played an online game that was basically an emulation of running a sport shoe brand. Every team in the class competed against each other and there was also a way to compete against every other group in the country/world who was playing the same game at the same time.My team didn’t do so well, because we just happened to be in a really highly competitive class. (I had a friend who took the same class, but on a different day/time and he looked at my team’s numbers and said we’d be highly ranked in his class.) Anyway, our company was failing by comparison to the market, so we threw all of our money into marketing and basically used shit manufacturing. We didn’t pay the workers well, we didn’t use good materials, our shoes were trash, but our BRAND was marketed as premium and something people wanted.So our sales were mad crazy, we marked up the cost of our shoes to an astronomical amount. At one point, our team’s company had the highest rank ROI (return on investment - basically, we invested $1 on our shoes and got $50 back) in the COUNTRY. Not just in our class. At the end of the semester, when we completed the game and had to present to the class how we ran our business, we basically trashed our company. We said it was the worst thing to do, but it was the only way our company stayed in business in the competitive market of our class. Anyway, this is like, a professional model game, it’s based on the way the real world works. Real world companies sell shitty products made by underpaid workers in other countries and sell it at an insane markup. The products aren’t worth what you paid, and no one prospers except the executives running the company.My team basically said that our company was evil and no one should run a business the way we did. -- source link
#world stuff#capitalism