Question

Glo-bus Corporation - The executive team should each write a one page executive summary of their major take away's from the course and the Glo-Bus simulation.

Answer 1

Answer:

Glo-bus Corporation - The executive summary of major takes away from the course and the Glo-Bus simulation are as below

• Glo bus application provides the great concept on business strategy and its implementation at the business level in any of the region of the world. This provides the learning suitable for the business in terms of strategic management and business strategy develop for the business.
• Glo bus application provide the business core concepts and set of analytical tools and options that helps the students to learn and apply the analytics on business management and come out with suitable findings that can help to develop the business to achieve the desired business objectives.
• It provide the business scenario in the global world and the competitive environment available in the global dynamic market so that students can understand the key factors of it and can make a note to use this key factors in their strategy and application of business processes.
• Glo-Bus application provides the practical environment to the students so that students can apply their approaches and see the outcome and compare with their business planning. Thus it will give an understanding in the planning gap that impacts the business at high extent. Thus students can explore the tactic and strategy applications for their planned business in their target markets.
• The Glo bus application has four different geographical market regions where the students can apply their business core concepts and analytical tools for reviewing their strategic impact. These target geographical markets are Europe –Africa, North America, Asia-Pacific and Latin America. Key factor of each geographical region are available in the Glo Bus simulation and students can easily understand the key business differences in each geographical regions. Thus these difference factors can be explored by students during their business plans and avoid major impacts in their investments.

So overall we can say that we have great learning from the Glo Bus Application and it has contribution in the learning of students on business management and its applications.