All entries for Tuesday 06 January 2009

January 06, 2009

Financial Simulation – very useful

I've studied the financial module for two days so far. Although, my first degree involved some modules about accounting and finance, i totally almost forget. This module help refreshing me a lot. I was a production manager. Actually, along the way we played the simulation, i kept asking myself how can i be better for the role because i hv not much idea how to do it. When the simulation ended i think to be more effective and efficient production manager, i should be able to foresee what will be happpened... because when my group result came out i found that if i could think about changing a machine to produce other products, our company would get more 50 million dollar. However, going bankruptcy is not the point of the simulation, i think what i and also my classmate have learnt about it is how to deal with the change because i think not everybody used to play the role the got before and also whatever failure we faced is a great lesson of our learning process as well.


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