35NL year 1 Entrepreneurial assignment: Difference between revisions
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{{35NL header general}} | {{35NL header general}} | ||
== Decisions on prices and costs year | == Decisions on prices and costs year 1 and an infographic== | ||
Check the page [[Year 1-2-3-4]]. During four years you have to take a number of decisions | Check the page [[Year 1-2-3-4]]. During four years you have to take a number of decisions | ||
* | * On prices (five decisions) | ||
* | * On costs to be made (five other decisions) | ||
Visualize (your choices) in an infographic. | Visualize (your choices) in an infographic. | ||
| Line 14: | Line 14: | ||
== Goal == | == Goal == | ||
Making decisions which fit-in with your new strategy and which will keep the Bergman's, as well as the customer satisfied. Regarding the costs: all of the five cost groups have not been used in the history: all of these costs will be additional to the existing fixed and variable costs. Be careful to have a balance between the total of the (new) costs, the prices and your strategy. In the end, the idea is that you keep the profit on the level that the hotel used to have or make it go up. <br> | Making decisions which fit-in with your new strategy and which will keep the Bergman's, as well as the customer satisfied. Regarding the costs: all of the five cost groups have not been used in the history: all of these costs will be additional to the existing fixed and variable costs. Be careful to have a balance between the total of the (new) costs, the prices and your strategy. In the end, the idea is that you keep the profit on the level that the hotel used to have or make it go up. <br> | ||
A lot of things will change, as your team takes over and has new plans. To all kinds of stakeholders, the changes might be a bit unclear, and good communication is needed. Make an infographic | A lot of things will change, as your team takes over and has new plans. To all kinds of stakeholders, the changes might be a bit unclear, and good communication is needed. Make an infographic that shows the ideal situation of the hotel in four years: you choose which decisions from your Teams side will be in, and which expected results. <br> | ||
You make this especially for Jill, keep this goal in mind. | You make this especially for Jill, keep this goal in mind. | ||
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The most important thing is the arguments you give, underneath every decision. Why did you choose them? Try to find benchmarks, put URL or links in, make basic calculations, try to predict the outcome of your decisions. <br> | The most important thing is the arguments you give, underneath every decision. Why did you choose them? Try to find benchmarks, put URL or links in, make basic calculations, try to predict the outcome of your decisions. <br> | ||
Especially looking at the costs: these are going to be additional: | Especially looking at the costs: these are going to be additional: | ||
* | * Exactly what are you going to spend the money on? and, | ||
* | * What do you think it will bring your hotel? Be concrete, also calculate. | ||
This is the first year | This is the first year your team takes these decisions, so you just have the year 0 (history) and the explanations pages on this platform to look at as a point of reference. So, use these. | ||
* Make an attractive and functional infographic | * Make an attractive and functional infographic | ||
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* Are there basic calculations done to show the effect of the choices at each choice? | * Are there basic calculations done to show the effect of the choices at each choice? | ||
* Is there a link to what happened in the history? | * Is there a link to what happened in the history? | ||
* Does the infographic | * Does the infographic make sense, does it give relevant and understandable information? <br> | ||
* Is it in line with the house style? | * Is it in line with the house style? | ||
== Handing in == | == Handing in == | ||
You work in the cloud: no need to save (done automatically) or hand-in your Team File. Just be sure your decisions in your Team File on the tab year 1-2-3-4, regarding year 1 are ready, well before the deadline. | You work in the cloud: no need to save (done automatically) or hand-in your Team File. Just be sure your decisions in your Team File on the tab year 1-2-3-4, regarding year 1 are all done and ready, well before the deadline.<br> | ||
Upload your infographic somewhere in the cloud | Do '''not''' copy paste prices or explanation in your team File from the year before! Make 'fresh', new explanations and even when prices are alike, type them in and do not copy paste. <br> | ||
Upload your infographic somewhere in the cloud. Put the link to this file in row 47, the section 'Extra information for your coach; links to assignments': year 1, so cell D47. Be sure the file is '''freely accessible''' without logging in or anything, just the click on the link should open it! | |||
== Additional information == | == Additional information == | ||
Latest revision as of 14:55, 18 August 2021
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Decisions on prices and costs year 1 and an infographic
Check the page Year 1-2-3-4. During four years you have to take a number of decisions
- On prices (five decisions)
- On costs to be made (five other decisions)
Visualize (your choices) in an infographic.
Situation
On the page operating review you can see how the Emerald Forest has been managed in the past. You take over the hotel and have already chosen a new strategy. Now you choose the prices (five of them) which will bring revenues and the costs you are going to make on five specific choices. All choices and boundaries are explained on the page Year 1-2-3-4 decisions. You will make all these decisions now for this year. After having seen the results from this year you decide on the new 'amounts' in year 2 and 3.
Goal
Making decisions which fit-in with your new strategy and which will keep the Bergman's, as well as the customer satisfied. Regarding the costs: all of the five cost groups have not been used in the history: all of these costs will be additional to the existing fixed and variable costs. Be careful to have a balance between the total of the (new) costs, the prices and your strategy. In the end, the idea is that you keep the profit on the level that the hotel used to have or make it go up.
A lot of things will change, as your team takes over and has new plans. To all kinds of stakeholders, the changes might be a bit unclear, and good communication is needed. Make an infographic that shows the ideal situation of the hotel in four years: you choose which decisions from your Teams side will be in, and which expected results.
You make this especially for Jill, keep this goal in mind.
Deliverable
Fill out all of the ten decisions in your Team File on the tab Year1-2-3-4.
The most important thing is the arguments you give, underneath every decision. Why did you choose them? Try to find benchmarks, put URL or links in, make basic calculations, try to predict the outcome of your decisions.
Especially looking at the costs: these are going to be additional:
- Exactly what are you going to spend the money on? and,
- What do you think it will bring your hotel? Be concrete, also calculate.
This is the first year your team takes these decisions, so you just have the year 0 (history) and the explanations pages on this platform to look at as a point of reference. So, use these.
- Make an attractive and functional infographic
Assessed elements
- Are all choices made and within the boundaries set?
- Is there a clear link to the strategy?
- Are the arguments valid?
- Is it clear what the costs are spent on exactly?
- Are there basic calculations done to show the effect of the choices at each choice?
- Is there a link to what happened in the history?
- Does the infographic make sense, does it give relevant and understandable information?
- Is it in line with the house style?
Handing in
You work in the cloud: no need to save (done automatically) or hand-in your Team File. Just be sure your decisions in your Team File on the tab year 1-2-3-4, regarding year 1 are all done and ready, well before the deadline.
Do not copy paste prices or explanation in your team File from the year before! Make 'fresh', new explanations and even when prices are alike, type them in and do not copy paste.
Upload your infographic somewhere in the cloud. Put the link to this file in row 47, the section 'Extra information for your coach; links to assignments': year 1, so cell D47. Be sure the file is freely accessible without logging in or anything, just the click on the link should open it!
Additional information
- Demo Team File of a finished Game. Each competition is a bit different, but it will give you an idea of what a filled out Team File might look like
- History
- Year 1-2-3-4 Decisions
- Operating review
- Why use infographics at all?
- Infographic with PP templates
- Working with Pictochart
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