reflective summary.docx - Arturo Saenz Strategic Management Professor Martello Thursday May 2 2019 At first I faced many challenges when completing the

reflective summary.docx - Arturo Saenz Strategic Management...

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Arturo Saenz Strategic Management Professor Martello Thursday, May 2, 2019
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At first, I faced many challenges when completing the Foundation stimulation. I didn’t know if I should create a product in the first round. Also, marketing decisions were really hard at first because I thought I was spending too much money in marketing. At the end I understood that marketing is essential to promote the product and for people to buy it. Also, I had heard about many of the finance terms but didn’t know how to apply them in the simulation. When it comes to finance, I always tried to stay positive at the end of my decisions and tried to have enough cash before using long term debt. I overcome these difficulties by watching YouTube videos and reading blogs that helped me understand a lot better the software. For example, I learned that When TQM Starts, you want to spend $1500 on the first round, then $1500 on the second round, and then finally $1000 on the third round. This expenditure would be for every single aspect in TQM. When it comes to R&D it is vital
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