Analyzing Competitors and Financial Summaries with StratSim Simulation v6

Demonstration of StratSim Simulation v6, showcasing features and decision-making processes for analyzing competitors and financial summaries.

00:00:01 A demonstration of the StratSim Simulation v6, where users receive a login to play around before class. Access the simulation at interpretive.com with provided user ID and password.

๐ŸŽฎ To access the simulation, go to interpretive.com and login with the provided user id and password.

๐Ÿ“Š The simulation dashboard provides various metrics to monitor your progress.

๐Ÿ” Maximize the window for a larger view of the simulation dashboard.

00:01:04 This video demonstrates the StratSim Simulation and its features, including viewing competition results and making decisions for a company.

๐Ÿ“Š The simulation shows the results of period number eight, but you can also view results from prior years.

๐Ÿ‘จโ€๐Ÿ’ผ The upper left corner is where you manage the simulation and access important information about your company.

๐ŸŒ You can also analyze the competition's offerings and the marketplace in separate sections.

00:02:06 A demonstration video showcasing how to use the StratSim simulation platform to analyze competitors, financial summaries, and micro segments.

๐Ÿ“Š The financial summary provides high-level numbers on the competition's market shares, sales, and profitabilities.

๐Ÿ” Clicking on the blue links allows for detailed information on specific firms, including income statements, balance sheets, and cash flows.

๐ŸŽฏ The micro segments section provides insights into the customers purchasing the products.

00:03:10 This video demonstrates the StratSim simulation and explains the micro segments of value-seeking customers buying economy class cars and trucks.

๐Ÿš— The one e micro segment represents value-seeking customers buying economy class cars.

๐Ÿšš The one t micro segment represents value-seeking customers buying trucks.

๐Ÿ’ฐ It is advised to spend $25,000 to obtain valuable information about potential customers.

00:04:13 This video demonstrates a position map that shows where vehicles in a competition line up based on their price relative to size. It also shows decision-making processes in marketing and advertising.

๐Ÿ“ The position map shows the sales price of vehicles relative to their size.

๐Ÿ’ก Many vehicles selling to the 1t customers are currently too small for their size preferences.

๐Ÿ“Š Decisions can be made regarding advertising and brand awareness to drive sales.

00:05:16 StratSim Simulation Demonstration Video - v6: Learn efficient and suggested approaches for the competition without breaking the simulation. Review and modify decisions easily in the Decision Analysis section.

๐Ÿ“ˆ The StratSim simulation is iterative and incremental, with suggested approaches provided.

๐Ÿ’ฐ Decisions in the simulation are not committed until the end of the round, except for buying information.

๐Ÿ“Š The Decision Analysis section allows for reviewing and analyzing all entered department data.

00:06:19 This video demonstrates how to generate pro forma results based on a sales forecast. The navigation menu is important for decision-making.

๐Ÿ“Š The pro forma projected results are based on the sales forecast.

๐Ÿ’ฐ Changing the sales forecast impacts the pro forma results seen in the income statement and balance sheet.

๐Ÿ“ The bottom left part of the navigation menu is important during decision making.

Summary of a video "StratSim Simulation Demonstration Video - v6" by PriSim Business War Games on YouTube.

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