THIS IS WHAT I WROTEHello Professor and Classmates,Howsucce

THIS IS WHAT I WROTE:Hello Professor and Classmates,Howsuccessful were you and your teams in using the financial informationprovided in the Marketplace Simulation and what would you do differentlyto increase your success based on the game play you have completed sofar?Wewere very successful in using the financial information provided in themarketplace simulation as we were able to understandthe meaningful interpretation as well as analysis of balance sheets,income statements, as well as cash flow statements, was the start of thesmart investment. We were able to understand the different financialstatement characteristics before we had focusedon individual areas. We had to utilize our knowledge about thefinancial information and how to apply them within the marketplace. Ihad to use what I already knew and also understand the meaning and howthey can be used in the calculations of profit and lossin a business (Glauser, 2016).Inorder to increase my success based on the game, there was a need totake competitors into consideration. Our team for the firstjust focused on our strategy and goals for the company in attempt tomaximize profits for the company. After ending up doing okay in thesecond quarter we thought it can help to see what the other competitorswere doing compared to our brands and what wasworking and what was not and the areas we may need to tweak in order togain more control of the market share. A couple competitors were doingvery well compared to us, and which gave us an opportunity to be focusedon our business in order to catch them andmake our business a success which paid off for us in the third quarterresults.Whatis the relationship between the financial statements provided by theMarketplace Simulation and the concept of profitability analysis?How will/can you use this tool to increase the success of your decisionmaking?Financialstatements are official records that record financial happenings andsituation of the business. An example of the financialstatement is balance sheet, which is used to calculate the assets andliabilities of the business at a time. Profitability analysis conceptgives the administrators an opportunity to forecast the profitability ofa proposal. The relationship between financialstatements and the concept of profit analysis is that they may both beused in calculating the business profits and losses. Through that, theadministrators may come up with an option of addressing where thebusiness needs improvements. Definitely, I woulduse the financial tool, such as balance sheet, to come up with possibledecisions on how to make profits (Govindarajan, 2016).Conductresearch using the Kaplan Library, the web or other sources that youuncover and post at least 3 additional resources on how to usethese tools to increase the foundation of knowledge for all. Pleasealso provide a small synopsis of each article and the points you foundparticularly valuable.Profitabilitycan be considered as the ability of the business to make profits fromdifferent activities done. It provides information on how to makeprofits in the business by use of different resources in the market. · Peavler, R. (n.d.). Basic Financial RatioAnalysis. Retrieved October 25, 2015, From http://bizfinance.about.com/od/financialratios/a/This is based on profitability rations,whereby the financial tools are used in determining an organizational bottom line and its return to investors.· Marketing91. Profitability Analysis. (2011,July 30). Retrieved October 25, 2015, Fromhttp://www.marketing91.com/profitability-analysis/This is based on an analysis ofcost and revenue of a firm in order to determine if the firm is making profits or not.· Profitability Ratio Analysis.(2016,June 15).Retrieved from:https://www.thebalance.com/profitability-ratio-analysis-393185Profitability ratios maybe divided into different types, which aremargins and returns. These ratios can be used to show how the firm is making profits and performance.Identifya company that you are interested in learning more about (your currentcompany is fine to use) and investigate their best practiceson achieving profitability. Thecompany I am planning to use is Apple Company. The company usesdifferent practices in order to achieve its productivity. Thecompany aligns to its organizational goals, whereby it makes sure thatthe goals set have been achieved. The innovation of its products isbased on the customer’s complaints and experience. For quality products,the company gets feedback from the customersthus produces quality products in the future. Through that, the sale ofits products becomes high in the market.ReferencesGlauser, M. (2016).Main Street Entrepreneur:Build Your Dream Company Doing What You Love Where You Live. Entrepreneur Press.Govindarajan, V. (2016).The Three-Box Solution:A Strategy for Leading Innovation. Harvard Business Review Press. Peavler, R. (n.d.). Basic Financial RatioAnalysis. Retrieved October 25, 2015, From http://bizfinance.about.com/od/financialratios/a/Marketing91. Profitability Analysis. RetrievedOctober 25, 2015, From http://www.marketing91.com/profitability-analysis/Profitability Ratio Analysis. Retrieved from:https://www.thebalance.com/profitability-ratio-analysis-393185THIS IS WHAT I AM BEING ASKED TO ANSWER FROM PEOPLE RESPONDING TO WHAT I WROTE:1. good insights and post here! Nowthat you have experienced this kind of analysis and its attendantimpacts, what is your biggest learning that could be taken forward forthese in your business/work, etc? Also, as youthink about the final decisions for your team simulation, how mightthis impact your integrative thinking as related to the final decisions 2. Likeyour team, we focused on our strategy and goals for the company in thebeginning. We did not do so hot in the beginning. Afterthe 2nd quarter, it was a lot easierto get an idea of what competitors were doing and what the customerswanted, which ultimately told us what was working and what was not. Thegood thing about not doing well in the beginningis that you have nowhere to go but up, which is what we did in the 3rdquarter. The financial statements were valuable, especially the cashflow statement for prior quarter and the pro Forma Accounting.It is important to know past outcomesand future predictions to make optimal decision in all areas of yourbusiness. I found it amazing how much each piece of the simulationaffected the bottom line and the different methodsto see how successful we were.Ithink Apple is a great company for you to learn more about. Where youable to find any detail on what ratios and financial data theyanalyze to achieve profitability? I found it difficult to find thatlevel of detail when researching my company.Great job on your post.

THIS IS WHAT I WROTEHello Professor and Classmates,Howsucce

THIS IS WHAT I WROTE:Hello Professor and Classmates,Howsuccessful were you and your teams in using the financial informationprovided in the Marketplace Simulation and what would you do differentlyto increase your success based on the game play you have completed sofar?Wewere very successful in using the financial information provided in themarketplace simulation as we were able to understandthe meaningful interpretation as well as analysis of balance sheets,income statements, as well as cash flow statements, was the start of thesmart investment. We were able to understand the different financialstatement characteristics before we had focusedon individual areas. We had to utilize our knowledge about thefinancial information and how to apply them within the marketplace. Ihad to use what I already knew and also understand the meaning and howthey can be used in the calculations of profit and lossin a business (Glauser, 2016).Inorder to increase my success based on the game, there was a need totake competitors into consideration. Our team for the firstjust focused on our strategy and goals for the company in attempt tomaximize profits for the company. After ending up doing okay in thesecond quarter we thought it can help to see what the other competitorswere doing compared to our brands and what wasworking and what was not and the areas we may need to tweak in order togain more control of the market share. A couple competitors were doingvery well compared to us, and which gave us an opportunity to be focusedon our business in order to catch them andmake our business a success which paid off for us in the third quarterresults.Whatis the relationship between the financial statements provided by theMarketplace Simulation and the concept of profitability analysis?How will/can you use this tool to increase the success of your decisionmaking?Financialstatements are official records that record financial happenings andsituation of the business. An example of the financialstatement is balance sheet, which is used to calculate the assets andliabilities of the business at a time. Profitability analysis conceptgives the administrators an opportunity to forecast the profitability ofa proposal. The relationship between financialstatements and the concept of profit analysis is that they may both beused in calculating the business profits and losses. Through that, theadministrators may come up with an option of addressing where thebusiness needs improvements. Definitely, I woulduse the financial tool, such as balance sheet, to come up with possibledecisions on how to make profits (Govindarajan, 2016).Conductresearch using the Kaplan Library, the web or other sources that youuncover and post at least 3 additional resources on how to usethese tools to increase the foundation of knowledge for all. Pleasealso provide a small synopsis of each article and the points you foundparticularly valuable.Profitabilitycan be considered as the ability of the business to make profits fromdifferent activities done. It provides information on how to makeprofits in the business by use of different resources in the market. · Peavler, R. (n.d.). Basic Financial RatioAnalysis. Retrieved October 25, 2015, From http://bizfinance.about.com/od/financialratios/a/This is based on profitability rations,whereby the financial tools are used in determining an organizational bottom line and its return to investors.· Marketing91. Profitability Analysis. (2011,July 30). Retrieved October 25, 2015, Fromhttp://www.marketing91.com/profitability-analysis/This is based on an analysis ofcost and revenue of a firm in order to determine if the firm is making profits or not.· Profitability Ratio Analysis.(2016,June 15).Retrieved from:https://www.thebalance.com/profitability-ratio-analysis-393185Profitability ratios maybe divided into different types, which aremargins and returns. These ratios can be used to show how the firm is making profits and performance.Identifya company that you are interested in learning more about (your currentcompany is fine to use) and investigate their best practiceson achieving profitability. Thecompany I am planning to use is Apple Company. The company usesdifferent practices in order to achieve its productivity. Thecompany aligns to its organizational goals, whereby it makes sure thatthe goals set have been achieved. The innovation of its products isbased on the customer’s complaints and experience. For quality products,the company gets feedback from the customersthus produces quality products in the future. Through that, the sale ofits products becomes high in the market.ReferencesGlauser, M. (2016).Main Street Entrepreneur:Build Your Dream Company Doing What You Love Where You Live. Entrepreneur Press.Govindarajan, V. (2016).The Three-Box Solution:A Strategy for Leading Innovation. Harvard Business Review Press. Peavler, R. (n.d.). Basic Financial RatioAnalysis. Retrieved October 25, 2015, From http://bizfinance.about.com/od/financialratios/a/Marketing91. Profitability Analysis. RetrievedOctober 25, 2015, From http://www.marketing91.com/profitability-analysis/Profitability Ratio Analysis. Retrieved from:https://www.thebalance.com/profitability-ratio-analysis-393185THIS IS WHAT I AM BEING ASKED TO ANSWER FROM PEOPLE RESPONDING TO WHAT I WROTE:1. good insights and post here! Nowthat you have experienced this kind of analysis and its attendantimpacts, what is your biggest learning that could be taken forward forthese in your business/work, etc? Also, as youthink about the final decisions for your team simulation, how mightthis impact your integrative thinking as related to the final decisions 2. Likeyour team, we focused on our strategy and goals for the company in thebeginning. We did not do so hot in the beginning. Afterthe 2nd quarter, it was a lot easierto get an idea of what competitors were doing and what the customerswanted, which ultimately told us what was working and what was not. Thegood thing about not doing well in the beginningis that you have nowhere to go but up, which is what we did in the 3rdquarter. The financial statements were valuable, especially the cashflow statement for prior quarter and the pro Forma Accounting.It is important to know past outcomesand future predictions to make optimal decision in all areas of yourbusiness. I found it amazing how much each piece of the simulationaffected the bottom line and the different methodsto see how successful we were.Ithink Apple is a great company for you to learn more about. Where youable to find any detail on what ratios and financial data theyanalyze to achieve profitability? I found it difficult to find thatlevel of detail when researching my company.Great job on your post.