Lessons Learned and to be learned

Background Managing centre Technology was the start-off air course I befool ever enrolled for. From the very beginning of the course, I knew that it will a very enkindle course and indeed, I find it to be a successful, memorable and kindle way of education. Part 1 H wholenessstly speaking I took the fashion model very easy in the beginning. But as we move in to week 3, I started to realize that we really enquire to imply ourselves if we need to do better in the simulation.There ar several mention learnings that I take from this simulation course, such as 1. Fundamental companionship First of all, I would say, to do a product line or to build a decision, one should seek knowledge regarding that business or position. unmatched should do homework before thinking roughly playing whatever role in the business scenario. Seeking fundamental knowledge is the first step. 2. Do not Limit yourself It is pivotal to know your business purlieu swell up and remember, business und erstanding it is not limited to the empyrean you are responsible for. One should know the overall strategy of the company and the fortune in which the company is working.The motorcoach, regardless of his/her role in the company should be aware of the challenges company is currently facing in achieving its goals and objectives. 3. Be a Guru When you are responsible for making decision in one of the area of the company, it is of utmost important that you acquire all the technical and non-technical expertise in that area. Ideally, nobody should be more aware than you in that particular sphere so that you can make the decision confidently and that people gaze your decision and dont challenge it without knowing the depth of it. 4. Competitve password is Key Always make well informed decisions. Look for the weaknesses of the competition. consistently track their performance and their financial detail so that you are well aware in advance if they are in a situation where you can take advantage and consolidate your position in the securities industry place. 5. Be a Visionary You cannot be a successful manager or CEO if you are unable to look in to the in store(predicate) and make decision according to the future challenges. You have to keep one eye at the long destination objectives of the organization and plan accordingly. specify from the mistakes and make tactical changes but never alter your long term strategy because you fail in achieving one or two of your piddling term goals. Part 2 Key Take Aways A. Strategic persuasion One of the top learnings from the simulation is the importance of strategic thinking. When we started the simulation, we thought that sole(prenominal) one segment, High-Tech, will be good enough to become attractor in the overall simulation and it proved wrong. We knew in the middle of the simulation but stuck to our initial strategy which I guess was the right topic to do because eventually High-Tech market is the future.B. Leader ship Qualities It sounds like an continuation of the first point Strategic Thinking, but it is actually not. I have learned from this simulation that a company is defined by the explanation of its CEO. Leadership plays an important role in driving all the areas of business and it requires special capabilities to perform as a leader. Leadership is not about making final decisions it is about making the right decision at the right time. I want to learn how I can be a successful leader in the field of marketing and sales, which is my passion.