This week your business analysis and decision making skills will be utilized in the business simulation.
You will submit your budget for the year. You will have financial targets that you will try to meet. You will submit a plan for all four quarters. The plan will contain financial operating targets. Each quarter you will either be under budget, right on budget or over budget. Accordingly, you will be able to make adjustments to your plan in Quarter 2. When operating a business not everything happens the way that we want it to. As managers, we have more control over the internal operations of the company. However, we often have very little direct control over external factors such as the operations of our suppliers and the operations of our competition. Thus much emphasis is placed upon factors that we as managers can direct influence. You will submit your Quarterly Business Review (QBR) as part of your overall assessment of how well your operations followed your plan. Your content in the QBR is based on the results that are generated from your plan.