A.

During this simulation you have been making tactical and strategic decisions. Thinking
of these address the following questions:




    • What are the
           differences and similarities between the tactical and strategic decisions
           you have made?

      • How often did
             you need to change your strategic decisions? How often did you change your
             tactical decisions?

        • What dangers
               does a company face if it focuses only on tactical decisions?








        B.

        Your
        simulation firm is an "ongoing concern." You took over
        in Year 11 from the prior owner-operators, and you will be handing the firm
        over to new managers after Year 19. Answer the following questions about the
        up-coming managerial transfer:




          • How are the
                 decisions that your team will make for Year 19 going to be impacted by the
                 fact that the firm is an ongoing concern?

            • If you were
                   selling your shares in an IPO after Year 19, would that change the way you
                   make the final set of decisions?




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