Friday, January 16, 2015

Business blog post

 Do you think you were a successful business owner?
   Why or why not?
 I think that I was a successful business owner because if I had a problem I was able to fix that and not be fined afterwards.
2. What was your primary purpose in playing and managing this simulation?
 The primary purpose was to make a profit and not get bankrupted in a season.
3. What were the two main reasons for not making more money?
 People were unaware or you were being fined.
4. What do you think you did best in the planning and running of your football team?
 I think I did a good job of not being fined, since I had enough workers like security and ticket takers
5. What was your biggest weakness in running this simulation?
 the biggest weakness was that I was spending too much on advertising.
6. Explain how you managed yield management pricing?
 I managed that if one price wasn't working, I would try a lower price.
7. Explain how you used market research to help your planning.
 I would ask how much a person is willing to spend on a ticket, then use that to my advantage when i was making the ticket prices.
8. Explain how infrastructure the city's businesses affect the running of your team. 
 The infrastructure of the city affects the business because of sponsorships, if you don't have any sponsors, you wont make a lot of money.
9. Explain why it might be important to ask questions about devotion and ticket spending when trying to determine where to locate your team.
 If you don't have a good devotion among fans, not many people will show up or pay for the game
10. What promotion would you like to receive if going to one of your games?
 I would like to receive a Team jacket.

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