For this particular exercise, I decided to play the game called Diner City. (http://games.t45ol.com/play/6132/diner-city.html) The object of this game is to manage a restaurant sufficiently. You are responsible for everything from making decisions about the decor on the outside of your restaurant to hiring the serving and cleaning staff on the inside.
There is a delicate balance when running a business that must always be maintained in order to be profitable and the pros and cons of each decision must be weighed before making it final. For example, when considering another employee, you must determine whether or not you've got the clientele (demand) to justify that persons wage. Will he/she cost more than you'll make by hiring them? And vice-versa, when making the decision the spruce up the decor, will you have enough staff and resources (supply) to adequately serve the increase in foot traffic? Also, would a bench or newsstand deter the customers enough to avoid hiring another employee? Which would be the more logical purchase? My thoughts would be the newsstand even though it is slightly more expensive, you will more than likely recoup those costs with sales and there is also the opportunity to turn a profit! You may not always be in the financial position to answer these questions with such ease - you may only have the funds for one, so it better be the right decision or it could lead to your demise against the competition.
I think that it is always important to consider what the future has in store (pun intended) when operating a business in order to effectively manage what resources, both funds and consumer goods, are available to make it a success.
Hi Lacey,
ReplyDeleteThanks for the posting. I totally agreed the importance of decision making. It can lead you to succeed or failure. However, the failure might make you more wisely on your next decision making.
Thanks,
Randy Lui