SPEAKER NOTES FOR HONE VENTURES COMPANY

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University of the Cumberlands *

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Course

601

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Management

Date

Nov 24, 2024

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docx

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3

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Slide-1: Introduction to Edumundo and its experience at InTouch business Speaker Notes: Good [morning/afternoon/evening], every person. Edumundo is a cutting-edge educational platform, and I am happy to have the opportunity to share it with you today because it has had such a huge impact on the way we do things here at InTouch. Edumundo is not just another educational tool; rather, it is a platform that extends upon the traditional pedagogical practises that are now being used in classrooms all over the world. An immersive experience can be had by individuals or by teams, with the primary emphasis being placed on the promotion of leadership, teamwork, and business simulations. The experience can be had by individuals or by teams. Edumundo is an online educational community that was established in 2019 by Brown and Eisenhardt. Users are given the ability to customize their educational experience, and they are given access to theoretical information as well as practical applications inside a simulated setting of a business. We at InTouch have found Edumundo to be a game-changer, and as a result, we enthusiastically endorse it. Because of this, we are able to put our theoretical understanding to use in the mobile phone industry by performing risk-free market analysis and making strategic decisions. This allows us to put our theoretical expertise to use in the mobile phone industry. The collaborative element of the platform is a mirror of the challenges that organizations actually encounter in the world, which helps to increase communication and teamwork. . Slide 2: Application of Gibbs Theory in Edumundo Practice Speaker Notes Today, we will talk about the many different applications that the Gibbs theory could have inside the framework of Edumundo, as well as the consequences that this has for the mobile phone business that InTouch runs. Utilizing the Gibbs Reflective Cycle, which is a tool that is commonly used in the field of experiential learning, makes it possible to investigate one's own experiences in a methodical manner. This is one of the many benefits of engaging in this type of learning. Continuous feedback loops and introspective exercises are both a part of the design of Edumundo, and both of these aspects adhere to the principles that Gibbs proposed. During the course of our participation in the simulated business scenarios, we take many breaks. During these breaks, we analyse our decision-making processes, discuss the implications of our choices, and think about potential alternate courses of action. The encouragement of cycle reflection by Edumundo is one of the contributors to the creation of this iterative and adaptable approach to the administration of InTouch that has been mentioned.
Slide-3: Role of Gibbs Theory with Edumundo Speaker Notes: A recent Edumundo simulation held at InTouch presented us with a supply chain management dilemma, and brought Gibbs' theory into focus as a potential solution. Because of complications with our suppliers, our team was delayed in the launch of a new phone, which initially caused feelings of annoyance and concern among our employees. Our model of the supply chain was compelled to be evaluated as a result of this situation, which led to the discovery of opportunities for improvement. By adopting Gibbs' reflective cycle, we came to the conclusion that the problem might have been averted by doing a comprehensive risk assessment at the initial planning stages and improving communication within the team. Moving forwards, we intend to employ the tools provided by Edumundo in order to incorporate complete risk assessment into our strategic planning. Slide-4: Relating the Edumundo Experience to a Realistic Market Environment in the Mobile Phone Industry Speaker Notes: Let's make a comparison between the challenges we had with Edumundo and the challenges that mobile phone companies truly face in the market today, and then draw some parallels between the two different kinds of problems that exist. The situation that took place at Edumundo, in which a significant delay from a supplier had an effect on product delivery, is illustrative of the challenges that are presented by the fast-paced and cutthroat nature of the mobile phone market. The market for mobile phones is notable for the intense amount of rivalry that exists in it. Because of a significant delay on the part of the supplier, the launch of the product was significantly impacted in this instance. Problems in the supply chain of the mobile phone industry can have significant ramifications, including the loss of market share, client interest, and financial difficulties. These issues can occur at any point in the chain. There are several possible explanations for why issues of this nature arise. There are many other hypotheses that might be considered when attempting to explain why problems of this sort occur. This shows how important it is to have efficient management of supply chains, which is a topic that Edumundo also covers. Slide-5: Lessons learned and conclusion Speaker Notes: During the course of our enquiry and analysis of Edumundo, we uncovered important information that we have the potential to put to use in the mobile phone sector. The importance of risk management in an efficient manner is brought into sharper focus by these newly gained
insights. Because InTouch is able to apply the findings of the simulation to real-world circumstances, we are able to guarantee that our business plans are based on elements that are relevant to the industry, as opposed to depending solely on theory. This enables us to guarantee that our business plans are built on aspects that are relevant to the industry. Because it helps to keep Edumundo moving forwards, the Gibbs reflective cycle, which is what inspires Edumundo's continual expansion, is a suitable fit for the dynamic character of the mobile phone market. This is because the Gibbs reflective cycle helps to keep Edumundo moving forwards. In order for us to adjust to changing market conditions, shifting client tastes, and new technological breakthroughs, it is essential that we review and change our business strategy on a regular basis. In conclusion, Edumundo has been an exciting learning platform for InTouch. It has helped to drive adaptation, teamwork, and strategic decision-making within the continuously changing environment of the mobile phone business.
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