We had a project in my Managerial Accounting class these past few weeks where we had to take over a fictional company, and make all of the decisions such as production, sales, forecasts, suppliers, credit, workers, wages, etc.; everything. The first period, we had some decisions planned out by the professor just to get us used to the program; The second period, we made every single decision on our own.
My group was kind of useless, and slow with the math, so I took control of the project. I made all of the decisions, did the math on my own, and provided the rationale for my decisions, as well as why we should make x decision over y for both periods while they tried to catch up with the numbers to try to double check me. The first period, we did okay, but not as well as I had hoped. The second period, we were able to make decisions we weren’t able to in the first period as well as fix possible problems from the first period. I made every decision for my group unchallenged [I kind of wish I had been though, at least a little].
Our team came in third overall, out of 34 groups, for highest net income for the second period, and the same for cumulative net income over both periods. I’m in school for Management. This project proved to me for the first time in my college career that I might just be on the right track with school. Even if I’m wrong about the rankings, I still made the decisions that more than quadrupled our net income from the first period to the second, and brought us from middle of the pack, to nearly the top.
It feels fantastic, to be honest.