She wondered whether analytics could help her decide where to sell and how much to charge on a daily basis. Besides location, the owner had collected data on a few other factors-the weather, the day of the week, the city's population, and whether a festival was going on-that had had an impact on the demand for her product.
In addition to working in Hamilton, she had tried to maximize her revenues by driving to several other cities and charging various prices for each burger, depending partly on the fresh ingredients available in each city. The owner of a food truck based in Hamilton, Ontario, was looking over the first year of her operations. Performance Appraisals: Are "A" Players Always "A.Case Description of Food Truck Forecaster Case Study.Understanding Personal Goals to Drive Team Perform.
Dropbox CEO Offers Great Advice for College Graduates. Predicting Accurately: Focus on Outcomes First, N. Microsoft Acquires LinkedIn: Separate or Together?. Venture Capital Investments that Suppress Innovation?. GE's Beth Comstock on Bad News & Innovation. Inculcating Your Organization's Core Values in You. Is Getting Rid of Performance Reviews Really a Goo. I hope that many professors will take a look! We believe that this exercise is well-suited for instructors teaching entrepreneurship, design thinking, new product development, innovation, and team/organizational learning topics and courses. Students work individually or in teams to achieve maximum revenue over 5 simulated weeks and win the "Food Truck Challenge." In each round, students make decisions about where to park and what menu item to offer in hopes of finding the best menu-location combination and yielding the highest sales. In this online exercise, students try to run a successful food truck in the city of Boomtown. Faculty members should be able to run the exercise and debrief it in a single class session. Unlike my prior simulations, this exercise is designed to be run in just 30 minutes. This new teaching tool is titled, New Venture Exercise: The Food Truck Challenge. I am very excited to announce the launch of a new online experiential exercise that I have developed in collaboration with Harvard Business Publishing and Forio (the same partners with whom I collaborated on two prior simulations including the Everest Leadership and Team Simulation).
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