Simulation Review
After nine years as manager, it is appropriate to conduct a review on the performance of the Atlantis based properties owned by GoodLife Management. The last nine years has seen significant changes in and around the Atlantis area, most of which has been beneficial for GoodLife. This review will reflect on the causes that result in a shift in supply and demand, as well as how those shifts affected the strategic decisions made to ensure profitability for GoodLife. Additionally, a discussion will be presented on some of the economic triggers that played an impact on managerial decisions during the last nine year supported by a hypothesis reflecting how lessons learned during the last nine years could be applied in a different profession. And finally, a summarization on the last nine years will be provided for consideration.
Shifts in Supply and Demand
During the last nine years, there have been several issues that have caused a change in the supply and demand of our two-bedroom apartments. For brevity’s sake, the top reasons have been bulletined below:
• Regardless of the fact that GoodLife maintains a monopoly on apartments, the Atlantis properties were experiencing a shortage of rentals. This was corrected by a reduction of the rental price which resulted in a maximization of both rentals and profits.
• A change in corporate expectations lead to an initiative to maximize rental on all 2500 units, this resulted in an increase in rental to ensure maintenance and profit equilibrium on all the units.
• A boom in employment and economic growth occurred when LinTech, Inc decided to set up production in Atlantis which led to an immediate demand for ren ...