Description
review the business scenario and discuss the most important information needed to determine a potential new strategy for the company.BizSim, LLC’s mission is to produce and market business simulation tools to higher education institutions. They are in a highly competitive market, which has been significantly disrupted by the release of OpenAI’s artificial intelligence Web product, ChatGPT, which fostered a number of new entrants, as well as potential client institutions now creating in-house simulation lesson plans.BizSim is considering how to move forward, and company leadership has asked selected employees in each functional discipline to collaborate on developing potential new strategies (e.g., products, processes, etc.). You are a member of one of those groups, and since you are currently attending a course in one of the company’s disciplines (i.e., Finance, Human Resources, Information Technology, Legal/Ethical, Marketing, Operations, and Strategy), you should frame your posts from that perspective.
