Mission Statement, Modeling and Simulation: a Synergy


 
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Mission Statement, Modeling and Simulation: a Synergy
Olusola Obilana, Analyst, Ireland, Member
STRATEGY literally relates to the mode by which an organization intends to reach its goal or objective. In a way, there is either a correlative or curvilinear relationship between modeling and strategy on the one hand, and simulation on the other hand in an organizational setting.
The adoption of any of these depends on the individual choice of organizations as it is usually a semantic option in the end.
In not a few organizations, we see such thing as a 'MISSION STATEMENT' which tends to spell out in a nutshell, what the company has as goals and objectives and the way to go about achieving same.
By way of definition, 'MODEL' simply means a systematic representation of an object or event. 'SIMULATION', on the other hand, has to do with an imitation or reproduction of essential features of something with a view to enhance production through training....Sign up
 

 
A Gigant Step from Model to Simulation
Boo Lofberg, Project Manager, Sweden, Member
My experience is that for many businesses the identifying and documentation of the business processes is a huge task. Non of my customers are ready fo...Sign up
 

 
Too Busy Analyzing the Past...
G.J. Bouwman, Business Consultant, Netherlands, Member
Research done in 2010 showed that the respondents (135) are often busy by gathering information about the performance in the PAST instead of simula...Sign up
 

 















 


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