UnEARTHing Iowa, College of Growth in Iowa
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| Ria Thompson 
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David Miller |
Pella. Hmmm…the town of roses, wooden shows, and tasty Dutch letters! After spending a nice morning at Bank Iowa with its President Jim Langin, Jeff Vroman, and my favorite speaker of the day: Adam Carroll. They spent the morning discussing what their professions entail and Adam Carroll spoke about how to make easy passive money using resources others lack access to. I now know how to outsource all of my schoolwork! We visited the Pella Corp. showroom in, believe it or not…Pella, Iowa. We learned of what a wonderful company Pella is and the positive atmosphere that surrounds the workers. The cool part of the day was spent after lunch in the simulation area of the building. We were set up in teams to work as food owners attempting to gain our shareholders the greatest return on investment through altering sale price, marketing commitments, and choosing our items to invest in.
From this simulation I learned that communication within a team is key. The best way to pursue success is to have an initial goal and make adjustments to it. If you just start “shooting at whatever ducks fly by” you will fail to gain ground on other teams. Our company could have done better with a more focused and organized objective. I say that despite the fact that we had some great success with what we did and ended up in second place well above the third place finishers --- go SIGMA!!! Does anything remain unclear to me? Ah, not really. I learned of the relationship between sale price and marketing and how that affects inventory. I prefer to stick with the idea of market a low priced item with quality service in order to develop a market of which you can sell to as your product and price grows. My only uncertainty would be if that is the best strategy, let me know if you got something better… |
Aug 10, 2009 9:33 PM
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Leadership Iowa University is a program of the Iowa Association of Business and Industry (ABI) Foundation. The program is designed to bring together two ABI Foundation programs, Leadership Iowa and Business Horizons, to create a unique opportunity for college students. Leadership Iowa University will educate, inspire and develop young leaders as the foundation for Iowa’s future economic growth and encourage their on-going involvement in local communities and the state to create a better future for all Iowans. |  |
