Business Simulation (online) (HBIB0009)

Business Simulation (online), 5 cr - HBIB0009

Business Simulation (online) (HBIB0009-3009), 12.02.2024 – 20.05.2024,
5 cr (HBI24VKIGSH, ...) — Online learning + -
Language of instruction

English

Timing

12.02.2024 - 20.05.2024

Lecturer(s)

Jay Panjwani, Juha Saukkonen

Planned learning activities, teaching methods and guidance

Business simulation improves the learners' understanding and capabilities of running global business operations of a firm in a dynamic, competitive environment. The simulation game is used in advanced undergraduate, graduate and executive MBA programs in higher education and corporate training programs. In addition, the platform provides an opportunity to experience strategic positions for executing essential decisions for the company.

In this course, you are able to apply theoretical knowledge and experience in real-time challenges. Analyzing the market, following the competition, advancing in the technology, understanding consumer demand and their portfolio, executing the investment decision, organizing the expenses, human resource development and promoting the research and development operations in marketing.

Upon completion of the course you will be able to:
Skills in Critical and Analytical Understanding IBCRI

Critically review, analyze and understand information available from the gaming platform (market reports and companies' income statements and balance sheets) and from academic and professional business sources to inform decisions in the technology business sphere

Applied Business Skills IBBUS

Apply disciplinary and interdisciplinary knowledge to analyze business challenges and trends to propose or take in action in the simulated market of technology business.

Communication Skills IBCOM

Communicate responsibly, effectively and professionally in English in oral and written formats.

Intercultural Collaborative Skills IBCOL

Participate in inter- and multicultural settings and demonstrate teamwork skills

Method:
Asynchronous session with explicit understanding of simulation and business concepts
Online problem clinic offering with course instructor
Hybrid final presentation

Learning materials and recommended literature

The material as provided by lecturers on the course Moodle-space + on the simulation platform (CESIM Global Challenge).

Exam dates and re-exam possibilities

no exam

Learning assignments and student workload

Student work load for this course is 135 this means 6,75 weekly hours of studying.

Lectures listening and understanding: 35h

Cesim simulation practice round and decision-making: 50h

Interim report: 10h

Press release assignment 10h

CSR report:10h

Final Report:10h

Presentation preparation and delivery 10h

Content scheduling

Three Asynchronous session with explicit understanding of simulation and business concepts
Online problem clinics with course instructor
Hybrid final presentation
Groups
- HBI24VKIGSH
- HBI24VKK
- HBI21S1
- HBI22S1
- HBI24VK
Seats

12 - 32

Assessment methods

Interim report round 1 and 2 (10%)- late submission 0%

Press release to shareholders (10%)- late submission 0%

CSR report (10%)- late submission 0%

Final report (10%)- late submission 0%

Presentations (10%)- late submission 0%

Simulation results+10% (40%)+10% number of hours spent individually on cesim

All segment are mend

Degree Programme

Bachelor's Degree Programme in International Business

Mode of delivery

Online learning

Share of R&D studies

0.00 cr

Share of virtual studies

5.00 cr

Unit

School of Business

Business simulation improves the learners' understanding and capabilities of running global business operations of a firm in a dynamic, competitive environment. The simulation game is used in advanced undergraduate, graduate and executive MBA programs in higher education and corporate training programs. In addition, the platform provides an opportunity to experience strategic positions for executing essential decisions for the company.

In this course, you are able to apply theoretical knowledge and experience in real-time challenges. Analysing the market, following the competition, advancing in the technology, understanding consumer demand and their portfolio, executing the investment decision, organising the expenses, human resource development and promoting the research and development operations.

Tip: The better understand the practicality of the workspace and course requirements, please review each page of the workspace until you have a clear vision of the course. You will require 2-3 hours to review the workspace.

Upon completion of the course you will be able to:
Skills in Critical and Analytical Understanding IBCRI

Critically review, analyze and understand information available from the gaming platform (market reports and companies' income statements and balance sheets) and from academic and professional business sources to inform decisions in the technology business sphere

Applied Business Skills IBBUS

Apply disciplinary and interdisciplinary knowledge to analyze business challenges and trends to propose or take in action in the simulated market of technology business.

Communication Skills IBCOM

Communicate responsibly, effectively and professionally in English in oral and written formats.

Intercultural Collaborative Skills IBCOL

Participate in inter- and multicultural settings and demonstrate teamwork skills

Strategic decision making, technology business dynamics, research and development, in-sourcing/outsourcing, competition benchmark, managing finances in multinational organization, business analytics, business reporting, marketing analytics.

Asynchronous session with explicit understanding of simulation and business concepts
Online problem clinic offering with course instructor
Hybrid final presentation

The course deepens the learnings of JAMK courses of: Technology Business and Future Foresight and Technology Business Dynamic and Marketing Analytics.

Basic courses of Management and Financial Management (JAMK Degree students) or equivalent course of basics of management (exchange students) completed.

0-5

Sufficient (1):

Critical and Analytical Understanding Skills IBCRI: You show some but limited ability to analyze and evaluate business information relevant to decision-making.

Applied Business skills IBBUS: You show basic skills in analyzing business information and reasoning on that to make decisions. The decision lack strategic backing. Your decisions lead to poor results measured as development of shareholder value.

Communications Skills IBCOM: You are able to transmit and justify some of your team´s ideas and results in English but business-style communication practice is lacking.

Collaborative Skills IBCOL: You integrate to the team and its process and give some input into the team´s achievement.

Satisfactory (2):

Critical and Analytical Understanding Skills IBCRI: You show basic ability to analyze and evaluate business information relevant to decision-making.

Applied Business skills IBBUS: You show skills in analyzing business information and reasoning on that to make decisions, but the available data is used in a limited way and the long-term planning is not well applied.

Communications Skills IBCOM: You are able to transmit and justify the most important of your team´s ideas and results in English. The communication lacks partly the touch of professional business reporting.

Collaborative Skills IBCOL: You integrate to the team, commit to do your part and are a member of the team´s achievement.

Good (3) –
Critical and Analytical Understanding Skills IBCRI: You show clear ability to analyze and evaluate business information relevant to decision-making.

Applied Business skills IBBUS: You show skills in analyzing business information and reasoning on that to make decisions. You show skills in creating and applying long-term visions and strategies to guide decision-making. Your decisions

Communications Skills IBCOM: You are to transmit and justify some of your team´s ideas and results in English and show skills of applying some business practices of communication.

Collaborative Skills IBCOL: You integrate to the team and its process and give an important input into the team´s achievement.

Very Good (4) –

Critical and Analytical Understanding Skills IBCRI: You show ability to analyze internal and external business information relevant to decision-making.

Applied Business skills IBBUS: You and your team are able to act based on the data available. You are well able to apply long-term view in your decision-making. Your decisions lead to positive (simulation) business success measured as creation of shareholder value.

Communications Skills IBCOM: You communicate with clarity your team´s decisions and results in English in a mostly business-level manner.

Collaborative Skills IBCOL: You integrate well to the team and give a fair share of input into the team´s achievement.

Excellent (5) –

Critical and Analytical Understanding Skills IBCRI: You show wide set of skill in analyzing internal and external business information relevant to decision-making from various viewpoints.

Applied Business skills IBBUS: You and your team are able to assess options of action based on the data available, and apply long-term strategizing and planning in your decision-making. Your decisions lead to high-level (simulation) business success measured as shareholder value.

Communications Skills IBCOM: You communicate with depth and clarity your team´s decisions and results in English in a business-level manner.

Collaborative Skills IBCOL: You integrate well to the team, show commitment and give an important input into the team´s achievement.

Business Simulation (online), 5 cr - HBIB0009

Upcoming implementations