Business Simulation (online) (5 op)

Arviointiasteikko

0-5

Sisällön jaksotus

Tutorials between 20.2.-10.3.2023
Decision-making rounds between 20.2. to 27.5.2023
Final presentations between 8.-12.5.2023
Final reports latest 19.5.2023

Tavoitteet

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

Sisältö

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.

Oppimateriaalit

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

Opetusmenetelmät

Four asynchronous tutorials-based on problem-based learning.

1st: Introduction to Moodle workspace, case description and course passing requirements.
2nd: Decision making part 1
3rd: Decision making part 2
4th: Practice round commentary

In addition to tutorial, groups will have access to:
Problem clinic: consultation meeting with groups to resolve queries and future road map.
Insight on every round performance
open discussion platform

Tenttien ajankohdat ja uusintamahdollisuudet

No exam

Opiskelijan ajankäyttö ja kuormitus

Student workload (135 hrs total) consists of:
- tutorials and final presentations in class 15 hrs
- online decision-making in teams 70 hrs
- written assignments and presentation preparation in teams 30 hrs
- individual self-study 20 hrs

Arviointikriteerit, tyydyttävä (1)

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.

Arviointikriteerit, hyvä (3)

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.

Arviointikriteerit, kiitettävä (5)

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.

Esitietovaatimukset

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

Lisätiedot

Student assessment based on (all as a group member):
- simulation result (cumulative shareholder return rounds 1-6): 50 %
- reporting items 5 x 10 % = 50 %
(interim report, press release x 2, final report, final presentation)

Doing all items obligatory for passing