business simulation
DESCRIPTION
Slides from the presentation by Helen Smith (University of Abertay) from the UKCLE event, Open educational resources in simulation learning (Simshare workshop), held in Edinburgh on 19 May 2010.TRANSCRIPT
ABERTAY UNIVERSITY
Breaking Barriers
Business Simulation
Helen SmithDundee Business School
University of Abertay
ABERTAY UNIVERSITY
Breaking Barriers
Introduction
Business Simulation provided by
Embedded into a 2nd year moduleBusiness, Management and Finance
studentsAssessed
ABERTAY UNIVERSITY
Breaking Barriers
Why use a Business Simulation?
Embeds learning and allows theory to be put into practice
Opportunity to see effect of business decisions Why an on-line simulation? Better than a case study?
– No software to download and store– Access 24/7– Results processing is automatic– All resources downloadable from the website
ABERTAY UNIVERSITY
Breaking Barriers
How does it work?Introductory session 3 weeks before
start of simulationInformation pack100 studentsTeams of 5Team Leader4 streams each of 5 teams
ABERTAY UNIVERSITY
Breaking Barriers
The TaskSimulation based on an international
sports clothing manufacturerTeams are the Board of Directors for
the “failing” companyCompete within streamsSubmit weekly decisions – fixed deadline
– Trial Trading Period and 4 Trading Periods
ABERTAY UNIVERSITY
Breaking Barriers
The Aim
Turn company roundRespond to weekly scenariosMaintain customer satisfaction andMaximise profit
ABERTAY UNIVERSITY
Breaking Barriers
Simulation Resources
Participants guide and helpdeskStudents and Tutors loginsScenario updatesManagement reportsUploading decisionsResults and feedback
ABERTAY UNIVERSITY
Breaking Barriers
Results Feedback
Results processed by Learning Dynamics
Group specific feedback via e-mailHints and TipsManagement Report
ABERTAY UNIVERSITY
Breaking Barriers
http://www.ldsimulations.com/BME/dbs_login.aspx
ABERTAY UNIVERSITY
Breaking Barriers
How Assessed
Group reflective presentation– Strategy adopted and any changes– Challenges– Skills used/learned– Reaction to weekly results– What learned– Do differently next time
ABERTAY UNIVERSITY
Breaking Barriers
Skills Developed
CommunicationEnterprisePlanningSelf-evaluationProblem solvingQuantitative
LeadershipInterpersonalIT SkillsProfessionalismTeam-work
ABERTAY UNIVERSITY
Breaking Barriers
And finally ………
“Fantastic experience – love to try again”
www.learningdynamics.co.uk