This module provides opportunities for students to consider their learning across a range of business areas and apply it in a simulated environment. It enables them to apply their learning in strategy, finance, marketing, operations management and HR to a simulated business environment and critically reflect on their decisions.

(LO1) To set clear goals for financial management within strategic decision making.

(LO2) To set the direction of an organisation through appropriate strategic planning.

(LO3) To determine the scope of managerial responsibility in an organisation.

(LO4) To demonstrate and evaluate management decision-making and control in a dynamic context.

(LO5) To assess the dynamics of team working in a dynamic context.

(S1) Negotiation/ Influencing skills.
This is developed within the group exercise as a series of decisions have to be made in real time. students will have to come to agreement about these to progress each stage of the simulation. They will need to negotiate with the group and persuade the other members to take their preferred decision, or else try to compromise. The assessment requires them to identify how decisions were made, and analyse consequences.

(S2) Decision-making skills.
Students access a range of information. They have to agree on decisions about strategy, finance, operations, marketing and HR based on ongoing feedback and information from the simulation. The student has to critically evaluate key personal learning related to complexity, temporal impacts of decisions, and performance, and their role in the process.

(S3) Communication skills.
Students are put into groups and have to agree their roles and processes as well as their decisions. They have to communicate within the group to reach agreement on decisions and processes, and their assessments draws on team activities and the individual and team performance.

(S4) Personal reflection.
Students are prepared and encouraged in sessions prior to the simulation to consider what their potential role, and the team dynamics, might be. They are then required to analyse and reflect on what actually happened during the simulation, and the impacts, in their individual assignment.

Hybrid delivery, with social distancing on campus.

Seminars x 8 hours

Online group simulations and tutorials x 20 hours

Self-directed learning x 72 hours

Team dynamics and team approaches to risk;

Strategic decision-making in organisations and financial measures of performance;

Decision making biases and judgement – students work on simulation exercises, debate how they make decisions and respond to changing conditions;

Reflection and assessment – students reflect on their decision-making, complexity, temporal impacts and performance.