ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title Strategic Management Simulation
Code MGTK745
Coordinator Mrs EI Forrester
Management School
E.Forrester@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2022-23 Level 7 FHEQ Whole Session 10

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours   24

      25

49
Timetable (if known)              
Private Study 51
TOTAL HOURS 100

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Discussion Board Contribution Reassessment Opportunity: 500-word written coursework based on discussion post prompts Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment:  -500 words    15       
Discussion Board Contribution Reassessment Opportunity: 500-word written coursework based on discussion post prompts Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment:  -500 words    15       
Group podcast Reassessment Opportunity: 5-minute individual podcast Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: No  10 minutes    20       
Individual report Reassessment Opportunity: new assignment with the same brief Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes  -1500 words    50       

Aims

This module aims to:

Provide students with an opportunity to develop a holistic and integrated understanding of the key functional areas of management, such as, HR, R&D, Production, Marketing and Finance;

Develop students’ ability to apply analytical concepts and techniques to develop and communicate a business strategy for an organisation (in a simulated environment);

Develop students’ ability to work collaboratively to make strategic decisions, and provide opportunities for students to practice giving and receiving feedback and to critically assess their own performance.


Learning Outcomes

(LE1) A lifelong learner.
Students will have opportunities to practice skills of critical self-reflection as assess their contribution to the process of team-decision making and collaboration.

(LE2) A team player.
The learning activities and assignments will require students to work in groups and manage the interaction and relationships with other group members. In doing so, they will gain experience in negotiation, persuasion, influencing and managing conflict.

(LE3) Flexible and adaptable.
The module will provide opportunities to develop the skills needed to be flexible, adaptable and creative through experiential learning activities involving team-based collaboration and decision-making as part of the simulation.

(LO1) Students will be able to demonstrate a holistic and integrated understanding of the key functional areas of management, such as, HR, R&D, Production, Marketing and Finance.

(LO2) Students will be able to apply analytical concepts and techniques to develop and communicate a business strategy for an organisation (in a simulated environment).

(LO3) Students will be able to work collaboratively with others to agree a competitive business strategy and implement strategic decisions.

(LO4) Students will be able to draw on theories of group development to critically assess their own performance as a group member and demonstrate skill in giving and receiving constructive feedback.

(LRE1) IT literate.
Students will have opportunities to improve their IT skills through participation in interactive online business simulation activities.

(LRE2) Numerate.
Students will have the opportunity to apply their financial skills and practice analysing and interpreting different forms of data to make business decisions in a simulated environment.

(LRE3) Organised and able to work under pressure.
This will be evident in the students’ independent management of their assignments and ability to meet deadlines.


Teaching and Learning Strategies

The module is based on team-based, experiential learning and the business simulation will form the core part of the teaching strategy that presents students with a variety of complex issues relating to business analysis and decision-making. The module requires students to communicate and operate in small teams, and all students will be expected to study the guidance and instructions which accompany the simulation software. The simulation will be supported by online activities such as synchronous group work, individual and collaborative tasks and discussion boards. Students will apply their knowledge and skills to develop strategies, make group business decisions, analyse and interpret their results in the simulation and reflect on their performance as a group. These activities will be moderated by the module instructor. Students will also be directed to key academic and practitioner readings to further develop their learning and facilitate a deeper understanding of effective group d ecision-making, feedback and self-reflection.

Unscheduled Directed Student Hours: 25 hours
Description: The asynchronous simulation and interactive class activity will equate to 5 hours in week 1 and 4 hours per week in weeks 2- 6.
Attendance Recorded: Yes – tracked via the learning platform.

Students will also participate in synchronous e-seminars. The dates and times of the synchronous seminars will be confirmed at the start of the module (if there are issues with time zones another session will be provided). The synchronous sessions will focus on peer interaction, discussion and questions, with the module instructor participating as a coach and mentor. These sessions will be recorded and moderated by the module instructor.

Scheduled Directed student hours: 24 hours
Description: The synchronous seminars will equate to 4 hours a week over 6 weeks.
Attendance Recorded: Yes – tracked via the learning platform.

Self-directed learn ing hours: 51 hours
Description: This will involve directed and independent reading, and independent research into areas such as strategic decision-making, group-working and self-reflection that are relevant to the module syllabus, aims and learning outcomes.


Syllabus

 

Guidance and instruction accompanying the simulation software.

Establishing team norms and ground rules.

Group working, collaboration and conflict resolution.

Processes of peer-to-peer feedback.

Theories and models of critical self-reflection.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.