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 | ULMS774 | ||
Coordinator |
Dr DK Anderton Strategy, IB and Entrepreneurship Dane.Anderton@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2023-24 | Level 7 FHEQ | First Semester | 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 |
10 |
15 |
3 |
28 | |||
Timetable (if known) | |||||||
Private Study | 72 | ||||||
TOTAL HOURS | 100 |
Assessment |
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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 |
Individual assignment. There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. | 0 | 70 | ||||
Group presentation. There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment. | 15 | 30 |
Aims |
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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, and operations management to a simulated business environment and critically reflect on their decisions. |
Learning Outcomes |
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(LO1) Students will be able to critically evaluate how the processes of strategic management assist organisations in major corporate and business decisions relating to the scope, scale and direction of an organisation’s activities. |
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(LO2) Students will be able to critically analyse and evaluate the steps in an organisation's strategic decision making process from a holistic and integrated understanding of the key functional areas of management, such as: HR; R&D; Production; Marketing; and Finance. |
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(LO3) Students will be able to demonstrate awareness and utility of key theoretical models and the managerial accounting framework to support financial decision-making in relation to costing, budgeting, and performance evaluation. |
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(LO4) Students will be able demonstrate the role of responsible business and its impact on how organisations evaluate and measure the success of a strategy. |
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(LO5) Students will be able to reflect on and evaluate their own decision making process. |
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(S1) Negotiation/ Influencing skills. |
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(S2) Decision-making skills. |
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(S3) Communication skills. |
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(S4) Personal reflection. |
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(S5) Presentation skills. |
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(S6) Group Working. |
Teaching and Learning Strategies |
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2 hour lecture x 5 weeks |
Syllabus |
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Designing and implementing strategy overview; Guidance and instruction accompanying the simulation software; Establishing team norms and ground rules; Group working, collaboration and conflict resolution; How the processes of strategic management assists organisations in major corporate and business decisions relating to the scope, scale and direction of an organisation’s activities; Strategic decisions making processes; How organisations measure the success of a strategy; Theories and models of critical self-reflection. Alongside strategic management frameworks, students will use reflective models to analyse their decision-making, make sense of complexity, temporal impacts and performance. |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |