Business Simulation with Professional Development

Summary of module for applicants:

The aim of this module is for you to develop, maintain and evaluate a successful organisation through advanced analysis and synthesis of data in a simulated ‘live’ context. Students will focus on the process of business and professional development. They will demonstrate the ability to critically evaluate business success, make recommendations for improvement and manage their own career development.

The module is designed to embed theoretical perspectives through participation in a business simulation over a number of financial years. Students will manage the business in a virtual environment analysing their process whilst using, and reflecting on, theories and frameworks they have studied.

Main topics of study:

• International business
• Strategy
• Human Resources
• Marketing
• Finance
• Operations and logistics
• Career management and skills for success
• Consultancy skills
• The nature of business reports and plans.
• Reflective practice and career development
• Negotiation & conflict management skills
• Presenting with impact & personal Branding

Learning Outcomes for the module
The following codes identify where a learning outcome meets one of the UEL core competencies:

• Digital Proficiency - Code = (DP)
• Industry Connections - Code = (IC)
• Emotional Intelligence Development - Code = (EID)
• Social Intelligence Development - Code = (SID)
• Physical Intelligence Development - Code = (PID)
• Cultural Intelligence Development - Code = (CID)
• Community Connections - Code = (CC)
• UEL Give-Back - Code = (UGB)
• Cognitive Intelligence – Code = (COI)

At the end of this module, students will be able to:

Knowledge
1. Explain the theory and practice of businesses (COI, CID, SID)
2. Describe a range of current problems and changes that organizations face in being successful (COI, CID, IC, SID).

Thinking skills
3. Critically evaluate research and theory to support decision-making and explain progress (COI, CID, SID).
4. Analyse complex issues, make reasoned judgments with incomplete data, and communicate conclusions clearly to specialist and non-specialist audiences (COI).

Subject-based practical skills
5. Students will discuss good practice for organization success (COI, CID, SID).
6. Undertake a critical audit of skills and capabilities for a professional career and identify areas required for improvement (COI, CID, EID).

Skills for life and work (general skills)
7. Developing and communicating critical evaluations of organization progress (CID, EID, SID)
8. Working effectively in teams (COI, CID, EID, SID)