ACE2067 : Agribusiness Management
- Offered for Year: 2017/18
- Module Leader(s): Mr Karl Christensen
- Lecturer: Mr Simon Parker
- Owning School: Natural and Environmental Sciences
- Teaching Location: Newcastle City Campus
|Semester 1 Credit Value:||10|
|Semester 2 Credit Value:||10|
This module aims to stimulate students' interest in advanced integrated management concepts, including Corporate Strategy Formulation, Interpreting Corporate and management accounts, Operations Management, Human Relations Management, Marketing and Supply Chain Management, and their practical application using management and corporate accounts to inform decision making within a business simulation exercise. Students will work in groups developing appropriate transferable skills through the business simulation exercise, in order to facilitate student career development in management.
Outline Of Syllabus
Managing Business Strategy
*Alignment of financial accounts, internal business processes, human resources to customer, shareholder value.
*Linking strategies to operations, resource allocation, initiatives, & plans.
*Supply Chain Integration and Development
Current issues in supply chain development, including collaboration, integration, and logistics
Development of presentation skills to provide a team based account (in Annual General Meeting format) of management of the simulation business, during a defined period of tenure.
*Principles of team-working
*Psychometric testing and profiling for working in teams
Integrated Management Simulation:
*Applied integrated decision making in production, marketing, finance, staffing, to develop value of a manufacturing business in a competitive market.
*Team work over a defined period of tenure.
*Integration of concepts, strategies, systems
*Interpretation and development of both management and corporate accounts.
*Identification and interpretation of parameters of financial performance and status using team generated management accounts. (Budgetary Control)
*Debt and equity funding
*Negotiation and collaboration
|Guided Independent Study||Assessment preparation and completion||1||2:00||2:00||Students reflect upon peer and own performance to prepare for on-line peer assessment|
|Scheduled Learning And Teaching Activities||Lecture||3||2:00||6:00||N/A|
|Guided Independent Study||Assessment preparation and completion||1||14:00||14:00||Exam (computer -based) and preparation|
|Scheduled Learning And Teaching Activities||Lecture||5||2:00||10:00||Supply chain management principles|
|Guided Independent Study||Assessment preparation and completion||3||6:00||18:00||Preparation for the presentation of the annual reports and the AGM|
|Scheduled Learning And Teaching Activities||Small group teaching||5||2:00||10:00||Students work in teams to submit decisions focused on one managerial function and recieve feedback|
|Scheduled Learning And Teaching Activities||Small group teaching||11||2:00||22:00||Students work in groups to prepare decisions about the management of a virtual company|
|Guided Independent Study||Reflective learning activity||7||2:00||14:00||Groupwork analysing feedback from previous decisions and preparing for the next set of decisions|
|Guided Independent Study||Reflective learning activity||4||4:00||16:00||Students work in groups preparing management accounts to aid decision making for business simulation|
|Guided Independent Study||Student-led group activity||8||4:00||32:00||Students assimilate feedback from simulation and independently prepare next decisions|
|Guided Independent Study||Independent study||1||24:00||24:00||General course related reading|
|Guided Independent Study||Independent study||1||10:00||10:00||Writing up lecture notes|
|Guided Independent Study||Independent study||5||4:00||20:00||Students reflect upon the impact of changing a single parameter via simulation feedback|
|Scheduled Learning And Teaching Activities||Scheduled on-line contact time||1||2:00||2:00||On-line peer assessment using WebPA|
Teaching Rationale And Relationship
The module will use lectures and small group teaching drawing on case studies to illustrate approaches taken by managers to resolve complex issues/problems in actual business situations.
A competitive business simulation is used to develop business analytical skills (e.g. management accounting), self awareness, and teamworking skills, as well as providing a virtual framework upon which, students practise and evaluate their integrated management capabilities. By working together in groups to compete with each other in the business simulation, the students learn the value of acquiring business intelligence, and the necessity to become familiar with the factors affecting the performance of a business, and how that appears and is measured in standard accounting practices. The regular nature of the scheduled decisions with planned periods of feedback and reflection encourage an acute awareness of the limits of students' own skills and those of others, and the methods available to optimise these resources to maximise the output and results of their endeavours.
The format of resits will be determined by the Board of Examiners
|Portfolio||1||M||70||Peer weighted includes presentation to Board (10 mins), 1st annual rpt (500 wds), 2nd annual rpt (500 wds) & final share value|
Assessment Rationale And Relationship
The Integrated Management Simulation is assessed through the submission of a portfolio of work containing:
The oral presentation at the AGM to their peer group, presenting the rationale behind the decisions they have made whilst in charge of their virtual company. This is designed to develop and test students' oral and presentational skills in a live environment, the use of a video of their own presentation, available by dropbox in conjunction with the assessment panel mark, promotes reflection and deeper self awareness of presentation/communication skills.
Two written Annual Reports provide an opportunity to demonstrate deeper understanding of the integrated nature of business management and assess the students' ability to reflect and record team based activities and performance.
The final share value
All the portfolio of assessed work will be covered by peer review facilitated via WebPA which allows the group marks to be fairly adjusted, if necessary, according to an individual's contribution to the groupwork.
The examination is designed to test the students understanding of principles of supply chain and business management encountered during the business simulation