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Module

ACE2067 : Agribusiness & Management Simulation

  • Offered for Year: 2020/21
  • Module Leader(s): Mr Karl Christensen
  • Lecturer: Mr Simon Parker
  • Owning School: Natural and Environmental Sciences
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

Aims

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
Communication Skills:
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.
Team-working Skills:
*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
Financial Management:
*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
Inter-personal Skills:
*Negotiation and collaboration
*Time management
*Peer assessment

Teaching Methods

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion21:002:00N/A
Guided Independent StudyAssessment preparation and completion15:005:00N/A
Guided Independent StudyAssessment preparation and completion114:0014:00N/A
Structured Guided LearningLecture materials320:3016:00N/A
Structured Guided LearningAcademic skills activities40:302:00N/A
Guided Independent StudyDirected research and reading101:0010:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching113:0033:00N/A
Structured Guided LearningStructured non-synchronous discussion400:3020:00N/A
Guided Independent StudyReflective learning activity600:3030:00N/A
Guided Independent StudyStudent-led group activity321:0032:00N/A
Guided Independent StudyIndependent study220:3011:00N/A
Guided Independent StudyOnline Discussion400:3020:00N/A
Scheduled Learning And Teaching ActivitiesModule talk11:001:00N/A
Guided Independent StudyDistance Learning Advance Preparation22:004:00N/A
Total200:00
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.

Assessment Methods

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

The format of resits will be determined by the Board of Examiners

Other Assessment
Description Semester When Set Percentage Comment
Portfolio1M70Presentation to Board (15 mins) 1st ann rpt (min 500 wds) 2nd ann rpt (min 500 wds) 3rd ann rpt (min 500 wds) final share value
Computer assessment1M30Online Quiz
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 presentation 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;

-Three 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

Reading Lists

Timetable