Business Simulation

Duration

50h Mon. WS

Number of credits

Lecturer

Anne Chanteux

Language(s) of instruction

English language

Organisation and examination

Teaching in the first semester, review in January

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

The simulation game consists of 5 teams of 4 or 5 students each. Each team represents a company on a market, and competes with the four others. The students make up the board of the company. The game lasts 4 days. The first half-day is devoted to presenting the game and briefing all participants. Each team makes 12 decisions, which corresponds to one decision per quarter for 3 years. According to its decisions, and the decisions of competitors, the company receives a quarterly result sheet. After 3 simulated years of company life, the board has to present their results to their partners (shareholders, bank, works council). In the game, those partners are represented by all participants. The decisions of each team are analysed and synthesized in a final report drawn up by the organizers.
The 4 days of simulation are preceeded by preparing classes aimed at set the basis of financial accounting and management control which are needed for the business game.

Learning outcomes of the learning unit

This course aims at helping students (working in teams) : - discover the interaction between the major functions of a company (production, finance, marketing, human resources); - learn how to define policies, infer objectives & compare results with objectives; - train at decision-making;
- use objectives measurement tools so that they can manage performance.

Prerequisite knowledge and skills

FIN 505 Accounting & Finance
SC 529 Logistics and Production
MKTG 552 Marketing
RH 132 Staff Management

Planned learning activities and teaching methods

Mode of delivery (face to face, distance learning, hybrid learning)

Preparing classes will take place during the weeks preceeding the business game (Wednesday 23/9, 30/9, 7/10, 14/10/2020 from 2 to 5 pm - room 015).
Simulation itself is organized ion line from Monday 19 to Thursday 22 October 2020 (9 am to 6 pm)  (!!! oral presentations on Thusday 22 from 3 to 5 pm - room 126)
Presence of students at ALL the preparing classes AND at the 4 simulation days is COMPULSORY.

Organisational adjustments related to the current health context

Recommended or required readings

A leaflet with the rules of the game will be available on -line before the game starts.
It should be read carefully and a test on it will take place.

Assessment methods and criteria

Below you will find information on the evaluation methods planned for in-person and remote exams as well as those planned for hybrid sessions. Depending on how the health crisis evolves, the chosen method will be communicated to you no later than one month before the start of the exam session.

1st session assessment : Test on prerequisites + Continuous assessment of each team's performance + Oral presentation + Written report
2nd session assessment : Test on prerequisites + Written report + Oral presentation
!!! Second session is only available for students who attend preparing classes and business simulation days in October.

Work placement(s)

Organizational remarks

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Contacts

CHANTEUX Anne Assistant Professor Department Finance, Accounting and Law HEC-Ecole de gestion de l'ULiège Rue Louvrex, 14 4000 Liège Bât. N1Tél: +32 4 2327261 Email: Anne.Chanteux@uliege.be
Room 304