Teaching Matters

2 - Steve Allen

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Teaching Matters | Presentation Details |

Title

Business simulations as a Work Integrated Learning methodology


Author(s)

Stephen Allen*, Tasmanian School of Business and Economics (TSBE)


Subtheme

Work Integrated Learning


Presentation Type

Poster


Room

Foyer


Time

12.30-13.20


Abstract

It is often the case that people from technical backgrounds (e.g. engineers, medical practitioners, nurses, fitters and turners, software programmers, social workers) find them themselves promoted into management or senior executive positions in organisations.  When these situations occur, the newly appointed leaders often indicate that two of the areas where their skills and knowledge are lacking are financial management skills as well of a knowledge of how the overall business of their organisation is conducted.  Traditional ‘finance for non-finance managers’ programs (e.g. lecture followed by case study) often do not:
* ‘engage’ the learner/manager;
* cater for different learning styles; and
* do not engender ‘deep learning’ of financial and operational management skills and knowledge.
Game based business simulations which model the real world organisation, provide a learning methodology that is characterised by:  ‘applied learning’; a work integrated learning approach; teamwork in business decision making; engagement with different learning styles (e.g. auditory, tactile, visual); and, it can be argued, ‘deep learning’ of financial and operational skills and knowledge.

Resource

Download presentation (requires University of Tasmania login) (PDF)

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