Business Simulation

Course Code: 
MAN424
Course Type: 
Area Elective
P: 
3
Application: 
0
Credits: 
3
ECTS: 
5
Course Language: 
Almanca
Course Objectives: 
1. To increase awareness of the complexity of operating an international company from a strategic and general management perspective 2. To develop capabilities in identifying & analyzing key environmental & organizational variables that may influence an organization performance within & across national markets, and how these variables may influence the organization 3. Enhance fact-based analytical decision-making and understand the financial implications of business decisions by linking the decisions to cash flows and bottom line performance. 4. Get practical experiences in team-work and problem solving and excite competitive spirits in a dynamically evolving marketplace.
Course Content: 

This course gives more sophisticated business analysis, marketing and strategy concepts with the goal of completing a market-oriented strategic business plan in a PC-based team simulation over 10 weeks of the course. By the end of the course, students will be able to put together a strategic business plan and present it to the class.

Course Methodology: 
1: Lecture, 2: Question-Answer, 3: Discussion,
Course Evaluation Methods: 
A: Testing, B: Homework, C: Performance

Vertical Tabs

Course Learning Outcomes

Learning Outcomes

Program Learning Outcomes

Teaching Methods

Assessment Methods

Ability to develop, evaluate, and/or revise business and marketing plans for an international business.

1,2

1,2,3,

A,B,C

Ability to identify the basic operation of the functional departments in a National/international business to include human resources, marketing, finance/accounting, and purchasing.

3,4

1,2,3,

A,B,C

Ability to demonstrate management practices.

4,12

1,2,3,

A,B,C

Ability to develop cross­cultural business skills in a team environment.

4

1,2,3,

A,B,C

Ability to demonstrate problem­solving and critical decision­making skills in real business situations.

1,6,9

1,2,3,

A,B,C

 
 

Course Flow

Week

Topics

Study Materials

1

Course Introduction, Requirements, and Policies

---

2

Introduction to the Business Simulation

Textbook

3

Practice Round

Textbook

4

Round #1, Business Plan Presentations

Textbook

5

Round #2, Business Plan Presentations

Textbook

6

Round #3, Business Plan Presentations

Textbook

7

Round #4, Business Plan Presentations

Textbook

8

Round #5, Business Plan Presentations

Textbook

9

Round #6, Business Plan Presentations

Textbook

10

Round #7, Business Plan Presentations

Textbook

11

Round #8, Business Plan Presentations

Textbook

12

Round #9, Business Plan Presentations

Textbook

13

Round #10, Business Plan Presentations

Textbook

14

General Evaluation

---

 
 

Recommended Sources

Textbook

Business Simulation Textbook

Additional Resources

Strategic Management Books

 
 

Material Sharing

Documents

PowerPoint presentations, Videos

Assignments

 

Exams

 
 
 

Assessment

IN-TERM STUDIES

NUMBER

PERCENTAGE

Mid-terms

1

50

Quizzes

-

 

Assignment

5

50

Total

 

100

Contribution of final examination to overall grade

 

40

Contribution of in-term studies to overall grade

 

60

Total

 

100

 

 

COURSE CATEGORY

Expertise/Field Courses

 
 

Course’s Contribution to Program

No

Program Learning Outcomes

Contribution

1

2

3

4

5

1

Students should be able to use basic knowledge of International Business Management theoretically and practically for identification, modeling and solving of problems for businesses operating on a global scale.

       

X

2

Students should possess the essential body of knowledge related to International Business Management including the state-of-the art concepts, theories and models, historical evolution of that discipline, the scientific methodology in general, and the research tools and techniques utilized in that discipline, in particular.

   

X

   

3

Students should understand the core competences of juridical, political, social, and economic psychological dimensions related to International Business Management.

   

X

   

4

Students should be able to conduct independent research in their discipline by specifying information needs for investigating a topic-of interest, accessing the appropriate sources of knowledge, and preparing a comprehensive report.

       

X

5

Students should understand the interdependency and interrelationship among disciplines should be able to relate and synthesize International Business Management knowledge with diverse disciplines, and generate new information accordingly.

       

X

6

Students should be able to fulfill their responsibility as team leader or team member in project implementations or applied studies that are related to International Business Management.

       

X

7

Students should be able to design and plan projects to achieve organizational goals and objectives setted or to improve organizational performance.

       

X

8

Students should be able to critically evaluate the knowledge in the area of International Business Management, assess self-competency and direct self-learning efforts accordingly.

     

X

 

9

Students should understand the importance of life-long learning and self-assessment to maintain their personal and professional development.

     

X

 

10

By rapidly changing global circumstances, students should be able to show that they understand the importance of flexibility in thinking and generating creative solutions in order to succeed in professional life.

     

X

 

11

Students should be able to effectively communicate in written and oral German on a corporate level with people from diverse backgrounds.

 

 

X

 

 

12

Students should have the German proficiency to be able to follow and interpret the global dynamics that shape their discipline.

 

 

X

 

 

13

Students should indicate, express and present their knowledge in in national/international interdisciplinary academic and professional settings, should offer and make comments about the results of the works to other people from not only their field, but also from any other disciplines by clearly expressing  in Turkish and German via using right data.

 

 

 

X

 

14

Students should evaluate the differences between cultures and individuals by being aware of importance of respect for individual and cultural diversity, should be able to emphatically interact with individuals from diverse cultural backgrounds in social and professional settings and should contribute to the team works as a team coordinator or a team member.

 

 

X

 

 

15

Students should use effectively widespread and valid information technologies in their field.

 

 

 

 

X

16

Students should understand personal, professional and social ethics, should evaluate the ethical implications of various practices related to  social and professional life, should be aware of the importance how these ethical behavior add value to the society.

x

 

 

 

 

17

Students should know the concept of social responsibility on individual, social and ecological dimensions should indicate active citizenship for him-/herself within that frame.

 

X

 

 

 

18

Students should grasp the importance of the scientific point of view for social development and global competitiveness as well as social rights and social justice, which are the basis of modern societies.

x

 

 

 

 

19

Students should grasp the importance of quality management, health and safety, corporate social responsibility, professional and cultural respect and principles of corporate ethics for corporate sustainability.

X

 

 

 

 

20

Students should evaluate the contribution of basic business solutions to management and financial problems within a global and social framework.

 

 

 

 

X

 
 

ECTS

Activities

Quantity

Duration
(Hour)

Total
Workload
(Hour)

Course Duration (Including the exam week: 14x Total course hours)

16

3

48

Hours for off-the-classroom study (Pre-study, practice)

16

3

48

Mid-terms

1

4

4

Homework

4

1

4

Final examination

1

4

4

Total Work Load

 

 

108

Total Work Load / 25 (h)

 

 

4,3

ECTS Credit of the Course

 

 

4