Apply Now

MGS3650: Integrated business management simulation

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate – Unit

Refer to the specific census and withdrawal datesfor the semester(s) in which this unit is offered.

Faculty

Business and Economics

Coordinators(s)

Mrs Frances Scholtz

Offered

South Africa

  •  

Prerequisites

MGS3401 or MGW3401 and AFS1000 or AFW1000.

Prohibitions

MGX3650

Synopsis

This unit, as a final semester unit, integrates the business management knowledge, skills and attitudes students acquired throughout their bachelor study. The unit teaches students all the essential elements of running a business including strategic planning, leadership, teamwork, cause and effect relationships between functional areas (research and development, marketing, production and finance), satisfying customer demands, and competitive analysis in a simulated learning environment. More specifically, students will learn to understand the value of ‘focusing’ in the strategic implementation process, understand how decisions in one part of the business impacts other parts of the business, practice decision-making as a team across all key areas of a business, use the information from balance sheets, income statements and cash flow statements to improve business decision making, analyse competitors’ performance and market positioning and build core competencies within the business to take a differentiation or low cost position in the marketplace.

Outcomes

The learning goals associated with this unit are to:

  1. understand the elements of strategic business planning
  2. study and understand the external factors that effect business
  3. study and apply business terminology
  4. identify and analyse the internal functional areas of business
  5. study and understand the basic principles of business finance
  6. understand and conduct analysis of competitors
  7. experience the effects of business decision making through simulation
  8. develop skills to work effectively in teams.

Assessment

Within semester assessment: 60% + Examination: 40%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Mrs Frances Scholtz

We are currently offline, please enter your details below and we will get back to you as soon as possible!