Professional Development: Business Game

Description

In this course, the following key objectives are (partially or fully) realized: The student - is able to identify (business) economic challenges with practical relevance and relate them to insights developed in the field. - is able to apply the theoretical insights about managerial decision making to a simulated market environment. - knows the fundamental theories and movements in business economic thought and can implement these in a simulated business context. - can make a master budget based on a given initial situation and various given hypotheses. - can formulate hypotheses in a simulated business context using given business economic and economic forecasts. - has insight into various aspects of managing a business and the internal relations. - efficiently carries out a clearly defined assignment, independently or in team. - contributes actively to a common result. - takes initiative and accepts responsibilities. - applies the principles of time and self management. During the business game students are expected to take a vision on the long-term and establish connections between various corporate decisions in a simulated business environment, taking the general economic context and business context into account. The students should also take into account targets that are expected to be realized during the game. In order to achieve these targets, they have to take decisions according to their business situation. For this, they should use their budgeting knowledge. The student must be able to link the various data and predefined assumptions to the financial statements of a company. In addition, this course also has the following learning objectives: xxx