Duration
50h Mon. WS
Number of credits
| Extra courses intended for exchange students (Erasmus, ...) | 5 crédits |
Lecturer
Language(s) of instruction
English language
Organisation and examination
Teaching in the first semester, review in January
Schedule
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 preceded by preparatory courses (MANDATORY attendance at all 4 sessions) designed to lay the foundations of general accounting and management control necessary 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.
This course contributes to the learning outcomes II.1, II.2, V.1, V.2, VI.1, VI.2, VI.3, VII.1, VII.2, VII.3, VII.4, VII.5, VII.6 of the MSc in computer science and engineering.
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)
Blended learning
Further information:
Preparing classes will take place during the weeks preceeding the business game (Tuesday, 24/09, 01/10, 08/10 et 15/10/2024 from 2 to 5 pm - building N1a - room 120.
Simulation itself is organized ion line from Monday 21 to Thursday 24 October 2024 (9 am to 6 pm) in Banneux (28 kms from Liège).
Presence of students at ALL the preparing classes AND at the 4 simulation days is COMPULSORY.
If you are absent or late for a preparation session or one of the 4 days of the business game, you will lose points. Only one absence will be tolerated (with decrease in points). Beyond this, the student will be excluded from the course and will receive a 0/20 grade.
Course materials and 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.
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)
Organisational remarks and main changes to the course
...
Contacts
CHANTEUX Anne
Assistant Professor
Director of evening master programs
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 202