In Business Simulation (I2B), the students work
as the management group for a company which is
competing in a simulation gaming against other
companies. The students independently draw up a
business plan, check it and produce a written
analysis of companies competing in that particular
field. The students receive immediate feedback
concerning the operations of the company they are
managing and the reports they have drawn up. In
order to succeed during the game, the student must
be able to make operational and strategic decisions.
Their decision-making is based on various kinds of
information, such as economic indicators and annual
accounts information, and information concerning
the operating environment of the business.
Through tasks issued in the study modules,
students increase their business expertise in such
fields as problem solving and project management,
group work and other social skills, information
gathering and communication. The tasks based on
teamwork are assessed for the team as a whole,
whilst individual tasks are assessed personally. In
the grading of tasks, the feedback received by the
student is more important than the grade. Feedback
is received from other students, teachers and mentor
company representatives, and thus learning takes
place in a convincing social context. We argue, that
these tasks assessments are novelties in this kind of
educational program and help student in attaining a
deep understanding of the field.
6 RESULTS AND FEEDBACKS
The NIIL was examined more extensively in a
licentiate study carried out in 2004 entitled ‘An
action research into the development of learning
strategy at TSE’ (translation). These results show a
positive change in study culture and an increase in
interactivity, both in course planning and in learning
situations. The teachers report that they have felt the
effects of change in student work in relation to such
areas as time management, project expertise, group
work skills and information acquisition.
In 2006, the I1 module was awarded the prize for
‘the Teaching Achievement of the Year’ by the
Finnish Association of Business School Graduates.
The theme of the award was ‘the interactive skills of
the business school graduate’. The NIIL has also had
a major impact on the internal activities of the
university. Joint planning has increased the use of
interactive methods in all departments and
sharpened the core subject analysis in each case. It
has been possible to eliminate overlaps between
courses, and to increase the logical progression of
the degree of difficulty of studies.
On the basis of a follow-up study by the Finnish
Association of Business School Graduates (Suomen
Ekonomiliitto, SEFE), the following targets have
been achieved. For example, the study “Five years in
working life” (Viisi vuotta työelämässä 3/2007)
states that, for knowledge and skills considered
important in the work of a business school graduate,
‘the overall assessment of TSE is best when the
opinions of graduates from all educational units are
taken into account'. The next individual areas
received the highest assessment on a national scale:
information gathering skills, knowledge of the
foundations of business, communication in English
and Finnish, negotiation skills and the development
of analytical, systematic thought.
In a survey conducted in 2008, 67% of
undergraduate students themselves assess that the
basic courses, including the NIIL modules, have
succeeded in creating an integrated view on
business. All in all, it is considered that through
interactive teaching and functional methods, the
NIIL has had a particularly great impact on both
teaching and learning.
Mentor company relations have been long-term,
which shows that the business community is
satisfied with the work and results of the students.
The mentor company projects have been genuine
business problems, and according to the feedback
received, the companies have utilized the students'
reports. Recruitments have also been carried out on
the basis of personal contacts. Since 40 development
projects are undertaken in companies every year,
teaching also has a positive impact on regional
business activities.
7 DIALOGUE-BASED
DEVELOPMENT
The development has been, and will be, based on
continuing dialogue with the business community
and feedback given by the Finnish Association of
Business School Graduates. Student feedback
concerning all study modules is also being collected
and put to use. For example, at the end of the I1
module, the teams prepare a learning report, which
reflects targets set in the previous year of study.
These reports are sent to the Rector of TSE, who
prepares a summary of them and gives the teachers
feedback. Over the years, the number of areas
requiring improvement has decreased.
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