51-401-02A.A2013.P1.00 - Management Simulation

Description

This course is designed to introduce to the basic managerial issues facing businesses, of  both the private and the public sectors, at the beginning of the 21st century A.D.

The course bypasses the traditional management framework, such as the Planning, organizing, directing, controlling, framework developed by such people as Fayol in the early times of the 20th century. Rather, it focuses immediately on the important issues of strategy-based management. Simple, technical issues such as planning will be addressed during the simulation, around which the course is designed.

The important knowledge, skills and attitudes, which will be targeted in this course, are intended to favor:
  • Developing a broad perspective on business dynamics and facilitating the understanding of issues related to managing an organization as a whole;
  • Understanding the issues related to coordinating and integrating the various activities of an organization;
  • Experimenting, through decision-making, both the specific contributions and the interdependencies of the various functions within the firm ;
  • Practicing the actual business of managing. Through a complex business simulation, sharing and assuming in teams the making of consistent decisions, to win in the short run and be better off in the long run.

The basic concepts, which are the backbone of this course are:
  • The nature of organization,
  • The managers' roles and competences,
  • Strategy as a walking stick : An introduction,
  • Strategy analyses and formation,

The course uses a variety of pedagogical tools and methods. In particular, we shall use three important ways to address the issues mentioned:
  • A complex business simulation,
  • Theoretical articles and texts, relevant to the issues addressed.

The participants to the course have to devote a significant time to preparation. In particular, they should read carefully the Globstrat manual, which is sent to them through e-mail. The first part of the manual is intended to provide an overview. The second part provides more specific guidelines for managing each function. The class is intended to discuss the concepts, rather than expose them and to use the knowledge thus developed to understand real life issues before developing a relevant and realistic action plan.

This course starts the whole program and is also intended to integrate a priori the variety of knowledge accumulated throughout the program. It will be complemented by two other courses focused on Strategic management, which will be given later in the program to insure integration a posteriori.

The course outline, which follows, is your guide for the duration of the course