BSS063-6 - Management Practice Assignment

Assignment Task

In this unit you will participate in a competitive business game designed to simulate a realistic management situation. You will engage in the simulation as part of a group and as team of ‘Directors’, over successive periods you will monitor the performance of your own business and the competition, adjusting your tactical decisions accordingly. As this is part of your dissertation phase you will need to be able to select and apply models, frameworks and theories from the MBA to the task of running the business.

These might include elements from:

• Strategic management
• Strategic Marketing
• Finance
• HRM
• Leadership

1. Discuss how and why specific theories or models were applied in order to make the decisions made by your group in the running of the business. You should use evidence from the simulation (results) to demonstrate the effectiveness of the decision making process; comparison of your own management performance to that recommended in the theory (this is likely to be critical evaluation of the group’s processes, organisation and effectiveness).

2. Produce a critical evaluation of the usefulness of the tools and theories that were applied in running the business. Support this evaluation with academic theory.

3. Produce recommendations focusing on how you and your group could use the tools, models and theories more effectively to obtain better results.

Questions 

1. What do I need to do to pass?

• Show adequate independence of thought in evaluating the usefulness of theory in practice applied to a live consultancy project or a simulated task of running a business, monitoring performance and adjusting decisions in the light of the success or failure in a competitive environment
• Demonstrate adequate appraisal of the complexity of management in the implementation of strategic decisions
• Research, select and use creatively appropriate business and management theory to manage and complete a project in the context of a new situation

2. How do I produce high quality work that merits a good grade?

3. How does this assignment relate to what we are doing in scheduled sessions?

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