Do they know what they think they know? Do they know what they think they know? Using simulations in

  • View
    1

  • Download
    0

Embed Size (px)

Text of Do they know what they think they know? Do they know what they think they know? Using simulations in

  • Do they know what they think they know?

    Using simulations in the online MBA to reveal gaps and build integrated decision-making skills

    Photo by Suad Kamardeen on Unsplash

    https://unsplash.com/@skmuse_?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText https://unsplash.com/s/photos/gap?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText

  • John Kraft, PhD Dean and Professor Warrington College of Business, University of Florida

    john.kraft@warrington.ufl.edu

    Tawnya Means, PhD Assistant Dean and Director, Teaching & Learning Center College of Business, University of Nebraska-Lincoln

    tawnya.means@unl.edu @Tawnya_Means

  • Agenda

    Why use simulations

    Simulations used at Florida and Nebraska

    Information and teaching tips about the added materials and activities that

    enhance the simulation

    Grading and feedback provided

    to students

    Benefits students gain from the

    simulation experience

    Data collected that can be used for assessment and

    assurance of learning

  • Prepare students to engage and learn in a safe environment

    Bridging the Knowing-Doing Gap

    https://flic.kr/p/EK9mrY

  • “…where all the women are strong, all the men are good looking, and all the children are above average…”

    The Knowing-Doing Gap

  • “…where all the women are strong, all the men are good looking, and all the children are above average…”

    The Knowing-Doing Gap

  • Prepare students to engage and learn in a safe environment

    https://flic.kr/p/prtMvY

    Bridging the Knowing-Doing Gap

  • Traditional Exams Multiple guess, “Christmas tree” option, three scantrons and a cloud of

    dust…

  • Requires a process of transformation

    Make Learning Meaningful

    https://flic.kr/p/oERppQ https://flic.kr/p/94m8ws Photo by Paweł Furman on Unsplash

    https://unsplash.com/@pawelo81?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText https://unsplash.com/s/photos/prince?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText

  • Do it, think about it, what does it all mean, plan what to do more…

    Kolb’s Cycle of Learning

    Integration • Knowledge • Activity • Reflection

    Cycle • Concrete experience • Reflective observation • Abstract conceptualism • Active experimentation • Rinse and repeat

  • Experiential Learning Defined

    …any learning that supports students in applying their knowledge and conceptual understanding to real-world problems or situations where the instructor directs and facilitates learning. The classroom, laboratory, or studio can serve as a setting for experiential learning through embedded activities such as case and problem-based studies, guided inquiry, simulations, experiments, or … projects (Wurdinger & Carlson, 2010).

    https://facultyinnovate.utexas.edu/teaching/strategies/overview/experiential-learning

    https://facultyinnovate.utexas.edu/teaching/strategies/overview/experiential-learning

  • Course-related Experiential Learning Types

    Cases

    • Mini vs. full vs. live

    • Discussion vs. presentation

    In-class Exercises

    • Content-focus vs. Mindset- focus

    • Single- vs. multi-session

    Videos & Movies

    • YouTube • Hollywood • TedX • Student

    created

    Role Plays / Negotiations

    • Students w/expert(s)

    • Students w/ faculty

    • Faculty alone • Student to

    student

    Class Projects

    • Company analyses

    • Plans / Feasibility studies

    • Market / Field research

    • Develop product, model, concept, etc.

    • Interviewing • Consulting

    Simulations

    • Single- vs. multi-session

    • Live vs. online • Individual vs.

    team

    Other Games / Competitions

    • Popular game based (Monopoly)

    • TV games (Jeopardy, Who wants to be a millionaire?)

    • Investment, stock market based competition (Fantasy stocks)

    • Concept pitch (Shark Tank)

    Exams

    • Case / Context - related

    • In class vs field

    • Written / oral / video

    • Professor vs student created

    Reflection

    • Diaries / journal

    • Reflection paper / video / recordings

  • Benefits of Experiential Learning By engaging in formal, guided, authentic, real-world experiences, individuals: • deepen their knowledge through repeatedly acting and then

    reflecting on this action, • develop skills through practice and reflection, • support the construction of new understandings when placed in

    novel situations, and • extend their learning as they bring their learning back to the

    classroom. https://facultyinnovate.utexas.edu/teaching/strategies/overview/experiential-learning

    https://facultyinnovate.utexas.edu/teaching/strategies/overview/experiential-learning

  • Change the assessment to match reality

    Make Learning Real

    https://flic.kr/p/MQi3ZPhoto by Patrick Schneider on Unsplash

    https://unsplash.com/@patrick_schneider?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText https://unsplash.com/s/photos/reality?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText

  • Integrated decision-making is learning by doing

    Simulations

  • No one size fits all…

    Bridging the Gap

    Photo by Cody Hiscox on Unsplash Photo by Ijaz Rafi on Unsplash Photo by Pedro Mac on Unsplash

    https://unsplash.com/@codyhiscox?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText https://unsplash.com/s/photos/bridges?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText https://unsplash.com/@ijazrafi?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText https://unsplash.com/s/photos/bridges?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText https://unsplash.com/@pistolpedro?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText https://unsplash.com/s/photos/bridges?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText

  • Companies: Simulations

    Marketplace Numerous simulations

    International Corporation Management

    Conscious Capitalism

    Capsim Several options

    Capstone Global DNA

    Cesim Global Challenge

  • CapsimCore

  • Capstone

  • GlobalDNA

  • CompXM

  • TeamMate

  • Wide Range of Applications • Part of regular course:

    • Strategy • International Business • Entrepreneurship

    • Capstone Experience • Tournament • Length of term:

    • Semester (15 weeks) • Quarter (10 weeks) • Module (6-7 weeks) • One Week • Tournament

    • Various levels: • Undergraduate • Honors • Graduate • Executive education

    • Groups • Individual (footrace) • Teams • Competitive

  • Preparing students to engage in a safe environment

    Bridging the Knowing-Doing Gap

    https://flic.kr/p/dusdNMhttps://flic.kr/p/7srqQB

  • Optimal Number of Rounds

    Simulation Rounds International Corporate Management 8 Conscious Capitalism 6 Global DNA 6-7 Capstone 6-7 Global Challenge 6-8

  • Launching students on the path

    Support Resources and Outreach

    Announcements

    Videos

    Training tutorial

    eText

  • Outreach

    Communication and support are key

    Helping Students Succeed

    Targeted messages

    Discussions

  • Go beyond the simulation to review, extend, and integrate reflection

    Support Resources and Outreach

    Concepts and Context Cases: • Bring in the Bots • Give me a High End Product • Porter’s 5 Forces • Surviving the Downturn • We’re Moving!

  • Go beyond the simulation to review, extend, and integrate reflection

    Support Resources and Outreach

    It probably is not fair to say this wasn’t discussed in the course material (the book was rather thorough), but the need for flexibility to adjust your strategy as the market develops was a strong lesson learned. The book talks about this from the standpoint of a SWOT analysis, 5 forces, PESTLE, etc. and the simulation served as a lesson in selecting a strategy and following through on the steps to carry it out successfully. But a management team needs to be able to identify when a strategy is not working as intended and make the minor (or possibly major if it is really bad) changes to ensure the ship stays on course. A good strategy is as much dependent on the external environment as it is on internal choices and capabilities.

    The simulation was a great way to end the MBA program because it tied many things together. This took all of the core-class course content from paper to more of a real-life example of how everything fits and works together.

  • Feedback leads to learning and growth

    Scoring and Feedback

  • Simula