Embed Size (px)
DESCRIPTION
Presentation at the HEA-funded workshop 'Exploring innovative approaches to experiential teaching and learning in management decision making education' This one day workshop provided a platform to critically examine various innovative approaches to experiential teaching/learning in Management Decision Making in order to provoke and stimulate educators. The workshop consisted of invited speeches, participants’ presentations, group debate and discussion, and panel Q&A. There were also opportunities for professional networking and socialising. This presentation is part of a related blog post that provides an overview of the event: For further details of the HEA's work on active and experiential learning in the Social Sciences, please see: http://bit.ly/17NwgKX
Citation preview
Dr Marion Schulze – Senior Lecturer Systems & OperationsUniversity of Central Lancashire, Preston, UKIs Kolb’s Experiential Learning Model useful for Teaching Business Decision Models?
Examples of applications in Operations Management
Challenges of Teaching Business Decision Models
❖ Explain the decision problem
❖ Explain assumptions and mathematical algorithms of thedecision model
❖ Apply the decision model - use Information Systems
❖ Interpret the solution for the decision problem
My Background: Traditional Teaching Strategy
Demonstration of its application
Explanation of Decision
Problem & Model
Encourage student to apply the model
Give feedback (= show correct solution, discuss interpretation of
solution)
Kolb’s Experiential Learning Model
Concrete Experienc
e
Reflective Observatio
n
Abstract Conceptualisatio
n
Active Experimentatio
n
Kolb, D. A. (1984). Experiential learning: Experience as the source of learning and development. Englewood Cliffs, NJ: Prentice-Hall.
Kolb, D. A. (1981). Learning styles and disciplinary differences. In A. Chickering and Associates, The Modern American College (pp. 37-75). San Francisco: Jossey- Bass.
Traditional Learning Model
Concrete Experience
N/A - Listen to explanation of the decision problem
Reflective Observation
N/A
Abstract ConceptualisationListen to abstract explanation of the decision model, its
application and interpretation of results,
read about it
Active Experimentation
Use the model and solve decision problems (case studies, practical
tasks)Reflective
ObservationReflect on
feedback for solutions, discuss
solutions
Experiential Learning Model
Concrete Experience
Solve a given decision problem and present
your solution
Reflective ObservationDiscuss the solution and realise what
needs to happen to improve your
decision
Abstract ConceptualisationListen to practical explanation of the decision model, its
application and interpretation of results,
read about it
Active Experimentation
Use the model and solve decision problems (case studies, practical
tasks)Reflective
ObservationReflect on
feedback for solutions, discuss
solutions
Give students a decision problem
2014 2015 2016 2017 2018
-£300,000 £0 £100,000 £120,000 £120,000
Would you make this investment?
http://www.youtube.com/watch?v=7FsGpi_W9XI
Reflective Observatio
n
Concrete Experienc
e
Explanation of the Net Present Value Model
2014 2015 2016 2017 2018
-£300,000 £0 £100,000 £120,000 £120,000
£254,764.02 10%
-£45,236
Abstract Conceptualisatio
n
Active Experimentation
Computer exercises
Online multiple choice questions with solutions
Support material: MS Excel guide, NPV literature, NPV youtube videos, http://www.youtube.com/watch?v=7FsGpi_W9XI
Assignment
Evaluation
PROs
❖ Students are more motivated
❖ Social interaction helps learning
❖ Good mid-module review, satisfied students
❖ Pleasant teaching
CONs
❖ Time-consuming, less teaching content
❖ Some students want to know more theory / theory first
❖ Does not work for every decision model
THANK YOU FOR YOUR ATTENTION
