UMES Strategic Management: Creating career opportunities with Capstone Business Simulation

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Challenge
 
How to take the simulation experience and use it to create either a business or an employment opportunity?
 
Solution
 
Provide an interactive tool — ShuraForAll — where teachers, mentors, and students can consult with each other as they build a repository of ideas complete with recommended courses of action. They then iterate on action steps to try to create desired outcomes. The repository becomes an enduring
collection of learning experiences to be applied on an ongoing basis.
 
Approach
 
Use the Discuss phase to allow each team lead to set the expectations of their team. Team leads invite team members and initiate discussion by recommending a course of action for their teams and providing evidence to support their recommendation. They also help team members understand their roles and responsibilities within the team.
 
Team members join the discussion and share viewpoints on what needs to be done. They also provide new recommendations and/or refine and improve existing recommendations, while providing supporting evidence.
 
In the Decide phase each participant selects a preferred course of action to be adopted and implemented for the team the person is on. Emphasize teamwork by having students use the Deliver phase to document and carry out the action steps needed to perform the work of the team as they use the business simulation software. Artifacts that document work progress and outcomes are attached to relevant action steps.
 
Each participant is expected to compile a portfolio that documents their challenges and successes during the course. The contents for the portfolio are derived from the various artifacts produced throughout the shura.
 
Benefits
 
Provides an effective way for teachers to build teamwork into the day-to-day routine of course participation.
 
Makes creating student portfolios a by product of meeting the requirements of using the business simulation software.
 
Creates a repository of artifacts that documents learning experiences that can be preserved over time.

Overview Tips

Overview Introduction

The core work in every shura

Crafting a good strategy and executing it is part of the core work in every shura.

When we use the word strategy we are referring to active problem solving.

So, for example, when a person starts a shura, she tries to provide an insightful context that helps participants understand the challenge being introduced.

This includes uploading as many relevant documents as needed to deepen everyone’s understanding.

Accurate and concise problem statement

Strategy begins here, with an accurate and concise problem statement description.

Once suitably informed, participants actively engage in dialogue to determine the best course of action to take. The focus is on trying to determine what is the most important part of the problem that needs the most attention.

Emphasis is on “most important.” The selected course of action guides all subsequent actions, ensuring that they reinforce each other. This is what adds strength to strategy.

Keep everyone informed

Then the work of the shura shifts to the Deliver phase. This is where all participants are expected to commit to entering and carrying out action steps that help accomplish objectives.

Only the important action steps should be entered. Even though some participants may think that every action step is important, they must be prioritized. The top priority steps are the most important.

As part of the strategy execution process, they must be entered before the task is performed.

This allows other participants to see what action steps are intended to be carried out. It helps inform them of the thinking that is behind the planned actions before actually using the time and resources to perform them.

Now comes the hardest part. We have to follow through on what we say we are going to do. And we need to hold everyone accountable.

All of this is what helps make a shura successful.

Executive Summary

The person who starts the shura is called the shura initiator and is responsible for explaining the shura context and providing a timeline for completing its phases of activities. This information is displayed in the Overview section. All text in this section is indexed to optimize search results to make it easy for users to find your shura. So, be sure to include all the important keywords in this text.

Following this, the shura moves to the Discuss phase where all participants share their points of view on the issue as they recommend various courses of action to take. They are expected to provide evidence in the form of linked references or uploaded files to support their viewpoints.

After the discussion time period has ended, the shura moves to the Decide phase. Here is where each person selects their preferred course of action based on their best judgment. The ShuraForAll tool will compile selections and present the results to everyone. Once the course of action is agreed on, the shura effort moves to the Deliver phase.

This is where participants try to put the selected course of action into motion by setting objectives and carrying out action steps. Each person either joins an existing team or starts a new team and then performs the work. ShuraForAll charts the progress along the way, letting everyone know how things are going.

Phase Level Shura Metrics

Each shura displays a set of metrics that inform all participants how things are going. Below each shura phase (Discuss, Decide, Deliver) icon is a score that indicates overall performance.

For the Discuss phase this metric is the ratio of the number of unique participants who have submitted at least one comment to the total number of participants in the shura.

For the Decide phase this metric is the ratio of the number of unique participants who have selected a preferred course of action to the total number of participants in the shura.

For the Deliver phase this metric is the ratio of the number of unique participants who have self-assigned at least one action step to the total number of participants in the shura.

Additional Metrics

As work is performed in the Deliver phase, the tool automatically calculates the Achieve Rate metric for each participant. This is a measure of completing the action steps that are given a higher weight or greater priority. A higher Achieve Rate indicates that the person is completing the more important action steps.

Since a participant can work on more than one team, the Achieve Rate is calculated in the context of work performed for each team, as shown below.

The Achieve Rate is also calculated as a composite score for all the participants who are working on a given team. This score is a measure of team performance.

Additionally, the Achieve Rate is calculated as a composite score for all the participants who are working on a given objective. This score is a measure of objective performance.

An example of objective level and team level performance Achieve Rate measures is displayed in the Shura Profile Report. This report is generated for each shura and is updated in real time as work is performed.

Both the Shura Profile and the My Profile Report can be produced by selecting each from the user menu.

An example of My Profile Report is shown below.

All reports represent progress made up to the point the report is produced.

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