Business Capstone Introduction and Overview (UC) Dr Michael Baird Unit Coordinator Business Capstone School of Marketing Curtin Business School Curtin University Email: Business.Capstone@curtin.edu.au CRICOS Provider Code 00301J Business Capstone These slides are in Blackboard > ‘Seminars’ CRICOS Provider Code 00301J Business Capstone “They call them smart phones, but only dummies use them in my class.” Dr Matsutani in Larry Crown CRICOS Provider Code 00301J Business Capstone • • • • • For general announcements about Business Capstone regularly check Blackboard > Business Capstone > ‘Announcements.’ Regularly check Curtin student email Only communicate with tutors using Curtin student email accounts (@student.curtin.edu.au) Email from other addresses (e.g @gmail.com, @yahoo.com, etc) may end up in a Junk folder and not be seen or answered Finding tutor’s name, email address and Industry ID: Blackboard > Business Capstone > Contacts > Timetable and Tutors Email sent to a tutor, administrator or the Unit Coordinator must provide Curtin University ID number and Industry ID (Help us to help you) Email directed to the Business Capstone Unit Coordinator will usually only be answered if the issue has been first discussed and cannot be resolved with the relevant tutor CRICOS Provider Code 00301J Business Capstone Introduction and Overview to Business Capstone • Unit Outline (Syllabus, Learning Outcomes, Resources, Assessments) • Video Business Interviews • Capstone® Business Simulation • Required and Extension Reading and Viewing CRICOS Provider Code 00301J Business Capstone In this Seminar • Join the C-Suite, C-Level at Capstone® • Decide what millennials want • Identify expectations of graduates by employers • Register individual Capsim® Prepaid Registration Code • Log into Capstone® using a Prepaid Registration Code • Scan the Capstone® online learning material • Begin the Simulation Preparation Task assignment CRICOS Provider Code 00301J Business Capstone Introduction and Overview to Business Capstone • ‘Flipped’ (Active Learning) Classroom Strategy • Flipped Classroom applies to Bentley, CTI Mauritius, Miri, Singapore, Sydney, Fully Online and OUA Active Learning Seminars are hours • Other Offshore locations (Hong Kong) provide hour Active Learning Seminars • Both modes cover same material but with different delivery CRICOS Provider Code 00301J Business Capstone Expectations of Students Students have 10-12 hours per week available for a 25 credit unit, including time in class, time to study, to discuss or think about learning, seek assistance or look for resources, and undertake administrative tasks and assessment When completing group-based assessments, time for student collaboration is included This means approximately: hour: Independent Study (for ‘Flipped’ classes@ Bentley, CTI Mauritius, Miri, Singapore, Sydney, Fully Online and OUA) hours: Active Learning Seminars (for ‘Flipped’ classes@ Bentley, CTI Mauritius, Miri, Singapore, Sydney, Fully Online and OUA) OR hours: Active Learning Seminars (non ‘Flipped' classes) hours: Team Meetings 2-3 hours: Assessments 3-4 hours: Essential Preparation for Active Learning Seminars, Required Reading, viewing videos etc Equates to a total 10-12 hours per Seminar CRICOS Provider Code 00301J Business Capstone Expectations of Student • Come prepared to fully participate in Active Learning Seminars: – Undertake ALL Essential Reading and video viewing – Complete each eTest (Seminars 02-11) to ensure learning opportunities are maximised – eTests are challenging and require full understanding of material CRICOS Provider Code 00301J Business Capstone Syllabus This unit consolidates and extends interdisciplinary learning within diverse and complex international business contexts Discipline specific knowledge accumulated throughout undergraduate learning is integrated into a coherent form suitable for sharing and use Global competitive strategies and industry dynamics are emphasised Business acumen is refined by self-directed team engagement with realistic business scenarios Learners actively interpret, critique and communicate information and decisions justified on established business principles Information is evaluated within competitive business environments to reach negotiated decisions by collaboration in both diverse teams and through individual initiative Generic critical analysis, problem solving, decision making and creative thinking capabilities are enhanced through a process of simulation, reflection and experiential learning A professional approach, with appropriate ethical principles, attributes and values informs the transition to employment CRICOS Provider Code 00301J Business Capstone Curtin Library Electronic Databases Electronic databases containing extensive information about companies accessed in Blackboard Unit Resources and Curtin Library Databases A-Z (http://databases.library.curtin.edu.au/): • Business Source Complete–MarketLine/Medtrack Reports • DatAnalysis • Annual Reports Online • Factiva • IBISWorld • Orbis CRICOS Provider Code 00301J Business Capstone Capstone® Business Simulation • Internationally acclaimed • Student worldwide competitions • Make high level business decisions • Opportunity to practice your professional skills • Challenging individual and team tasks • Learn under time constraints • Experience pressure of meeting deadlines Develop skills that employers value CRICOS Provider Code 00301J Business Capstone Capstone Recognition (2005-2014) – – – – – – – – – Winners international competition in 2005 3rd place international competition in 2014 3rd place international competition (450+ teams) in 2006 6th place international competition (974 teams) in 2008 also placing 11 teams in the top 50 Top ranked University in the world in International Competition in 2008!!! 2nd place international competition (950 teams) early 2009 6th place international competition (750 teams) late 2009 3rd place international competition (750 teams) late 2010 University award for Excellence & Innovation in Teaching 2006 CRICOS Provider Code 00301J Business Capstone Capsim® Registration Codes • Capsim® Registration Codes are required to participate in the Capstone® Business Simulation • Prepaid Registration Codes are in Blackboard 'My Grades' for the majority of locations • Students are responsible for Capsim® Registration Codes which cannot be shared or reused across semesters CRICOS Provider Code 00301J Business Capstone Registering for Capstone® • Ensure correct capitalisation is used for First and Last Name (Do not use ALL CAPITALS for last name) • Students not on the official class list must first enroll officially online • Proof of enrolment in Business Capstone is required and must be sighted (printed or electronic) by tutors before students join a class CRICOS Provider Code 00301J Business Capstone Required Reading before Seminar 02 Read and re-read the Capstone® Team Member Guide, 1-25 Note: Online Team Member Guide 7.1 TQM/Sustainability 7.2 Human Resources 7.3 Labor Negotiations 7.4 Advanced Marketing Capstone® > ‘Welcome Page’ > Getting Started > The Guide > Team Member Guide > Additional Modules: CRICOS Provider Code 00301J Business Capstone Capstone® Team Member Guide Capsim® Management Simulation Inc is Required Reading and can be downloaded free from: Blackboard For access In Blackboard select ‘Unit Resources.’ 2) Click on ‘Capstone® Business Simulation.’ 3) Click and download the file ‘Capstone® Team Member Guide’ in either English, Spanish, Chinese (Traditional or Simplified), Slovak Capstone® For access via Capsim® website, after registration: 1) Login to www.capsim.com 2) Click on ‘Capstone’ 3) Click on ‘Help.’ 4) Select ‘PDF Guide’ 5) Click and download the file ‘Capstone ® Team Member Guide’ in either English, Spanish, Chinese (Traditional or Simplified), Slovak CRICOS Provider Code 00301J Business Capstone Good News for Students • Students have consistently reported enjoying and learning a great deal from operating this business simulation • Everything students (and tutors) need is easily be accessed in Blackboard or Capstone® • Effectively managed teams well • NO ‘Final Exam’ CRICOS Provider Code 00301J Business Capstone Recent Changes • Changes are made to the unit in most semesters, often in response to student feedback from eVALUate We are grateful to those students who took the time to provide comments on the most helpful aspects of the unit and on how it might be improved • A new series of Video Business Interviews were recorded throughout 2015 for use specifically in Business Capstone The Video Business Interviews include a case study video as well as a background questions video, and were recorded in Perth, Singapore and Sarawak Malaysia, from a variety of organisations These have been integrated into the course content for Business Capstone CRICOS Provider Code 00301J Business Capstone Recent Changes • A re-format of the company presentation has occurred Students now act as a Corporate Advisory Division of an independent consulting organisation and will present on a company that is not their own The purpose of this is to ensure students have a thorough understanding of the Capstone® Business Simulation It further acts to prepare students for challenges working in consultancies, as research shows a greater number of graduates start their careers here rather than at the C-Suite level • A Board Shake-up has been introduced In order to mirror the reality of the workplace, at the completion of competition round (the mid-point of the competition), a member of each team will be chosen at random to switch companies Teams will be required to integrated their new member into the team, and protect their strategy from their exiting member CRICOS Provider Code 00301J Business Capstone Recent Changes • The eTest assessments have been revised The eTests are required to ensure students the pre-reading to enhance learning opportunities and provide more feedback on progression in this unit All eTests must now be completed at the commencement of each Active Learning Seminar Failure to attend without a medical certificate will result in a zero grade for that seminars eTest A revised pool of high quality questions has been developed Time provided to answer the questions has been reviewed and adjusted to 10 minutes • Many students considered the workload for this unit challenging, especially in the initial 3-4 Active Learning Seminars Student workload expectations are consistent with Curtin policies The student workload will not be increased and, where appropriate, will be reduced CRICOS Provider Code 00301J Business Capstone Required Reading before Seminar 02 Read and re-read the Capstone® Team Member Guide, 125 Borgatti, S 2004 Manual for Working in Teams: 1- Hackman, R (2011) Six Common Misperceptions about Teamwork, Harvard Business Review (HBR Blog Network): 1-1 Druskat, V.U., and S.B Wolff 2001 Building the Emotional Intelligence of Groups Harvard Business Review 79(3): 80-90 CRICOS Provider Code 00301J Business Capstone Required before Seminar 02 • Watch video Personal and Team Dynamics Overview (UC) • Watch Video Business Interview – Shane Tonkin; Hockey Australia • Watch video Working Positively in Teams and Peer Evaluation • Video Capstone® QR Code Situation Analysis • Continue Simulation Preparation Tasks for Capstone® Business Simulation • Prepare for Seminar 02 eTest - 10 Multiple Choice Questionnaire CRICOS Provider Code 00301J Business Capstone References and Acknowledgement Capstone®, Capstone® Simulation, Capstone® Business Simulation, Foundation®, Foundation® Simulation, Foundation® Business Simulation, Capsim®, Comp-XM®, Management Simulations, Inc.® and MSI® are among the many trademarks of Capsim Management Simulations, Inc.® The term "capstone simulation" never should be used to describe a simulation in what sometimes is known as a "capstone course." A simulation used in a capstone course is not a capstone simulation unless it is our Capstone® Simulation CRICOS Provider Code 00301J Business Capstone Thank you for your attention! CRICOS Provider Code 00301J