The impact of experiential
The impact of experiential
a b s t r a c t
This research studies whether Executive MBA student’s participation in a business strategy simulation course significantly impacts on self-perceptions of their strategic competencies and decision style, which involves crossing psychological and strategy fields, and aims to contribute to the development of theoretical management and educational insights. The obtained results on students’ self-perception of their improvement on strategic competencies suggest that the simulation has a positive value for students and contributes both to their engagement in the MBA program and to their knowledge.
However, decision-making styles do not change as a result of the simulation, with the exception of the analytical component, which is reinforced.
Thus, we concluded that although students’ knowledge and strategic competencies could be expanded with a business strategy simulation, their
decision-making style is not significantly influenced by practice. Consequently, we suggest that it is possible to antecipate one reaction to a future situation, when managers’ decision-making style is known in advance, which in turn validates the statement that “nothing is so theoretical as good practice”.
Conclusion
The engagement of students into critical management studies is considered to be a challenge for management education (Schwarz, 2013).
On the other hand, working as a team may expand one knowledge and some authors suggest that organizational learning is enhanced as more decisions are made (Bettis-Outland, 2012).
The BSG simulation requires participants to conduct thorough analysis of their competitive environment and strategic position to formulate and implement business strategies.
Consequently, each team (company) should make decisions on a multitude of variables, in order to pursuit competitive advantage.
The obtained results on students’ self-perception of their improvement on strategic competencies, suggest that the simulation has a positive value for students and contributes both to their engagement in the MBA program and to their knowledge.
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The impact of experiential