See the simulation in action and hear from the students and lecturers.
Click on ‘Lecturer Tools’ in the left hand menu then select ‘Assignment Manager’
Now select ‘All Phases’ from the dropdown menu in the above screen shot and click ‘Go’
The image shows all of the available resources in MyStrategyExperience. You can choose to assign all of the associated activities, or only some. The most important ones are the ones in capitals – they include the phases themselves rather than the associated activities.
Some of the activities have more than one instance. This gives you the option of receiving work either in Word or through the MyStrategyExperience software. You may wish to give your students the option by assigning both of them, or you may only want to assign your preferred method.
In Phase 1 students will be asked to define the strategic position of WRSX – or, where are we now? They will need to create a strategic analysis of WRSX Group and its industry.
In Phase 2 they will be asked to define the strategic choices that are available to WRSX – where are we going? They will plan three-year financial objectives and assess the choices available for delivering those objectives.
In Phase 3 they will attend board meetings, select agenda items and make decisions that allow them to deliver their objectives.
After Phase 3, students will start the board meetings in their class simulation groups. They only get the chance to play through each board meeting once.
They can access the board meetings by clicking on the ‘GO TO THE BOARD MEETINGS’ phase which is located at the bottom of the list of resources. You will need to provide your students with a simulation ID to allow them to join their simulation group. You can generate these in the ‘Lecturer Resources’ section, on the ‘Set-up and Performance’ tab.
There is a lecturer support area that includes resource downloads, assessment support and set up instructions. These are available by clicking on ‘Lecturer Tools’, then ‘Lecturer Resources’ in the left-hand navigation menu.
At the beginning of each board meeting students are presented with six agenda item summaries. They must choose four items they would like to discuss during the board meeting. They can click on each one for more information.
For each of the agenda items they have chosen, students are presented with four options and they should choose the option that best suits their strategic plan.
According to each group’s company strategy, they should confirm which action they will take for each of the agenda items. Once agenda items and decision options have been submitted, they cannot go back.
Confirming Your Strategy
After they have submitted their choices, they will then see their results. The results include financial and non-financial indicators on how well the company has performed.
If you have any questions on how to use MyStrategyExperience, please use our FAQs page for help and guidance. You can find this by clicking on ‘FAQs and Help’ on the left-hand navigation menu.
If you experience any technical difficulties, you can access the 24/7 Pearson customer technical support by clicking on ‘Help & Support’ on the top right of the page, then ‘24/7 Technical Support’.