The simulation was a proper marketing simulation. It was adaptable and sizeable for the subject level and we have a good connection with the people at Edumundo. They provide a good support level."
The Marketing Simulation module aims to develop students' abilities to apply marketing models and theories within a practical, group-based setting. In My Marketing Experience teams of students manage a jeans brand. They undertake SWOT analyses, determine the brand's value proposition, and invest in each of the 7 Ps, competing against other student teams to increase sales and gain market share.
"Students need a practical, applied focus for any business discipline. To have a marketing module focused on students practising and making decisions, both strategic and tactical within the context of marketing theory is absolutely essential. Via a simulation students can experiment and see what the results are and learn from those decisions that went well and those that did not."
“Students picked up on the simulation quite quickly and found the simulation straightforward to use. There was initial nervousness due to the fact it's self-directed learning where many have come from Lecturer-led formats. However, they learned the principles of marketing in the first semester so they were enabled to put that knowledge into practice when making decisions. They also referred to the simulation's theory section to refresh their knowledge and utilise it during the each round."
“Particularly at graduation many students reflect on their degree and often mention how much they learned from the simulation. It's not always apparent when they're doing but a year or two years later students really start to value their experience of it. Many students express how they wish they could do it again with the subject knowledge that they have now obtained."
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