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    <title>UTas ePrints - An Evaluation of the Effectiveness of the Business Simulation Course at Payap University</title>
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    <meta content="Sae Lee, Srisuda" name="eprints.creators_name" />
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Simulation Course at Payap University" name="eprints.title" />
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<meta content="Recent educational reform in Thailand has recognised the importance of a student- centred approach to learning. This change of emphasis reflects a global trend to  prepare high level graduates who can meet the present and future needs of  communities in general and of business in particular. By meeting the challenges  presented by globalisation, Thai universities can grow and thrive in a new economic  era, which is characterised by constant  change and ever-increasing educational  demands. Courses which prepare students to meet the practical demands of the  workplace are being introduced in universities worldwide. To test whether  experiential learning is practicable in a university learning environment, a Business  Simulation Course (BSC) at Payap University was evaluated. The course is intended  to facilitate business students' learning, by integrating theory with practice, which  involves students working in 'real-life' business contexts.     

 The study data were collected from  three sample groups of stakeholders.  Stakeholders sampled included: BSC students, staff members at Payap University  and non-university respondents who included villager leaders, parents of students,  suppliers and policy-makers. Eighty respondents were surveyed by questionnaire,  and 20 respondents were interviewed. The data were collected during the second  semester of the 2003 academic year. Quantitative and qualitative analyses of the data  were undertaken, in addition to a review  of relevant literature. In this study, a  'grounded theory' approach used the modified 'Constant Comparative Method' as a  means of both data collection and data analysis (Strauss &amp; Corbin, 1998b).     

 The findings of the study indicated that the course is an effective means of linking  theory with practice by experiential learning. Stakeholders expressed the view that  practical courses such as the BSC helped students to develop critical thinking and  problem-solving skills and gave them the necessary experience to work co- operatively in a 'real' business world. However, non-university stakeholders were  more in agreement with this point than students and staff. The data also indicated that  students tended to prefer classroom learning by case study to learning-by-doing in a  'bona fide' business setting. The reasons given for this were that stress levels were  higher for students in experiential learning, largely due to the extra demands on their  time and the added pressure of teamwork. In addition, increased resourcing of the  course was seen as necessary to produce more effective teaching and learning  outcomes in the BSC. The data also indicated that stakeholders believed that working  in the community context is an important focus of the university because each  institution is part of a unique local community. Also, all stakeholders recognised that  business ethics are an important aspect of business life, which should be incorporated  in the curriculum. However, students, staff and non-university stakeholders all  agreed that learning in a simulated business environment is useful for future  employment, because it allows students to experience 'real-life' business problems  and develop solutions to them.     

 Thus the study provides valuable feedback from stakeholders in the BSC. This is  useful as part of the process of improving curriculum design as it closes the loop between purpose - implementation - review of the course. This feedback enables  faculty staff at Payap University  responsible for curriculum design and  implementation to refine their activities in courses such as the BSC. Feedback is also  provided in the term of useful practical and theoretical advice to the university  sector. Finally, policy-makers senior bureaucrats and high level administrators in  government will also benefit from the insights provided by this study.  


" name="eprints.abstract" />
<meta content="2005" name="eprints.date" />
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<meta content="Recent educational reform in Thailand has recognised the importance of a student- centred approach to learning. This change of emphasis reflects a global trend to  prepare high level graduates who can meet the present and future needs of  communities in general and of business in particular. By meeting the challenges  presented by globalisation, Thai universities can grow and thrive in a new economic  era, which is characterised by constant  change and ever-increasing educational  demands. Courses which prepare students to meet the practical demands of the  workplace are being introduced in universities worldwide. To test whether  experiential learning is practicable in a university learning environment, a Business  Simulation Course (BSC) at Payap University was evaluated. The course is intended  to facilitate business students' learning, by integrating theory with practice, which  involves students working in 'real-life' business contexts.     

 The study data were collected from  three sample groups of stakeholders.  Stakeholders sampled included: BSC students, staff members at Payap University  and non-university respondents who included villager leaders, parents of students,  suppliers and policy-makers. Eighty respondents were surveyed by questionnaire,  and 20 respondents were interviewed. The data were collected during the second  semester of the 2003 academic year. Quantitative and qualitative analyses of the data  were undertaken, in addition to a review  of relevant literature. In this study, a  'grounded theory' approach used the modified 'Constant Comparative Method' as a  means of both data collection and data analysis (Strauss &amp; Corbin, 1998b).     

 The findings of the study indicated that the course is an effective means of linking  theory with practice by experiential learning. Stakeholders expressed the view that  practical courses such as the BSC helped students to develop critical thinking and  problem-solving skills and gave them the necessary experience to work co- operatively in a 'real' business world. However, non-university stakeholders were  more in agreement with this point than students and staff. The data also indicated that  students tended to prefer classroom learning by case study to learning-by-doing in a  'bona fide' business setting. The reasons given for this were that stress levels were  higher for students in experiential learning, largely due to the extra demands on their  time and the added pressure of teamwork. In addition, increased resourcing of the  course was seen as necessary to produce more effective teaching and learning  outcomes in the BSC. The data also indicated that stakeholders believed that working  in the community context is an important focus of the university because each  institution is part of a unique local community. Also, all stakeholders recognised that  business ethics are an important aspect of business life, which should be incorporated  in the curriculum. However, students, staff and non-university stakeholders all  agreed that learning in a simulated business environment is useful for future  employment, because it allows students to experience 'real-life' business problems  and develop solutions to them.     

 Thus the study provides valuable feedback from stakeholders in the BSC. This is  useful as part of the process of improving curriculum design as it closes the loop between purpose - implementation - review of the course. This feedback enables  faculty staff at Payap University  responsible for curriculum design and  implementation to refine their activities in courses such as the BSC. Feedback is also  provided in the term of useful practical and theoretical advice to the university  sector. Finally, policy-makers senior bureaucrats and high level administrators in  government will also benefit from the insights provided by this study.  


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    <h1 class="ep_tm_pagetitle">An Evaluation of the Effectiveness of the Business Simulation Course at Payap University</h1>
    <p style="margin-bottom: 1em" class="not_ep_block"><span class="person_name">Sae Lee, Srisuda</span> (2005) <xhtml:em>An Evaluation of the Effectiveness of the Business Simulation Course at Payap University.</xhtml:em> Other Degree thesis, University of Tasmania.</p><p style="margin-bottom: 1em" class="not_ep_block"></p><table style="margin-bottom: 1em" class="not_ep_block"><tr><td valign="top" style="text-align:center"><a onmouseover="EPJS_ShowPreview( event, 'doc_preview_1422' );" href="http://eprints.utas.edu.au/1136/1/01Front.pdf" onmouseout="EPJS_HidePreview( event, 'doc_preview_1422' );"><img alt="[img]" src="http://eprints.utas.edu.au/style/images/fileicons/application_pdf.png" class="ep_doc_icon" border="0" /></a><div class="ep_preview" id="doc_preview_1422"><table><tr><td><img alt="" src="http://eprints.utas.edu.au/1136/thumbnails/1/preview.png" class="ep_preview_image" border="0" /><div class="ep_preview_title">Preview</div></td></tr></table></div></td><td valign="top"><a href="http://eprints.utas.edu.au/1136/1/01Front.pdf"><span class="ep_document_citation">PDF (Front Matter)</span></a> - Requires a PDF viewer<br />177Kb</td></tr><tr><td valign="top" style="text-align:center"><a onmouseover="EPJS_ShowPreview( event, 'doc_preview_1423' );" href="http://eprints.utas.edu.au/1136/2/02Whole.pdf" onmouseout="EPJS_HidePreview( event, 'doc_preview_1423' );"><img alt="[img]" src="http://eprints.utas.edu.au/style/images/fileicons/application_pdf.png" class="ep_doc_icon" border="0" /></a><div class="ep_preview" id="doc_preview_1423"><table><tr><td><img alt="" src="http://eprints.utas.edu.au/1136/thumbnails/2/preview.png" class="ep_preview_image" border="0" /><div class="ep_preview_title">Preview</div></td></tr></table></div></td><td valign="top"><a href="http://eprints.utas.edu.au/1136/2/02Whole.pdf"><span class="ep_document_citation">PDF (Complete Thesis)</span></a> - Requires a PDF viewer<br />1994Kb</td></tr></table><div class="not_ep_block"><h2>Abstract</h2><p style="padding-bottom: 16px; text-align: left; margin: 1em auto 0em auto">Recent educational reform in Thailand has recognised the importance of a student- centred approach to learning. This change of emphasis reflects a global trend to  prepare high level graduates who can meet the present and future needs of  communities in general and of business in particular. By meeting the challenges  presented by globalisation, Thai universities can grow and thrive in a new economic  era, which is characterised by constant  change and ever-increasing educational  demands. Courses which prepare students to meet the practical demands of the  workplace are being introduced in universities worldwide. To test whether  experiential learning is practicable in a university learning environment, a Business  Simulation Course (BSC) at Payap University was evaluated. The course is intended  to facilitate business students' learning, by integrating theory with practice, which  involves students working in 'real-life' business contexts.     

 The study data were collected from  three sample groups of stakeholders.  Stakeholders sampled included: BSC students, staff members at Payap University  and non-university respondents who included villager leaders, parents of students,  suppliers and policy-makers. Eighty respondents were surveyed by questionnaire,  and 20 respondents were interviewed. The data were collected during the second  semester of the 2003 academic year. Quantitative and qualitative analyses of the data  were undertaken, in addition to a review  of relevant literature. In this study, a  'grounded theory' approach used the modified 'Constant Comparative Method' as a  means of both data collection and data analysis (Strauss &amp; Corbin, 1998b).     

 The findings of the study indicated that the course is an effective means of linking  theory with practice by experiential learning. Stakeholders expressed the view that  practical courses such as the BSC helped students to develop critical thinking and  problem-solving skills and gave them the necessary experience to work co- operatively in a 'real' business world. However, non-university stakeholders were  more in agreement with this point than students and staff. The data also indicated that  students tended to prefer classroom learning by case study to learning-by-doing in a  'bona fide' business setting. The reasons given for this were that stress levels were  higher for students in experiential learning, largely due to the extra demands on their  time and the added pressure of teamwork. In addition, increased resourcing of the  course was seen as necessary to produce more effective teaching and learning  outcomes in the BSC. The data also indicated that stakeholders believed that working  in the community context is an important focus of the university because each  institution is part of a unique local community. Also, all stakeholders recognised that  business ethics are an important aspect of business life, which should be incorporated  in the curriculum. However, students, staff and non-university stakeholders all  agreed that learning in a simulated business environment is useful for future  employment, because it allows students to experience 'real-life' business problems  and develop solutions to them.     

 Thus the study provides valuable feedback from stakeholders in the BSC. This is  useful as part of the process of improving curriculum design as it closes the loop between purpose - implementation - review of the course. This feedback enables  faculty staff at Payap University  responsible for curriculum design and  implementation to refine their activities in courses such as the BSC. Feedback is also  provided in the term of useful practical and theoretical advice to the university  sector. Finally, policy-makers senior bureaucrats and high level administrators in  government will also benefit from the insights provided by this study.  


</p></div><table style="margin-bottom: 1em" cellpadding="3" class="not_ep_block" border="0"><tr><th valign="top" class="ep_row">Item Type:</th><td valign="top" class="ep_row">Thesis (Other Degree)</td></tr><tr><th valign="top" class="ep_row">Additional Information:</th><td valign="top" class="ep_row">Thesis submitted for the degree of Doctor of Education</td></tr><tr><th valign="top" class="ep_row">Keywords:</th><td valign="top" class="ep_row">Higher Education, Androgogy, Thailand, Education Reform, Curriculum Design, Syllabi </td></tr><tr><th valign="top" class="ep_row">Subjects:</th><td valign="top" class="ep_row"><a href="http://eprints.utas.edu.au/view/subjects/330000.html">330000 Education</a></td></tr><tr><th valign="top" class="ep_row">ID Code:</th><td valign="top" class="ep_row">1136</td></tr><tr><th valign="top" class="ep_row">Deposited By:</th><td valign="top" class="ep_row"><span class="ep_name_citation"><span class="person_name">Eprints Repository Manager</span></span></td></tr><tr><th valign="top" class="ep_row">Deposited On:</th><td valign="top" class="ep_row">05 Jun 2007</td></tr><tr><th valign="top" class="ep_row">Last Modified:</th><td valign="top" class="ep_row">09 Jan 2008 02:30</td></tr><tr><th valign="top" class="ep_row">ePrint Statistics:</th><td valign="top" class="ep_row"><a target="ePrintStats" href="/es/index.php?action=show_detail_eprint;id=1136;">View statistics for this ePrint</a></td></tr></table><p align="right">Repository Staff Only: <a href="http://eprints.utas.edu.au/cgi/users/home?screen=EPrint::View&amp;eprintid=1136">item control page</a></p>
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