Course: Essentials of Business credits: 5
- Course code
- LBVP26ESB1C
- Name
- Essentials of Business
- Study year
- 2026-2027
- ECTS credits
- 5
- Language
- English
- Coordinator
- T.J. Bonsing
- Modes of delivery
-
- Simulation
- Assessments
-
- Other assessment - Other assessment
Learning outcomes
PLO1: International Business Opportunities
Students develop foundational knowledge of how organizations operate in competitive international markets by interpreting market signals and evaluating strategic options.
Learning Line: Management
CLO1: The student can analyse market and competitor data to compare business objectives and recommend basic strategic and tactical actions.
PLO2: Business Transformation
Students examine how managerial decisions influence business performance and exPLOre opportunities for operational improvement.
Learning Line: Management
CLO1: The student can apply basic financial, process, and performance data to make operational decisions and propose improvements to simulated company performance.
PLO3: Relationship Management
Students develop collaborative skills required for effective teamwork and shared responsibility in a business context.
Learning Line: Global Mindset and Professional Development
CLO1: The student can collaborate in a simulated management team, assume a defined role, and contribute to joint decision-making under time constraints.
CLO2: The student can communicate (business) messages effectively and persuasively using advanced English to an (un)informed audience.
PLO4: Self-Management
CLO1: The student can manage responsibilities and deadlines in a simulated business context and reflect on personal contributions to identify professional development needs.
Students develop foundational knowledge of how organizations operate in competitive international markets by interpreting market signals and evaluating strategic options.
Learning Line: Management
CLO1: The student can analyse market and competitor data to compare business objectives and recommend basic strategic and tactical actions.
PLO2: Business Transformation
Students examine how managerial decisions influence business performance and exPLOre opportunities for operational improvement.
Learning Line: Management
CLO1: The student can apply basic financial, process, and performance data to make operational decisions and propose improvements to simulated company performance.
PLO3: Relationship Management
Students develop collaborative skills required for effective teamwork and shared responsibility in a business context.
Learning Line: Global Mindset and Professional Development
CLO1: The student can collaborate in a simulated management team, assume a defined role, and contribute to joint decision-making under time constraints.
CLO2: The student can communicate (business) messages effectively and persuasively using advanced English to an (un)informed audience.
PLO4: Self-Management
Students strengthen professional effectiveness by managing responsibilities, reflecting upon performance, and identifying areas for ongoing development.
Learning Line: Global Mindset and Professional DevelopmentCLO1: The student can manage responsibilities and deadlines in a simulated business context and reflect on personal contributions to identify professional development needs.
Content
Students manage a virtual company in a competitive simulation. Acting as a board of directors, they make decisions across core business functions, develop and practice entrepreneurial thinking. The simulation highlights how business strategies impact performance, people, and processes. Students reflect on cause-effect relationships, team dynamics, and sustainable value creation. The course promotes responsible decision-making and cross-functional collaboration, contributing to SDG 8: Decent Work and Economic Growth through experiential learning in sustainable business practices.
Included in programme(s)
School(s)
- Business & Law