This module is designed to improve your personal impact. In this sense, ‘personal impact’ can be viewed as the impression made on tutors and peers, characterised by the quality of the student’s academic work, work processes and communication skills.
Part of your impact will be the ability to speak and write in accurate and clear English, which will be assessed and developed as you progress through the module. You will work on a number of different formats, starting with academic reports and essays in the first half of the course. As the course progresses a more applied business version of these formats will be introduced, including a business report, business correspondence, sales pitch and negotiation. These will tie in with Entrepreneurial Simulation elsewhere in the programme.
Business success will often come from the ability to work with others to develop and produce innovative products or services. To add to the complexity ever increasing global connectivity and collaboration means the ability to effectively and successfully work with others will be an important skill to possess.
That is why this module has been designed with collaboration at its core where you, the student, identify and utilise your own individual strengths in order to contribute towards team success. You will learn the fundamentals of effective communication, both written and verbal, identify your strengths and weaknesses using self-perception tools such as ‘Belbin Team Profiles’ as well as develop essential skills in time management, critical thinking. The module should be seen as complementary to the Personal Impact module.
This module provides a foundation for ensuring that you have the right numeracy skills for business. Thus some basic mathematics will be re-examined (simple equations, fractions and percentages, exponents or indices and you will learn some statistics techniques (using averages, transforming data into tables and charts, measuring financial performance).
Vast amounts of data can now be stored in the Cloud and a numeric ability is needed to make sense of these data. For example, if via a search of social media, you find that people in ascertainable and significant numbers would love to buy a “retro” smart phone you will have isolated a potentially lucrative business opportunity. In order to present vast amounts of data in a form which is informative, you will need to use some statistical techniques, such as working out that 50% of consumers in the market you are looking at, would happily spend more than £750 on the “right” phone. Having made some decisions, such as how much of a product to produce and at what price to sell, you will need eventually to assess financial performance (mainly by applying ratios and percentages to financial data).
To help you transform vast amounts data into profit you will need to use some software. The module will provide for the development of spreadsheet skills from the moment you start the course. Not many people know that Excel, for example, can solve very complex equations or transform vast columns of data into a few lines of summary statistics, at the touch of a button, provided, of course, you have the expertise to exploit these characteristics. By the end of the module you will possess this expertise.
As an entrepreneur and future business manager you will potentially face many challenges during a career. These challenges could range from how best to assess a problem before trying to solve it, to thinking of different ways that the problem could be solved.
This module is designed to give you a solid background to the typical approaches, skills and competencies required for everyday problem solving within a business context.
You will be expected to become more comfortable with a range of techniques that can be used and be able to use more than one perspective to address a range of business problems.
You will find that the skills you learn in other modules on this programme will also prove useful in this module as they help you to think about how best to present ideas and solutions and how to persuade others to accept your proposals. The module should be seen as complementary to the Working with Others and Personal Impact.
Students in general are becoming more entrepreneurially aspirational in terms of their future ambitions. Regent’s students in particular have always aspired to this career path.
In both response to this ambition, but also recognising that many students struggle to contextualise their academic learning in a business context, this module is designed to let you apply and exercise your entrepreneurial skills in a pre-designed format. This will require you to display a wide variety of personal and professional skills all of which you will learn on the modules within the Foundation programme.
Essentially, you will be formed into groups and will start a business enterprise on the module. It is your responsibility to raise capital, open a bank account and market and sell a real product or service. It is on these aspects of business which you will be assessed.
This module intends to utilise the Young Enterprise programme that already exists as a UK national programme www.young-enterprise.org.uk
The module introduces you to the key issues and topics that are all relevant to the three main degree programmes and also gives an insight into how the business principles will be applicable in those courses.
The module will develop your knowledge of the fundamentals of business and how it operates in the real world through developing introductory understanding of economics, supply and demand, market and industry analysis and evaluation, globalisation and assessing opportunities and threats. Much of the knowledge learned on this module can be used and applied in the modules Entrepreneurial Simulation and Business Management and Problem Solving.
This module will help you to understand the significance of interconnectivity, to appreciate how it develops, and to recognise how solutions may be applied to many of the problems that arise. Through the application of these tools you will understand the nature of the competitive environment and the options open to modern businesses to best compete within it. You will also appreciate the importance of communication and cultural differences within and between regions and nations.