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8. Finance resources Glenn Duckworth The finance resources have been deployed on two iterations of the Managing Decisions module. For the first iteration an early version of the interactive exercises was used. The students found the exercises to be generally useful, but did highlight some issues. Many of them found the exercises to be very difficult and demanding. They suggested some alterations to the exercises. “Great resource - thanks. A little tweaking to improve but key ingredients in place.” “Good and useful.” “Thanks - a great resource.” “ Time consuming. Some useful prompts would be good.” “Got stuck and couldn't move on to next stage. Would be helpful to get answers/hints/tips after certain number of attempts.” “Needed additional hints/help as unable to finish and didn't know where I was going wrong.” “Get answers, or hints after a certain number of attempts in order to move on to next step.” Having discussed the exercises with the students, the module leader also believed that the exercises were too difficult as first exposure to the subject matter: “The original group is where we only did the exercises without any introduction and I think those students really struggled with that. The feedback was that it took a long time for them to do and they got to a point where they got stuck and couldn’t go forward.” Based on feedback, the exercises were amended for the next iteration of the module. Extra prompts were added and hints were incorporated. These appeared when the student provided an incorrect answer on multiple occasions. Extra resources were provided in the form of online lectures and extra background information which covered the main points. The second version of the resources received very positive feedback. They were seen as being very useful, interesting and engaging, and provided a useful introduction to the module. Recurring themes from open ended questions were that students liked the fact that the lectures and exercises were provided online and would like more resources like this. All respondents indicated that they felt better prepared for the classroom based sessions and that they found the resources useful. The quotes below relate to aspects that they particularly liked about the resources: “Work through of statements was a particularly useful and applicable exercise.” “Relevance to programme.” “That they were online and I could access any time.” “Well structured, good framework.” “Opportunity to retry.” “The ability to stop & start.” “Provided much needed ‘face’ contact.” “Very useful. Excellent context setter and good insight into what to expect.” “Make more of them!” “Generally a very good use of Blackboard.” The module leader also believed that the second iteration of the finance resources/exercises worked well and that their incorporation into the pre-workshop component was very useful: 200

Glenn Duckworth “… I think the second set of exercises that we did where we actually introduced basic terms - I think that was a lot better for the students. I think the way that the exercises introduced the module to the students … was to say this is a module which can be very nerve wracking…. They may not be very au fait with numbers and things like that. And rather than reading a text book and not really understanding things, I think the introduction of the basic concepts was very good for them and that really helped them … (they) got the general basic understanding, were able to do the exercises and this really started the group off from a very different position. And perhaps that eased them into reading the textbook.” 9. Other aspects of the pre-workshop components As well as the glossary exercise and the finance resources, a range of resources and activities were incorporated. The introductory videos were generally seen as being useful, as long as they provided useful information and that information was provided in written form as well. “Very useful.” “Some info was only on video. Would have been useful if given written version also to prevent having to re-run video to pick up elements later.” “Could use brief repetition of required tasks at close of video.” “It made it more personable.” “Could replay to understand.” “Good. Not too long. Just about right in terms of time.” Online communication was encouraged through various means. The use of the social networking/profiles site in advance of the first module was generally seen as useful for group cohesion. Some students did indicate that it was somewhat time consuming to set up but most indicated that they found it to be a useful exercise and that they enjoyed learning about their fellow MBA peers from the profiles. “Great idea.” “Helped each other to remember names” “Took a good couple of hours to set up.” “Useful to find out about other students - although noticed that not all posted info.” The use of other communication tools such as discussion boards was somewhat varied. For example, on the Managing Decisions finance module, the first group of students made use of discussion boards to discuss issues they were having with completion of the exercises. The second group, however, did not post any messages at all. When asked about the lack of activity on the discussion board, some students stated that they did not feel the need to use it (“No need - no questions to ask”) or commented on the lack of posts from others in the cohort (“No reason to - nobody else was using it”). Blogs and wikis were used with some success. Most of the students engaged in these activities and they did produce some online discussion. 10. Conclusions The process of priming via online pre-workshop activities was seen as being valuable by both students and lecturers. There was some concern that students would not engage with the online activities due to time and work pressures. But this has not been the case, and the majority of students did indeed make use of the resources and activities before the classroom teaching began. Many of the exercises helped students to structure their reading and forced them to do the appropriate reading rather than merely skim read the suggested texts. They also provided a method for students to evaluate their understanding of the key concepts before even entering the classroom. It seems that the activities did help students and staff to ‘hit the ground running’ and they could begin engaging in high level discussion of concepts from day one of the classroom based sessions. This 201

8. Finance resources<br />

Glenn Duckworth<br />

The finance resources have been deployed on two iterations of the Managing Decisions module. For<br />

the first iteration an early version of the interactive exercises was used.<br />

The students found the exercises to be generally useful, but did highlight some issues. Many of them<br />

found the exercises to be very difficult and demanding. They suggested some alterations to the<br />

exercises.<br />

“Great resource - thanks. A little tweaking to improve but key ingredients in place.”<br />

“Good and useful.”<br />

“Thanks - a great resource.”<br />

“ Time consuming. Some useful prompts would be good.”<br />

“Got stuck and couldn't move on to next stage. Would be helpful to get answers/hints/tips<br />

after certain number of attempts.”<br />

“Needed additional hints/help as unable to finish and didn't know where I was going<br />

wrong.”<br />

“Get answers, or hints after a certain number of attempts in order to move on to next<br />

step.”<br />

Having discussed the exercises with the students, the module leader also believed that the exercises<br />

were too difficult as first exposure to the subject matter:<br />

“The original group is where we only did the exercises without any introduction and I<br />

think those students really struggled with that. The feedback was that it took a long time<br />

for them to do and they got to a point where they got stuck and couldn’t go forward.”<br />

Based on feedback, the exercises were amended for the next iteration of the module. Extra prompts<br />

were added and hints were incorporated. These appeared when the student provided an incorrect<br />

answer on multiple occasions. Extra resources were provided in the form of online lectures and extra<br />

background information which covered the main points.<br />

The second version of the resources received very positive feedback. They were seen as being very<br />

useful, interesting and engaging, and provided a useful introduction to the module.<br />

Recurring themes from open ended questions were that students liked the fact that the lectures and<br />

exercises were provided online and would like more resources like this.<br />

All respondents indicated that they felt better prepared for the classroom based sessions and that<br />

they found the resources useful.<br />

The quotes below relate to aspects that they particularly liked about the resources:<br />

“Work through of statements was a particularly useful and applicable exercise.”<br />

“Relevance to programme.”<br />

“That they were online and I could access any time.”<br />

“Well structured, good framework.”<br />

“Opportunity to retry.”<br />

“The ability to stop & start.”<br />

“Provided much needed ‘face’ contact.”<br />

“Very useful. Excellent context setter and good insight into what to expect.”<br />

“Make more of them!”<br />

“Generally a very good use of Blackboard.”<br />

The module leader also believed that the second iteration of the finance resources/exercises worked<br />

well and that their incorporation into the pre-workshop component was very useful:<br />

200

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