Teaching the dynamics of the growth of a business venture through transparent simulations
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/23054 |
Resumo: | Achieving rapid and sustainable growth is essential for business ventures to succeed. This being so, future entrepreneurs need to understand and manage the dynamics of business growth. Simulation-based learning environments (SBLEs) have been proposed as effective tools to help learners improve their understanding of complex business problems. However, previous research has found that learners tend to underestimate dynamic complexity. Transparent simulations allow entrepreneurship learners to explore the dynamic complexity of business ventures while accessing the model structure and growth behaviour. Previous studies have addressed some aspects of model transparency and produced inconclusive results regarding their impact on learning effectiveness. This study explores the learning and performance effects of using transparent simulations to teach the dynamics of the growth of a business venture. One such simulation experiment used a system dynamics model that represented the development of an energy service company (ESCO) venture under varying conditions of simulator transparency. Students who were subjected to the more transparent strategy achieved higher performance and demonstrated better comprehension of the business dynamics. However, our findings indicate that the effect to be gained from making only the simulator model more visible is more limited. The structural debriefing (focused on the critical variables and relations) was determinant in improving students’ learning regarding the stocks and flows structure in the prospects pipeline. Only after participating in the behavioural debriefing (focused on the relation between model structure, patterns of actions, and system behaviour), were the students able to appreciate the dynamics of the business feedback loops. The research suggests that educators who use complex business simulations should complement model transparency with structural and behavioural debriefings. |
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Teaching the dynamics of the growth of a business venture through transparent simulationsEntrepreneurial learningBusiness ventureTeaching/learning strategiesBusiness simulationSystem dynamicsSimulation-based learningModel transparencySimulation debriefingAchieving rapid and sustainable growth is essential for business ventures to succeed. This being so, future entrepreneurs need to understand and manage the dynamics of business growth. Simulation-based learning environments (SBLEs) have been proposed as effective tools to help learners improve their understanding of complex business problems. However, previous research has found that learners tend to underestimate dynamic complexity. Transparent simulations allow entrepreneurship learners to explore the dynamic complexity of business ventures while accessing the model structure and growth behaviour. Previous studies have addressed some aspects of model transparency and produced inconclusive results regarding their impact on learning effectiveness. This study explores the learning and performance effects of using transparent simulations to teach the dynamics of the growth of a business venture. One such simulation experiment used a system dynamics model that represented the development of an energy service company (ESCO) venture under varying conditions of simulator transparency. Students who were subjected to the more transparent strategy achieved higher performance and demonstrated better comprehension of the business dynamics. However, our findings indicate that the effect to be gained from making only the simulator model more visible is more limited. The structural debriefing (focused on the critical variables and relations) was determinant in improving students’ learning regarding the stocks and flows structure in the prospects pipeline. Only after participating in the behavioural debriefing (focused on the relation between model structure, patterns of actions, and system behaviour), were the students able to appreciate the dynamics of the business feedback loops. The research suggests that educators who use complex business simulations should complement model transparency with structural and behavioural debriefings.Elsevier2023-08-12T00:00:00Z2021-01-01T00:00:00Z20212021-08-31T15:11:21Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/23054eng1472-811710.1016/j.ijme.2021.100549Capelo, C.Pereira, R.Dias, J. F.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:28:57Zoai:repositorio.iscte-iul.pt:10071/23054Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:12:58.144009Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Teaching the dynamics of the growth of a business venture through transparent simulations |
title |
Teaching the dynamics of the growth of a business venture through transparent simulations |
spellingShingle |
Teaching the dynamics of the growth of a business venture through transparent simulations Capelo, C. Entrepreneurial learning Business venture Teaching/learning strategies Business simulation System dynamics Simulation-based learning Model transparency Simulation debriefing |
title_short |
Teaching the dynamics of the growth of a business venture through transparent simulations |
title_full |
Teaching the dynamics of the growth of a business venture through transparent simulations |
title_fullStr |
Teaching the dynamics of the growth of a business venture through transparent simulations |
title_full_unstemmed |
Teaching the dynamics of the growth of a business venture through transparent simulations |
title_sort |
Teaching the dynamics of the growth of a business venture through transparent simulations |
author |
Capelo, C. |
author_facet |
Capelo, C. Pereira, R. Dias, J. F. |
author_role |
author |
author2 |
Pereira, R. Dias, J. F. |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Capelo, C. Pereira, R. Dias, J. F. |
dc.subject.por.fl_str_mv |
Entrepreneurial learning Business venture Teaching/learning strategies Business simulation System dynamics Simulation-based learning Model transparency Simulation debriefing |
topic |
Entrepreneurial learning Business venture Teaching/learning strategies Business simulation System dynamics Simulation-based learning Model transparency Simulation debriefing |
description |
Achieving rapid and sustainable growth is essential for business ventures to succeed. This being so, future entrepreneurs need to understand and manage the dynamics of business growth. Simulation-based learning environments (SBLEs) have been proposed as effective tools to help learners improve their understanding of complex business problems. However, previous research has found that learners tend to underestimate dynamic complexity. Transparent simulations allow entrepreneurship learners to explore the dynamic complexity of business ventures while accessing the model structure and growth behaviour. Previous studies have addressed some aspects of model transparency and produced inconclusive results regarding their impact on learning effectiveness. This study explores the learning and performance effects of using transparent simulations to teach the dynamics of the growth of a business venture. One such simulation experiment used a system dynamics model that represented the development of an energy service company (ESCO) venture under varying conditions of simulator transparency. Students who were subjected to the more transparent strategy achieved higher performance and demonstrated better comprehension of the business dynamics. However, our findings indicate that the effect to be gained from making only the simulator model more visible is more limited. The structural debriefing (focused on the critical variables and relations) was determinant in improving students’ learning regarding the stocks and flows structure in the prospects pipeline. Only after participating in the behavioural debriefing (focused on the relation between model structure, patterns of actions, and system behaviour), were the students able to appreciate the dynamics of the business feedback loops. The research suggests that educators who use complex business simulations should complement model transparency with structural and behavioural debriefings. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-01-01T00:00:00Z 2021 2021-08-31T15:11:21Z 2023-08-12T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/23054 |
url |
http://hdl.handle.net/10071/23054 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1472-8117 10.1016/j.ijme.2021.100549 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Elsevier |
publisher.none.fl_str_mv |
Elsevier |
dc.source.none.fl_str_mv |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799134685893230592 |