The Use of a "Board of Directors" To Evaluate and Validate Decisions in a Competitive Graduate Management Simulation Course

Abstract

In a real-world environment, a corporate Board of Directors has a legal and fiduciary responsibility to the corporation's shareholders. It evaluates the decisions made by company executives, suggesting, guiding and stimulating them to adapt to the dynamics of their company's strengths, weakness, opportunities and threats. This study reports on the apparently successful use of an external “Board of Directors' to evaluate the quality of the students' decision making strategies and processes as part of their learning process.