HOSP 3360: Decision Making Analysis
Effective date
September 2018
Department
Hospitality Management App Deg
School
Hospitality, Food Studies and Applied Business
Description
This course takes students through an internet-based hotel operation simulation where they learn how to plan, execute and assess the operations of a hotel property. Teams operate a hotel in a realistic, dynamic and competitive environment, making decisions in real-time and analyzing the results of those decisions in management reports, financial statements and graphs.
This course is part of the full-time Bachelor of Hospitality Management program.
Year of study
3rd Year Post-secondary
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Analyze and apply business information and data related to the hotel industry.
- Describe the elements of strategic revenue planning.
- Model investment decisions in a fast moving and seasonal hotel industry.
- Connect and combine high-level strategy with the discipline of targeted and determined operational execution.
- Provide detailed experience in the operational aspects of enterprise asset management.
- Model problem-solving scenarios in a competitive, team environment that simulates real-world business practices.
- Analyze managerial operating results expressed in profit and loss, balance sheet, cash flow, operating metrics, and operating ratios.
- Assess financial results including Return on Investment (ROI), Return on Equity (ROE), liquidity, solvency, debt-equity ratio, and debt coverage.
- Create a balanced scorecard combining operating and financial results.
Prior Learning Assessment & Recognition (PLAR)
To learn more about the PLAR pathways for this course review the Bachelor of Hospitality Management Program Content Guide.
Hours
Clinical, Lab, Rehearsal, Shop, Kitchen, Simulation, Studio: 45
Total Hours: 45
Instructional Strategies
Project-based learning, computer-based simulation, individual and group work.
Grading System
Letter Grade (A-F)
Evaluation Plan
Type
|
Percentage
|
Assessment activity
|
Lab Work
|
50
|
Individual and group work computer business simulation assignments (inside and outside class)
|
Project
|
25
|
Project and presentation
|
Final Exam
|
25
|
Case study
|
Course topics
- Managerial operating performance expressed in profit and loss, balance sheet, cash flow, operating metrics, and operating ratios.
- Financial operating performance, including Return on Investment (ROI), Return on Equity (ROE), liquidity, solvency, debt-equity ratio, and debt coverage.
- Balanced scorecard analysis combining operating and financial results.
Notes:
- Course contents and descriptions, offerings and schedules are subject to change without notice.
- Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
https://www.vcc.ca/about/governance--policies/policies/.
- To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.