Four MBA teams from Maharishi University of Management finished in the Top 10 out of 97 MBA teams who participated in the international CAPSIM Foundation simulation during the six-month period ending July 1, 2012.
According to Ron Duran, Professor Relations Representative at the Chicago-based CAPSIM Company, teams from Maharishi University of Management ranked as follows:
- Chester Team finished at the 97th percentile
- Digby Team finished at 95th percentile
- Baldwin team finished at 93rd percentile
- Andrews Team finished at 90th percentile
This marks the third consecutive year in which Maharishi University of Management (MUM) MBA Accounting students have placed in the top 10 of this competition. You can read about last year’s winning team, here.
Students in Dr. Andrew Bargerstock’s, Director of MBA Programs at MUM, accounting classes have the opportunity to participate in the CAPSIM competition and test themselves against students from other school such as Villanova University, University of Texas, Drexel University, and Alfred Laurier University (Canada).
According to Dr. Bargerstock, USA higher education has the reputation of producing very good technical accountants who are not so competent as decision-makers. This problem can be traced to traditional teaching methodologies that require students to solve problems with definite answers. But, in the real world, decision-makers face a complex world of uncertainties. The simulation provides an opportunity for students to practice with the framework required for success in executive management.
Dr. Bargerstock states that “when our mostly international MBA Accounting students perform so well against some of the best business schools in North America, it validates the quality of our students’ skills in integrated decision-making. This performance indicates a high level of preparation that our MBAs will bring to the workplace.”
The CAPSIM Foundation Simulation is a continuous event available on-line where participant teams are evaluated against all teams who have participated in the previous six months. Through the Foundation simulation, students gain the opportunity to practice integrated decision-making in a manufacturing industry across a wide range of management functions including:
- product design
- sales forecasting
- inventory management
- operations management
- human resources
- quality management
The simulation results are scored on both short-term and long-term performance metrics across four perspectives:
- internal business processes
- learning & growth
Learn more about Maharishi University of Management’s MBA programs, here.
|Anna Bruen is a MUM alumna who graduated with a degree in Sustainable Living. Anna is the resident blogger here at MUM. To learn more about Anna take a look at her introduction post.|