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The 3 teams comprised 13 students from 8 countries: China, Ethiopia, Iran, Cambodia, Pakistan, India, Nepal, and US. The leading MUM team consisted of four Chinese students, three of whom are pictured above.
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by Maharishi University of Management, Fairfield, Iowa, USA, The Review
June 2014
In March 2014, all three MBA teams from Maharishi University of Management (MUM) finished in the top 10th percentile of 179 MBA teams who participated in the Capsim Foundation Business Simulations, an international online resource for learning decision-making in business.
Over the past four years, 11 of 12 of MUM's MBA teams finished in the Top 10th percentile. In groups competing in 2011 and 2013, MUM had the #1 team in the world.
This year the three MBA teams finished at the 97th, 92nd, and 91st percentiles for the six-month period ending March 19, 2014. The leading MUM team consisted of four Chinese students.
The Foundation Simulation results are scored based on formulas for both short-term and long-term performance on metrics related to financial results, customer satisfaction, internal business processes, and learning & growth.
The total score earned by each team is the basis of comparisons to other MBA teams that participated in the simulation during the previous six months, the window of comparison offered by Capsim.
The competition requires well-integrated, executive-level decisions concerning product pricing, customer awareness, product innovation, automation, controlled expansion of capacity, cost control, training and development of personnel, and financing strategies.
"U.S. universities generally have the reputation of producing very good technical accountants who are not always very competent as decision-makers when they enter the workforce because traditional teaching methodologies ask students to solve problems with well-defined answers," said Andrew Bargerstock, director of the MBA program.
He said business decision-makers face a complex world of uncertainties, which is embodied by the simulation. It provides an opportunity to practice teamwork behaviors such as collaboration, negotiation, and consensus-building.
In addition, the groups need to think and act both strategically and tactically, like an executive management team in a dynamically changing environment with competitors.
Dr. Bargerstock adopted the simulation to gain third-party assessment of the value of an MUM MBA.
"Now, after four straight years of top 10th percentile finishes, we are delighted to see a consistent pattern of results that suggests our students will be competitive in the global job market," Dr. Bargerstock said.
© Copyright 2014 Maharishi University of Management
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