Abraham Asfaw (from Ethiopia) was part of the MIU team that competed with master's-degree level teams worldwide.
by Maharishi International University, Fairfield, Iowa, USA, Achievements
9 October 2020
Maharishi International University’s MBA teams performed exceptionally well again in the international Capsim Capstone business simulation. One team finished in the 99th percentile, competing with 1071 master’s-degree level teams worldwide. Team members included Munkhtamir Doljinsuren (Mongolia), Ariunbulag Tur-Amgalan (Mongolia), and Abraham Asfaw (Ethiopia).
Abraham Asfaw, who worked as a university lecturer prior to coming to Maharishi International University (MIU), said of the simulation: “My Capstone experience has taught me how to make decisions around the management of a company’s resources, finance, human resources, production, automation, and marketing within the constraints of time and leading a company as a team.”
Since the beginning of the Capsim business simulations in 2010, MIU’s MBA student teams have consistently performed well in this challenging executive decision-making process modeling an eight-year period. In each competition, MIU has placed at least one team in the top 10th percentile.
“The Capstone simulation is a platform of real world business which requires us to comprehend the knowledge we have acquired. It is also a holistic way to evaluate a business with not only conventional financial performance evaluation, but other essential metrics of performance, including total quality management and human resources,” said Ariunbulag Tur-Amgalan, who worked as chief financial officer of the second largest privately owned electricity distribution company in Mongolia and chose MIU because of the financial assistance it provides to international students.
Professor Andrew Bargerstock said, “We are also pleased to acknowledge the high level of performance from two other teams: Addis Adugna, Alazar Wodajo, and Amanuel Wendemagenge at 90th percentile, and Gereltsetseg Zorigtbaatar, Gunjmaa Mijiddorj, and Teshome Fetene at 80th percentile. We feel that the Capstone simulation results demonstrate the readiness of our students for job markets now and speak well of their potential later for executive leadership positions.”
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