Dr. Andrew Bargerstock, Director of MBA Programs at Maharishi University of Management (MUM) in Fairfield, Iowa, announced that all five MBA teams from MUM finished in the Top 15% of 101 graduate-level teams who participated recently in an online business decision-making simulation. The teams finished #1, #3, #5, #9, and #15.
The CAPSIM Foundation Simulation is a continuous event available on-line where participant teams earn points for optimizing a set of both short-term and long-term performance metrics. A team’s final score is the basis for comparison to other teams. Through the Foundation Simulation, students gain the opportunity to practice integrated decision-making in a manufacturing industry across a wide range of management functions, e.g., product design, sales forecasting, inventory management, operations management, human resources, finance, and quality management.
According to Dr. Bargerstock, in whose class the MBA Accounting event took place over a four- week period, “The simulation provides an opportunity for students to practice teamwork behaviors such as collaboration, negotiation, and consensus-building. In addition, the groups think and act both strategically and tactically in a dynamically changing competitive environment. We feel it is critical for MBAs who possess keen technical skills, to also practice higher-level executive behaviors. The Capsim results speak well about the readiness of our MBAs for the professional workplace.”
Organized in groups of 4-5 students for this simulation, MUM’s MBAs have finished #1 in the world in 2011, 2013, and 2014. Over the past four years, 15 of 17 MUM teams have finished in the Top 10th percentile in the graduate level competition. Looking back to the six-month period ending July 23, 2014 with 101 eligible MBA teams, Capsim Client Relations Consultant, Anthony Illuzzi, confirms that MUM’s Baldwin Team finished at the 99th percentile (Rank #1), Chester Team finished at 97th (Rank #3), Digby Team at 95th (Rank 5th), Erie Team finished at 91st (Rank #9) and Andrews Team at 85th (Rank #15).
According to Dr. Bargerstock, MBA schools shown in Top 10th percentile reports during the Foundation Simulation included University of Maryland, Villanova University, University of Texas – Dallas, University of Indianapolis, Drexel University, SKEMA (France), Mahidol University (Thailand) and Alfred Laurier University (Canada). A full list of participants is not published by Chicago-based CAPSIM, the nation’s leading provider of business simulations.
The MBA Accounting Program at MUM is an international program for professional accountants and students who wish to become either a Certified Public Accountant and/or a Certified Management Accountant. Curriculum includes courses in advanced Excel, SQL, Access, SPSS, and XBRL. Additionally, students learn the Transcendental Meditation (TM) technique as taught by Maharishi Mahesh Yogi, a simple mental technique that has been scientifically proven to relieve stress, enhance creativity and improve health and vitality. Some students indicated their practice of the TM technique helped them maintain broad awareness while focusing sharply on details.