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MBA team from Maharishi University of Management takes first place
by Global Good News staff writer
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23 August 2011
Earlier this year, an accounting team from the MBA programme at Maharishi University of Management (MUM) won first place in the Capsim Foundation Simulation, a prestigious competition designed to compare integrated decision-making skills.
The competition is developed by Capsim Management Simulations, a global leader in providing real-life business simulations for educational purposes. More than 550,000 participants at 500 schools and corporations have used Capsim's business simulations.
In the Capsim Foundation Simulation, the premise is that a monopoly has been broken up into six equally powerful market shares and assets. Over the course of eight rounds of decisions, representing eight years, each team must act as an executive management group, working to optimize a broad range of areas.
Those areas include product design and development, sales forecast, marketing, production, finance, human resource management, and total quality management.
The team from Maharishi University of Management competed against 137 other teams from top universities around the United States. Because of the nature of the simulation, the universities participating in this round of competition are not revealed, but past participants have included Harvard, UC Berkeley, Cornell, Northwestern, Vanderbilt, North Carolina, and more.
Their teacher, Dr Andrew Bargerstock, commented on the validation that such a success provides. 'The students coming into this programme wonder if they can effectively compete in the workplace and such a simulation is an acknowledgement that they can be effective. In fact, they can be superior in their decision-making skills.'
The winning MBA team had the odds stacked against them. Dr Bargerstock remarked, '[We think] the practice of meditation* helped get them toward this exceptional result, because we had a distinct disadvantage in the competition.'
Firstly, all the team members speak English as their second or even third language. Secondly, while all other teams had a full semester (about 16 weeks), the team from Maharishi University of Management had only 3.5 weeks to complete the various tasks.
Despite these disadvantages, the MUM team came out ahead.
Global Good News will continue to report on the MUM accounting team's win at the competition.
* Among other special features of the unique approach to MBA education at MUM, students learn the most widely practised, extensively researched, and most effective method of self-development in the world. All students practice the simple, natural technique of Transcendental Meditation each day to improve learning ability, optimize brain functioning, and reduce stress.
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