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MBA teams at Maharishi University of Management excel in continent-wide business competition
by Global Good News staff writer
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4 September 2012
The MBA programme at Maharishi University of Management (MUM) has garnered yet another accolade, adding to its growing reputation. All the teams Maharishi University of Management entered into a continent-wide business competition excelled.
Professor Andrew Bargerstock, director of MBA programmes at the university, elaborated. 'I'm delighted to announce that for the third year in a row the MBA teams in Accounting have placed in the top tenth percentile among MBA schools in North America that were competing in an integrated decision making business simulation.'
The competition is called the Foundation Business Simulation Experience, created by a Chicago-based company called Capsim. Capsim is the nation's leading provider of online games and simulations. These simulations are used both by companies to develop their management talent and also by educational institutions nationwide.
Professor Bargerstock commented on the importance of simulations like this one.
He mentioned that the classical situation in higher education for training accountants in the United States has one real drawback. Though known to do a very good job at training on a technical level, some educational systems do not prepare their accountants for facing real-world problems. The result is highly competent accountants who struggle with decision making.
What Professor Bargerstock appreciates about Capsim's simulation is that 'this type of experience gives [students] the opportunity to practise decision making in an environment of uncertainty.'
Students at Maharishi University of Management have excelled in this experience.
Professor Bargerstock highlighted the results from Maharishi University of Management since the university first entered the Capsim simulation three years ago.
In 2010, one of MUM's groups finished in the top 10 out of about 93 competing MBA teams in North America. In 2011, a group of four from Maharishi University of Management won first place out of the 135 MBA schools that were competing.
Now, in 2012, all four of the MBA teams from Maharishi University of Management finished in the top tenth percentile, placing third, fifth, seventh, and tenth overall.
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