Students Gear Up for Simulation
Next week, our MBA program finishes their degree by participating in the capstone simulation project and are able to undertake Simulation in our state-of-the-art Richard DeVos Graduate School of Management facility.
During Simulation Week, students are placed in fictional companies and pitted against each other in a competitive exercise to test their knowledge. They come from all over the state and country to apply what they have learned in real-world scenarios. As part of the process, teams of students create a company from the ground up, then make all the decisions required to develop and sell a product. A sophisticated computer program translates each decision into a continually changing landscape in which all the teams must operate.
For six days, these students get many challenges, little sleep and countless opportunities to prove their mettle. Past students have consistently told us that Simulation is a defining moment in their education. And employers have said it gives Northwood students a head start over those from other schools.
The week-long event includes milestones such as board meetings, where students pitch their requests for capital and present on their progress to faculty members. Students also participate in peer evaluations and journaling time, where students reflect on their experience. It is an exercise we use to push practical application, teamwork and the cultivation of their leadership skills.
For these MBA students, Simulation represents the conclusion of their Northwood experience. It concludes their academic journey but ignites their careers. On behalf of the Northwood family, good luck to all the student’s participating in the capstone simulation.
Have a great weekend!