Summary of Capstone Subject and Skills Developed in MBA
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This assignment discusses the summary of the capstone subject and the skills developed in MBA. It covers the importance of theoretical and practical knowledge, essential capstone skills, and the impact on future career endeavors.
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Running head: CAPSTONE SUBJECT CAPSTONE SUBJECT Name of Student Name of University Author’s Note
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1CAPSTONE SUBJECT Table of Contents Introduction................................................................................................................................2 Discussion..................................................................................................................................2 Summary of essential capstone skills.....................................................................................2 Learnings from the capstone subject and consultancy research process................................5 Reflection on skills developed over the MBA.......................................................................6 Reflection on how these would assist in future career endeavours........................................7 Conclusion..................................................................................................................................8 References................................................................................................................................10
2CAPSTONE SUBJECT Introduction Capstone subject has been introduced for the purpose of drawing together numerous strands that are theoretical in nature along with the practical practices on the theory. It has been considered that theoretical as well as practical practices are inter dependent on each other, in case student has better theoretical knowledge but does not carry out practical practices, in this case, the theoretical knowledge would be completely useless because the student would not have any experience in solving any sort of real life issues and would not gain any sort of experience of working in the real life practices and implementing the theoretical, knowledge in their practices (Sillup and Porth 2019). Similarly if an individual, tends to have practical knowledge by carrying out numerous activities, but he does not have theoretical knowledge on the similar field, he would not be able to carry out the practices in an effective manner. This particular assignment discusses regarding the summary of the reflectivecapabilityaswellaslearningswhichincludesthebeing,knowingand competencies as well as the four required capstone skills. This also presents a persona reflection on various learnings from the subject of capstone. It also mentions regarding various skills that had been obtained from the MBA. Discussion Summary of essential capstone skills This assignment reflects on the four skills that are important for a Capstone Project, the skills include theoretical skills, applied skills, practical skills and reflective skills. Every skill had its own impact on the knowledge that had been gained from the capstone subject, this had further helped us in attaining knowledge regarding how we can use these skill in our carrier (Khan and Ahmed 2018). The field of knowledge are the theories as well as methods that are necessary for us successful management of numerous organization, this had helped us
3CAPSTONE SUBJECT in providing us sufficient knowledge regarding the strategies that could be used for the purposeofmanaginganysortofcomplexprojectsalongwiththemanagementof organizations (Ball and Mattarocci 2018). The doing field of competence had provided us knowledge regarding various practical applications of the expertise in various real life situation. The theories that have been used in the previous section are used for the purpose of attaining practical knowledge (Mattarocci and Ball 2018). The competence field of being had focused on numerous personal goals as well as values in the aspect of self-reflection. The knowledge obtained from knowing, doing and being had helped me in attaining knowledge regarding strategies and skills that I would require for the purpose of being a better manager. The activitiesthat we were involved in were reading, reflectingand discussing. We were supposed to read on specific topics and prepare a reflection on that particular topic (Stein 2018). The reflection prepared by us were discussed with other teammates. The four capstone skills that we had obtained from this particular subject are theoretical skills, applied skills, practical skills and reflective skills. With the help of this particular subject, we were helped in developing as well as advance out understanding of the above mentioned skills, it had also helped us in gaining knowledge regarding the ways that could be used for the purpose of implementing these skills in the process of decision making within a business (Zheng, Zhang and Li 2015). The skills that we had obtained from the are essential capstone skills are as follows 1.Theoretical skills: theoretical sills had provided us with chances to gather experience on how various contents that belong to the course and seem to be unelated but actually are of great value in the process of overlapping (Gut, McKenzie and Ball 2017). This skill had usually provided us with mostly bookish knowledge and not any sort of practical knowledge, though I feel the theoretical knowledge is very important for an individual in order to implement the knowledge in real life, if an individual
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4CAPSTONE SUBJECT does not have any theoretical knowledge regarding the strategies and ideas that would be required for the practical practices, it would be impossible to implement the knowledge in business practices (Lee, Mauro and Omomo 2017). This section of attaining knowledge had helped us in understating the interdependencies as well as complexities, this is done such that we are able to carry out better decision in our future life while carrying out business operations. 2.Applied skills: applied skills had enables us to represent the way by which the curriculum of a business contributes to the entire performance of the business as a whole (Gray, Boasson and Carson 2015). We were allowed to realise the clear difference between the theoretical knowledge and the practical knowledge. We were taught on how the theoretical knowledge could be implemented in real life scenarios. 3.Practical skills: practical skills have proved to be the culmination of the skills including theoretical, as well as applied (Vach 2018). These are taught to be applied in a diversity of numerous approaches that could be used by managers for the purpose of identifyingaswell as resolving numerousstrategicissues. These skillsare experimental in nature unlike the previously mentioned skills, these are to be used for the purpose of implementing response to numerous business situations (Annan-Diab and Molinari 2017). These skills are one of the most behavioural he compared to all the skills. 4.Reflective skills: reflective skills had been one of the most important skills in the context of this particular subject, it is because this skill would help us in developing out ability of integrating new data, in order to contemplate its actual meaning as well as relevance in the aspects of previous knowledge along with culminating into various decisions if the present beliefs along with assumptions, learning styles, behaviour of
5CAPSTONE SUBJECT the basis of what has been learned are to be modified (Dean, Gibbons and Perkiss 2019). Learnings from the capstone subject and consultancy research process The capstone subject had provided us with a good opportunity of learning from various experiences of putting numerous lessons learnt in actual real life practice. One of the most important education theories had defines the fact that there are numerous ways that could be used for the purpose of thinking, these include imagination, stream of consciousness as well as belief (Stein 2018). According to this, we had realized that learnings can occur with the help of reflection on any sort of experience, this helped us in expressing our thoughts, opinions, and ideas regarding the experiences in an effective manner. We had also learnt regarding the fact that reflection is usually referred to a particular process that deal with meaning making (Witt, Sandoe and Dunlap 2019). This process moves a particular learner to deep understanding. Of numerous experiences and hence results in linking between numerous connections. The actual role of the reflection is to figure out meaning, linking numerous experiences along with knowledge on different fields. Our education has promoted the activity as well as the process of reflection (Magnanti and Natarajan 2018). From the capstone subject we had learnt that there is a particular list of criteria which a particular activity should have in order to make it relevant from the aspects of education, these criteria includes the fact that the activity should be continuous. Various educational activities like project are not usually instantaneous in nature, they tend to evolve as days pass by (Hack- Polay 2018). The project should cover a particular significant span of time and reflection on project must note the overall progress of the learning and project. From the subject of capstone, it had been realized that the practical knowledge is important when compared to theoretical knowledge. This is because the practical work deals with various experiences or letting students to work with real life scenarios (Carter and
6CAPSTONE SUBJECT Stickney 2018). The advantages of the practical work could not be matched with any other skills. Obtaining the knowledge in the format of theory would be useless if the students are not allowed to carry out practical tasks where they could apply or implement the knowledge that had been obtained from the theoretical practices. The practical practices are more important as compared to the theoretical practices because when students are allowed to carry out a particular project by themselves, they would remember the outcomes more effectively compared to the ones we had learnt in our theoretical learnings (Green and Williams 2016). Practical learning had allowed us in encouraging self-learning, this had not only helped us in attaining knowledge regarding the practices but also helped in building a standard level of confidence among ourselves. Reflection on skills developed over the MBA From the course of MBA, the skills that would be developed by me are as follows 1.Leadership: the MBA is considered to be regarding the concept of learning forward in various resources that are brought about in the job and hence readying an individual for acting as leader. The course of MBA has helped me in the process of inspiring confidence within myself and develop self-motivation regarding the fact that I can do a work in an effective manner (Savoie, Bendickson and Edwards 2018). This can make a particular organisation for which I would work to understand my value and worth. I have learnt the way that I could use for the purpose of strengthening various fields of expertise, work with other individuals on numerous projects that are complex in nature and hence get feedback. 2.Communication: the course of MBA had also helped me in getting my ideas across in a convincing as well as clear manner. It had prepared me to take the very next step in my career with the help of teaching me a huge variety of strategies for presenting the
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7CAPSTONE SUBJECT concepts as well as data (Shah 2019). This would help me in getting an idea on tailoring my message to the audience while I provide any seminar or conference. 3.Critical thinking: a good leader would not accept data and claim at the face value. We are taught to ask the analytical questions that are relevant and helps in taking better decisions (Khan and Ahmed 2018). With the help of striving for understanding a particular complex scenario, we are enables to find out how various aspects of a particular business would be related with each other and hence gain various insights whichhastheabilitytobringaboutvariousimprovementsintheprocessof organization (Stein 2018). 4.Creativity: the course of MBA had helped me in designing various creative ideas for new ventures or a particular fresh angle on various practices. This course provides us with the knowledge as well as strategies for the purpose of brainstorming, researching and figuring out numerous concepts that are not only innovating but also exciting (Sillup and Porth 2019). We have learnt to identify numerous areas of necessity or chances and undertake the initial steps in the overall process of innovation. Reflection on how these would assist in future career endeavours There are various ways by which the skills developed from MBA would be helpful for me in my future career endeavours, these ways are as follows 1.Confidence and self-esteem: the MBA curriculum has been designed for the purpose of helping us in improving our self-esteem and confidence. This course has pushed us from our zones of comfort (Zheng, Zhang and Li 2015). This course helps us in becoming more self-assured because we undertake numerous tough assignments and hence prove out competence among our peers. This course would help us in acquiring various skills as well as knowledge for a specific business because it has been considered that individuals are able to carry out a contribution to the organizations
8CAPSTONE SUBJECT with the help of knowledge that has been obtained from the course of MBA (Dean, Gibbons and Perkiss 2019). 2.Time management and discipline: MBA programs would help me in developing a sense of importance of the concept of time management along with the necessity of discipline among an organisations (Magnanti and Natarajan 2018). The practices that are undertaken by us within the course of MBA would help us in getting easily adjusted in the tough as well as disciplined practices followed by organisations. We are provided tough preparations as well as various practices, these practices are supposed to complete it witching tight schedules along with maintaining good quality of the outcomes, none of the aspects are allowed to be compromised, these practices help us in getting prepared for carrying out numerous activities that are complex in nature with better understanding (Zheng, Zhang and Li 2015). 3.Prioritizing: the course of MBA helps us in experting the art of prioritizing. Numerous events and electives seem to be very interesting as well as important, this obliges a particular individual to choose a specific event in a random manner (Khan and Ahmed 2018). In this case the event with more priority gets delayed and hence might affect the entire project along with the organization as a whole. This course has helped us in understating the events that hold more important within a particular organization along with knowing their priority as compared to other activities or events and know each ones are supposed to be carried out at first with more dedication (Savoie, Bendickson and Edwards 2018). We are also made aware of the requirement of demonstration of professionalism such as we are supposed to take care of being able to be present as well as prepared for presentations or seminars at any time. MBA program helps us in being knowledgeable person so that we are able to analyse various situations that might take place within a particular project (Annan-Diaband
9CAPSTONE SUBJECT Molinari 2017). Various case studies as well as internship provide us with numerous skills that are required for the purpose of approaching challenged along with proper level of equanimity. Conclusion From the above discussion it could be stated that, Capstone had been first credited in the year of 1946 at the business school of Harvard. This particular subject had been advertised as a particular place where it combines numerous aspects. This is because it tends to focus on the theory integration as well as practice along with the elements of the administration.Nowadays, theMBAcapstoneisaplacewhereprofessionalstendto synthesize knowledge and hence show relevance of business along with strong emphasis on the strategy. At the end of the capstone subject, students are usually required to help in numerous factors, these factors include developing a particular strategic mind set, integrate a particular knowledge that is functional in nature across the entire organization for solving numerous issues, consider numerous perspectives in the process of making decisions. It further helps students in enhancing the comprehension as well as communication of a solutions to issues in a particular business. Knowing doing and being is one of the most important competency that exist in the subject of capstone. Presently as well as in the future, one of the most important competence is considered to be the ability of solving new as well as poorly structured issues in an environment that is complex in nature.
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10CAPSTONE SUBJECT References Annan-Diab, F. and Molinari, C., 2017. Interdisciplinarity: Practical approach to advancing education for sustainability and for the Sustainable Development Goals.The International Journal of Management Education,15(2), pp.73-83. Ball, D.R. and Mattarocci, S., 2018.Empowering Youths and Combating Gang Activity Across Long Island Through MBA Capstone Consulting. Carter, W.R. and Stickney, L.T., 2018. A Capstone for the Capstone: An Experiential ExerciseinStrategicManagement.JournalofManagementEducation, p.1052562918823023. Dean, B.A., Gibbons, B. and Perkiss, S., 2019. An Experiential Learning Activity for IntegratingtheUnitedNationsSustainableDevelopmentGoalsIntoBusiness Education.Social Business,8(4), pp.387-409. Gray, D.M., Boasson, V., Carson, M. and Chakraborty, D., 2015. Anatomy of an MBA Program Capstone Project Assessment Measure for AACSB Accreditation.International Journal of Business Administration,6(1), p.1. Green,R.F.andWilliams,S.,2016.Thestrategicconsultingexperience:Providing experiential learning opportunities within an MBA program. InDevelopments in Business Simulation and Experiential Learning: Proceedings of the Annual ABSEL conference(Vol. 43, No. 1). Gut, R., McKenzie, A. and Ball, D., 2017. Modernizing the Image of a Dynamic Hospital Through Innovative MBA Capstone Consulting.Proceedings of the Northeast Business & Economics Association.
11CAPSTONE SUBJECT Hack-Polay,D.,2018.PuttingAcrossTangibility:EffectivenessofCase-Study-Based Teaching of Organisational Behaviour. InTeaching Human Resources and Organizational Behavior at the College Level(pp. 211-225). IGI Global. Khan, M. and Ahmed, M., 2018. Capstone Project Based Experiential Learning-Case of InstituteofBusinessManagement(IoBM).Journalofe-LearningandHigher Education,2018. Lee, K., Mauro, L., Omomo, A., Switach, L. and Ball, D., 2017. Improving Operations Across a Hospital’s Surgical Instrumentation Supply Chain: Intersecting Lean Management with MBA Capstone Consulting.Proceedings of the Northeast Business & Economics Association. Magnanti, T.L. and Natarajan, K., 2018. Allocating Students to Multidisciplinary Capstone Projects Using Discrete Optimization.Interfaces,48(3), pp.204-216. Mattarocci, S. and Ball, D.R., 2018. Empowering Youths and Combating Gang Activity Across Long Island Through MBA Capstone Consulting.Proceedings of the Northeast Business & Economics Association. Savoie, M.L., Bendickson, J.S. and Edwards, C.J., 2018. Embedding MBA Students in Local Incubators and Accelerators.Entrepreneurship Education and Pedagogy,1(3), pp.243-257. Shah, D., 2019.A Mixed Method Study on the Impact of Industry Sponsored Projects on Senior Capstone Design Student’s Motivational Factors(Doctoral dissertation). Sillup, G.P. and Porth, S.J., 2019. A Capstone Course Linking Business Knowledge and Strategic Initiative. InPreparing Physicians to Lead in the 21st Century(pp. 115-126). IGI Global.
12CAPSTONE SUBJECT Stein, M., 2018.The Capstone Project: An Opportunity for the Company?. InOn the Line(pp. 321-325). Springer, Cham. Vach, R., 2018.Appropriate Staffing Ratios: Good for Financials, Great for Staff, and Best for Patients MBA Capstone Project(Doctoral dissertation, The College of St. Scholastica). Witt,C.M.,Sandoe,K.,Dunlap,J.C.andLeon,K.,2019.ExploringMBAstudent perceptions of their preparation and readiness for the profession after completing real-world industry projects.The International Journal of Management Education,17(2), pp.214-225. Zheng, G., Zhang, C. and Li, L., 2015, September. Practicing and evaluating soft skills in IT capstone projects. InProceedings of the 16th Annual Conference on Information Technology Education(pp.109-113). ACM.