CAPSTONE PROJECT

Objectives

Capstone Project Course was started at College of Business Management in Summer 2015 for students of newly branded MBA Program. The core objective of this program is to provide the students of MBA program an opportunity to work on real world issue and connecting it with the conceptual framework using the most modern management tools. This project engages the students with real world complexities and help them enhance their competencies and skill related to strategic thinking, communication, managing information and choosing among alternatives.

Capstone Projects have developed an impression which depicts the inspiring stories of IoBM students. The spirit of Capstone Projects is to showcase successful projects in the field of Business Management and its functional areas like Marketing, Human Resource Management, Finance and Supply Chain Management with and for the society. The success stories are especially selected and elaborated in order to promote excellence in IoBM Research linked to Responsible Research and Innovation.

 

Project Scope

Projects on corporate issues involving multiple functional areas e.g., marketing, finance, supply chain, operations etc., are preferred, though single functional project is also be entertained. The level of efforts required by project should be at least 900 man-hours for a 3-student project group.

Deliverables

  • Terms of Reference or Project Proposal
  • Interim Project Report and Presentation
  • Final Report and Presentation
Capstone projects From Summer 15 –Fall 18
S.No Functions Projects Companies
1. Marketing 269 156
2. Finance 47 21
3. HRM 85 48
4. Supply Chain 71 28
Total:
472 253

Methodology

Methodology
  • Based on the discussion and initial information provided by the company, student groups prepare a project proposal. Faculty concerned reviews the students’ work and supervise the same closely. If and when required, Faculty also join in the discussions with the concerned Managers/ Officers of the company. Project proposal is presented to the company for their approval.
  • A work plan is prepared by the student groups with detailed action planning. The work plan specifies activities and responsibilities. It also identifies a timetable for these activities and involvement of the company officers/managers.
  • Students work on the project in close coordination with the company. Weekly work progress is monitored by the faculty and students will are required to document each activity and reports progressively.
  • An interim report approved by the faculty and HOD is prepared by the student groups. The same is presented to the Managers/Officers of the company. The presentation is be held at IoBM. This can also take place at Company’s office at their request.
  • A final report will is prepared under the supervision of the faculty concerned and is submitted to Head of Department. After his approval, the report is presented to the company at an agreed date, time and venue
  • There have been several impactful benefits of Capstone and Experiential Learning projects which can be summarized as under:
    • Industry gets valuable research for their projects.
    • Student’s learning and experience of working with deadlines and meeting corporate expectations.
    • Real life issue and how to handle them is also learned by the students
    • Meeting the criteria for Engagement theme of AACSB accreditation.
    • Meeting the strategic goal of implementing experiential learning
    • Student engagement in a competitive and exciting environment of real life projects.
    • Capstone Projects are now enabling students to get direct job offers such as the one from EFU, NAFA, Pepsi Co. and others.
    • Faculty gaining valuable experience of industry issues and projects; especially those who have not worked extensively in the industry.
    • Faculty’s lectures have become alive with real life anecdotes and stories of real projects on which they have worked for real companies.
    • Promotion of CBM/IoBM by fulfilling real needs of the industry.
    • Faculty has also started getting individual consultancy offers.
    • Relevance of faculty research with industry issues. Several research papers have now been published using the real life case studies.
    • Establishment of Faculty/IoBM Corporate linkages on one-to-one basis