||Four teams from MUM participated in a national business simulation competition against 92 other MBA teams from universities around the U.S.. The team of (from left to right) Thao Tran (Vietnam), Patricia Barreto-Larez (Venezuela), Ying Liu (China) earning ninth place. The simulation was part of Andrew Bargerstock’s class in Lean Accounting Transformation.
The simulation required the students to take the role of a company and make myriad decisions, from pricing and cost control to innovation and automation.
The team said that its success came from a combination of good decisions about product pricing, building customer awareness, product innovation, automation of production facilities, controlled expansion of capacity, cost control, training and development of personnel, and sound financing strategies.