22 December 2011
RMIT hosts business simulation training
RMIT hosts a training workshop on the Capstone business simulation.
Academics from several universities recently attended a two-day training workshop hosted by RMIT University’s School of Accounting.
Workshop participants undertook the Capstone business simulation which includes a range of strategic business management activities.
The simulation focuses on areas such as commercial R&D, product development, marketing and human resource management.
Dr Daryll Cahill, Deputy Head, School of Accounting, welcomed participants and provided some background to the workshop.
“The School of Accounting has been using Capstone in a compulsory final year course for some time now,” he said.
“It is an excellent way to introduce students to design thinking and its practical application in a business environment.
“Capstone helps prepare our accounting students for post-university employment.”
David Knock, from the Centre of Commerce and Management at RMIT University Vietnam, spoke about his experience with Capstone.
“It can generate high levels of student engagement, which is crucial,” he said.
“Capstone students are often keen to keep going long after the class has finished.”
The training was delivered by Dr Craig Watters, Capsim Business Simulations.
“Capstone allows users to apply their learning to real-world business challenges in a risk-free and engaging environment,” Dr Watters said.