Newcastle University Business School MBAs had the opportunity to put their experience into practice during Business in Action Week.
MBA students worked closely with organisations from the North East and London to gain business insight, take part in live challenges and participate in a competition focused on a real life case study. The students gained valuable knowledge from business leaders, worldwide alumni, academic mentors, and Newcastle University Business School professors.
Dr Lesley Pender, Director of MBA Programmes, said: “We want our MBAs to feel confident that when they graduate, they can put the theory they have learned in the classroom, into practice within the workplace and understand how they can contribute to organisational goals.
“The Business in Action Week is designed to build on our MBA students’ existing work experience, widen their knowledge of the business world by introducing them to roles and industries they may not be familiar with, and give them the opportunity to learn from key professionals while considering their own future prospects.”
The students spent their first two days in the North East, where the students met with Thomas Swan & Company, a global manufacturing business, and Calsonic Kansei, one of the principal suppliers to Nissan. During the visits the MBAs were taken on a tour of the businesses, took part in question and answer sessions with senior management and were put to the test in group challenges which they then had to present to their hosts.
Day three saw the students travel to Newcastle University’s London campus, where they were involved in a ‘pensions transparency’ masterclass with Dr Anna Tilba, Lecturer in Strategy and Corporate Governance, to gain up-to-date knowledge of the subject. They also benefitted from a guest lecture on finance from Professor Chris Seir, Visiting Professor of Practice, before heading into an evening of networking with business professionals.
The next day, the students visited Lloyds Banking Group to gain business insight on the global payments industry from the senior management team. This was then followed by an afternoon at The Sandpit, a company with an innovative business builder model that the students gained insight into, was set up by Newcastle University Business School alumnus to help people looking to start a new business.
Lesley, said: “The final day gave the students an opportunity to reflect on their week and discuss what they had learnt and how they could put this into practice. Some of our students have been made aware of jobs they didn’t even know existed and found out more about some of the challenges faced within different industries.
“We believe experiences such as Business in Action Week are vital for the students’ core development and we hope they can use their experiences to support their future job prospects.”
Over the course of the week, the MBAs finalised their entries for the business case competition, ‘Changing Global Environment and Strategic Priorities’ using insight gained during Business in Action Week. The competition was set by the previous David Goldman Visiting Professor, Harry Swan, Managing Director of Thomas Swan & Co. The students spent three weeks in total developing their cases before delivering presentations of their findings to the senior management team at Thomas Swan & Co.
Newcastle University Business School will also be holding an MBA Open Event for prospective MBA students on Thursday, April 27. To find out more, visit http://www.ncl.ac.uk/business-school/courses/mba/