The practical manner in which the managers in an MBA training project are engaged provides them with valuable hands-on experience in their specific fields. Training projects enable managers to initiate and apply acquired skills within the project parameters, from planning and strategizing, to legal considerations, process execution and overview. Projects give student managers the opportunity to flesh out and strengthen acquired skills, while they gain valuable perspectives that help them to further understand their specific area of management.
MBA training projects aid in the development of student managers by enabling them to grow their skill sets and gain more experience necessary to be more competitive or have an edge in the marketplace. It offers them a practical approach to different types of business models, and gives them the opportunity to implement theories within a project's simulated parameters. Training projects help in the development of student managers as they boost their confidence to effectively tackle objectives and solve problems, by immersing them in real life projects of simulated origins.
MBA training projects are also used to evaluate the progress of student managers. Training projects offer an opportunity to assess the level of development of the skill sets being practiced. By using quantifiable methods of evaluation, training projects gauge the ability of the student manager to understand the specific business model and apply the necessary skill sets to effectively plan, develop and control these projects.
Student managers learn a lot about management in the MBA program, including research methodology, business models, evaluation & analysis tools and an understanding of particular functional areas like human resources among others. MBA training projects provide a means for practical application of theoretical and classroom training, by tasking student managers with real world projects in a simulated environment, giving them the opportunity to apply, strengthen and expand their skill sets.