Capstone Consulting Project – College of Business and Economics (CBE)  

Capstone Consulting Project

ABOUT THE CAPSTONE COURSE

The Capstone course is the culminating course for the Master students designed to check their ability to apply the knowledge and skills accumulated while in the program to develop a practice-oriented research report. Most students fulfill this requirement through one of the following options.

  • Team-based Capstone consulting projects

The Capstone Consulting Project is a unique experience granting the students with the opportunity to solve strategic and operational issues facing companies and organizations. Students are expected to integrate knowledge and skills brought forward from various courses to develop cost-effective and actionable solutions for client organizations. The project is a valuable resource for companies that lack the time, budgets, or human resources to get opportunities for growth and address strategic initiatives.

  • Individually-authored scholarly research report.

Capstone Thesis is a scholarly research paper that provides students with an opportunity to synthesize data into a meaningful whole applying theories and frameworks to an analysis of a specific business or economics related issue or problem. It is meant to demonstrate the students’ analytic and interpretive skills. It serves as a summative expression of what a graduate student has learnt in the program.

View our Capstone Course Flyer

THE BENEFIT FROM CC PROJECTS

Capstone Consulting Projects are usually executed by a small group of students, who work under the supervision of AUA professor along with the Partner company supervision.

The project is nothing but a real-life case in simulated environment, wherein the students get to apply what they have learnt in class. Companies face a variety of problems that can be solved by students at no cost.

 

How companies benefit from Capstone Projects:

  • Investigate a business problem, redesign an existing product or process
  • Outsource a study to a team of motivated young graduate students at no cost
  • Apply alternative mechanisms of testing perspective applicants through real life assignments and projects
  • Use Capstone projects to seed innovation projects within the company.
  • Pre-test ideas before engaging professional consultants.

 

How students benefit from Capstone Projects:

  • Prepare for real-life challenges
  • Sharpen research and reasoning skills
  • Apply skills and knowledge gained to provide solutions for real problems
  • Use this project as a springboard for future job or internships
  • Inculcates team spirit
Testimonials

“During our capstone project we had an opportunity to work with the Central Bank of Armenia. We managed to consult major problems of ongoing business processes of the bank, made risk based decisions/recommendations and overall gained lots of knowledge and important skills for our further career.”

 

Central Bank of Armenia Project Team

“It was a great experience for our group to work with the amazing staff and enrich our knowledge. The capstone project was really interesting, data-driven, which helped us to use theoretical skills in real life. We really enjoyed the amazing atmosphere, could share our ideas, got real results which will help the company to develop future operations. We were satisfied with the positive feedbacks and encouraging responses.”

 Timeless LLC Project Team

“We have been very impressed with the work. The Project is generally done well. Working with the team at the start of the project while developing the questionnaire was very pleasant. They patiently waited for our response and easily accepted new suggestions and advice. They showed great sense of responsibility during the work”.

Ruzanna Arshakyan

TI’ME Group HR Executive

“In 2018, the Central Bank of Armenia (CBA) was a partner company for 2 capstone consulting projects. The learning was significant on both sides: the project provided the students with an opportunity to apply theory in practice and address real-world problems. On the other hand, CBA got an excellent chance to obtain a fresh look at the challenges and opportunities of the business. The students involved in the capstone projects were eager to deliver results, keen to learn and easy in communication.”

Anna Hakobyan

Central Bank of Armenia; Expert, Strategic planning and analysis division

CONSULTING PROJECTS

Previous project concepts include:

  • Market Research
  • Effectiveness and efficiency assessment of training programs
  • Opportunity Assessment to enter new markets
  • Improvement of Strategic Planning and Management Processes
  • Pricing strategy and revenue management
  • Market expansion strategies

 

MSSM students have successfully completed projects for the following select firms:

  • Central Bank of Armenia
  • ROSGOSSTRAKH Armenia CJSC
  • Timeless LLC
  • Mat Diamonds
  • La Perla del Caribe

RESEARCH THESIS

Capstone Thesis is a scholarly research paper that provides students with an opportunity to synthesize data into a meaningful whole applying theories and frameworks to an analysis of a specific business or economics related issue or problem. It is meant to demonstrate the students’ analytic and interpretive skills. It serves as a summative expression of what a graduate student has learnt in the program.

Typically a thesis should demonstrate the student’s ability to analyze, interpret, and synthesize information; illustrate methodologies and procedures; and exhibit the ability to defend the completed project.

 

Previous Thesis research fields include:

  • Demographics and Health
  • Price elasticity of demand (for tobacco products)
  • Health Insurance
  • Internet banking services
  • Employee motivation and behavior
  • Social entrepreneurship
  • Entrepreneurial creativity

Research Thesis

Application

To start the Capstone experience the companies are expected to complete the online application form and submit it by the end of April, 2019. Once the application is approved by the Program, the project proposal will be advertised among students and self-selected, based on their interest. To receive additional information and guidance through the application process, please feel free to contact us by email or by phone:

Email: gantonyan@aua.am

Phone: +374 60 61 26 23

APPLICATION

Partner companies are invited to bring forward project proposals, which can span across various assignments (e.g. Market Research, Strategy analysis, Business Plan Development, Forecasting based on data analysis). Assignment can be either a complete small project or a spin-off of a larger project, with clearly identifiable scope of work.

To start the Capstone experience the companies are expected to complete the online application form and submit it by the end of April, 2019. Once the application is approved by the Program, the project proposal will be advertised among students and self-selected, based on their interest. To receive additional information and guidance through the application process, please feel free to contact us by email or by phone:

Email: gantonyan@aua.am

Phone: +374 60 61 26 23

  • *NDA is a default three-party non-disclosure agreement (student, university and host organization) for confidentiality concern in case requested by the Partner Company.