{"id":20569,"date":"2012-12-04T15:44:16","date_gmt":"2012-12-04T15:44:16","guid":{"rendered":"https:\/\/biznews.fiu.edu\/?p=20569"},"modified":"2013-01-07T21:35:02","modified_gmt":"2013-01-07T21:35:02","slug":"mib-students-tap-into-the-power-of-research-to-solve-business-problems","status":"publish","type":"post","link":"https:\/\/biznews.fiu.edu\/2012\/12\/mib-students-tap-into-the-power-of-research-to-solve-business-problems\/","title":{"rendered":"MIB students tap into the power of research to solve business problems."},"content":{"rendered":"
In business and in life, it\u2019s human nature to jump quickly to what seems to be the easiest solution to a complex problem. College of Business graduate students participating in the Master of International Business (MIB) research project course are learning to look (and think) before they leap.<\/p>\n
As part of the process, not only do they get the opportunity to engage with a real company with real problems—but they also go through the rigorous paces required to properly design a research project, implement that design and report their findings and recommendations.<\/p>\n Tyler Helms, one of five students in a fall semester project team, appreciates the real-world experience gained as the team examined the inventory challenges being faced by a local company with international customers and a large global supply chain.<\/p>\n \u201cThroughout the semester, we met with the client\u2019s marketing group to better understand their current situation,\u201d he said. \u201cUltimately, we narrowed down the focus of our research to helping them improve forecasting and demand planning.\u201d<\/p>\n A three-step research process helps bridge ideas into action.<\/em><\/p>\n As a first step, Helms and teammates Ines Medved, Monica Rosa, Catalina Sanchez and Rodolfo Vollmer developed a clear statement of the problem and outlined what information was needed to solve it.<\/p>\n Next came a report that outlined the research design.<\/p>\n<\/a>