Strategy Field Study (601) or International Field Study (602)
The Strategy Field Study, also known as the ‘601’ is the culmination of the Schulich MBA program. For the International MBA (IMBA) this project is called the International Field Study. This eight-month project involves a team of six or seven top business students from diverse backgrounds conducting a comprehensive strategic assessment of all functional areas within an organization, as well as the external environment that a company faces.
Each team gains the benefit of a Faculty Advisory Panel providing cross-functional oversight and guidance that combines academic expertise and real-world experience.
The study will analyze all aspects of a company in the context of the industry, market, customer needs, competition and technological developments. This leads to conclusions about what makes the business successful, what issues may emerge in the future and what could be done to make the business more successful.
In the end the team presents its findings and recommendations to the senior management of the firm. The deliverable is a PowerPoint presentation and 40-page company assessment that summarizes its prospects, identifies strategic alternatives and makes actionable recommendations for implementation.
“The case method is no longer an adequate substitute for the complexity of the world. If you had to design and develop a program that would prepare today's MBA students for the demands of today's business environment with its emphasis on teamwork, speed and analytical ability, that program would be the field strategy study. It is the ultimate in integrative management learning.”
Here are some of the organizations that have benefited from the Strategy Field Study in the last five years:
James Mackay, Professor of Strategic Management/Policy; Director, Strategy Field Study Program; Director, York Consulting Group