Tag Archives: Product development

Emphasis Related Capstone Class: The Use of Real-Life Experience to Enhance Workforce Readiness (Published)

Preparing students for the workforce is one of the most important priorities in the education sector. The needs of industry are constantly changing and educators strive to find the best way to meet these needs. Providing a culminating experience in classroom settings is one strategy that allows students to apply the knowledge that they gained throughout their undergraduate coursework. This paper explains these efforts to develop a high-impact senior capstone course for Engineering Technology related majors. This research aims to explain a proven strategy for teaching this course after its two-year pilot phase. The course was created to address concerns of industry. The creation of an industrial environment in the classroom helps prepare students for the real world of work. This research is based on a course titled “Emphasis Related Capstone” (ERC), which is offered at Bemidji State University. The ERC course centers on product design and development and is used to prepare students for future careers. Steps for designing the capstone course are shared in this paper. Multidisciplinary teams (e.g. electrical manufacturing, design, project management) were formed to achieve deliverable outcomes. Examples of manufacturing projects conducted in the capstone course are also provided and instructors’ responsibilities for teaching capstone courses summarized. In addition, a grading strategy for such capstone courses is provided.

 

Keywords: Applied Project Management, Capstone Course, Case Study, Product development, Technology Management, Workforce Readiness

ISLAMIC FINANCIAL PRODUCT DEVELOPMENT IN THE PAKISTAN: SHARIAH ANALYSIS (Published)

Islamic banking as well as financial institutions should be able to anticipate the needs of the marketplace and also rotate available Islamic financial services prior to conventional products to make sure continual progress and also competitiveness regarding Islamic banking and also financial options. Nonetheless, Islamic bank as well as financial products tended to replicate the typical versions, causing these products dropping worth as well as leading to some distress inside their meaning. Hence, a conceptual research study will be conducted for the growth & development of Islamic financial product from Shariah perspective. Even so, this specific research aims to handle the actual Shariah aspect of Islamic financial product development in addition to focus on the problems developing in the process according to secondary sources. The actual output of this research ought to bring about the actual progression associated with process of Islamic financial product development, in particular in the Shariah aspect, as it is the majority of imperative tool for that Islamic banking institutions in order to meet the increasing concern about profitability, liquidity, asset value, risk management, along with product acceptability. The study aspires to talk about the Fiqh muamalat self-discipline that may offer enough places with regard to creating Islamic products or service development, a place by which Islamic financial institutions should emphasize their means.

Keywords: Islamic banking, Islamic finance, Pakistan, Product development, Shariah analysis