Today’s lecturer, Guillaume Roels, took the students on a journey through operational excellence and how to achieve it. Most of them were listening attentively and were eager to find out how they could use this knowledge in their simulation of the Maywood cycles acquisition. A highlight of the session was the VR tour of a french tractor factory which gave the students detailed insight into what efficiency looks like in action.
Furthermore, a detailed digital simulation of Benihana restaurants allowed the students to compete against each other to maximise the profit of the restaurant. They were able to change a variety of aspects of how the restaurant operates like opening times, Bar seating availability and even whether or not there was a happy hour. The winning teams were quite close and Guillaume praised how they were able to balance utilisation and profit to create the best possible model.
After a break. the students were greeted on zoom by professor Ziv Carmon, a behavioural economist who introduced Nudge theory and how it could be applied to improve our lives and make the world a better place. As the day came to an end, the students gathered in their YFCD teams and began tackling the Maywood cycles acquisition. there are a lot fo exciting ideas!