These two project formats appear similar on paper but are ultimately implemented very differently. Capstones, because of the small ratio of students to company, is a more intimate premium learning experience. It’s immersive, hands-on, and ultimately allows the students to develop personal relationships with their host company mentors.
On the other hand, Live Business Cases are designed for full academic courses or programs to take advantage of (typically 6-100 students). This high ratio of students to company is an extremely meaningful and relevant learning experience for students, but tends to be far less personal because of the few direct interactions and touch points with the company mentors.