A team of Nova Southeastern University business students hit a global high note recently in a business simulation competition. Adam Sumioka, Ryan Clark, Caleb Fell, Michael Capuno, and Steven Suarez of “Company C” placed second worldwide out of 2,761 and 127 colleges and universities competing within the GLO-BUS business simulation. NSU Huizenga seniors participate in this simulation as a part of MGT4880, Business Strategy and Policy, the 8-week senior capstone course.
The simulation focuses on the competitive business of action-capture cameras and unmanned aerial vehicle drones. Teams of students act as co-managers of a Taiwan-based multi-million-dollar company that designs, assembles, and markets the cameras and drones. Through this simulation experience, senior at the H. Wayne Huizenga College of Business and Entrepreneurship can apply business concepts learned in MGT4880and cultivated throughout their time at the college to make collaborative data-driven decisions to promote their company’s overall performance and competitive advantage.
Each week during the competition, student teams were challenged to leverage various business reports to make high-stakes decisions related to import duties plus exchange rate fluctuation, product design plus performance, workforce compensation, assembly operations, corporate social responsibility, pricing, marketing, and other vital areas of their companies. In the simulation, one week is a simulated year.
After co-managers make their decisions at the end of each week, rankings are published highlighting the highest performing companies (in classrooms and globally) based on factors including financial performance, earnings per share, return on equity, and stock price.
During the week of April 11-17, co-managers of NSU’s “Company C” earned a Global Top 100 ranking, with their score of 109 tying for the 2nd best overall game-to-date score performance of the week worldwide. The week prior the team earned a global ranking of 41st place out of 3,183 teams and 136 colleges/universities.
“To say I’m proud of this group of sharks is an understatement,” said Will Hawks, Ed.D., instructor of management at NSU.
Original source can be found here.
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