New Rochelle, NY (October 19, 2015) This fall semester eleven Iona student teams in BUS470 – Business Policy and Strategy have earned placement in the Top 100 global rankings in the GLO-BUS competitive business simulation.
“This is especially notable because there are 2,441 teams from 135 colleges/universities participating in the simulation game world-wide during the week of October 12 to 18,” said Jeffrey Alstete, Ed.D., professor of Management and Business Administration.
Outstanding student team of business seniors Justin Bartolomeo and Matthew McCrudden earned 43rd best Earning Per Share (EPS), 6th
best Return on Equity and 48th
best Stock Price.
Ten other Iona teams also performed exceptionally well in this active learning experience.
The GLO-BUS is a completely online global simulation by McGraw-Hill/Irwin (www.glo-bus.com/stats/top20.html)
where the focus is on competitive strategy, and teams of students run a digital camera company in head-to-head competition against companies run by other class members. Company operations parallel those of actual digital camera companies. Just as in the real world, companies compete in a global market arena, selling digital cameras in four geographic regions—Europe-Africa, North America, Asia-Pacific, and Latin America. Each week, the best-performing GLO-BUS companies measured on four performance variables (Overall Score, EPS, ROE, and Stock Price) are honored on the website. The simulation will continue through the fall semester.
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