{"id":545,"date":"2008-02-04T11:15:28","date_gmt":"2008-02-04T15:15:28","guid":{"rendered":"https:\/\/biznews.fiu.edu\/?p=545"},"modified":"2014-11-14T16:01:50","modified_gmt":"2014-11-14T21:01:50","slug":"simulation-offers-taste-of-the-real-world-and-success","status":"publish","type":"post","link":"https:\/\/biznews.fiu.edu\/2008\/02\/simulation-offers-taste-of-the-real-world-and-success\/","title":{"rendered":"Simulation offers taste of the real world\u2014and success."},"content":{"rendered":"

Students in\u00a0Strategic Management in the Multinational Corporation<\/em>, taught by\u00a0Randall Martin<\/strong> (BA \u201976), a member of the Department of Management and International Business, achieved repeated successes during the fall semester in the Business Strategy Game, used by 2,000 teams at 161 universities around the world. Players take a global athletic shoe company through five years of its business cyle, making all management decisions\u2014with lots of surprises thrown in by the instructor and the game\u2019s creators to mimic the challenges such enterprises actually face.<\/p>\n\n\n\n
\n
\"\"
\nGeorge Kozarov<\/strong><\/em><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The course is one of many that builds the college\u2019s students\u2019 expertise in international business.<\/p>\n

Martin\u2019s students have excelled during the eight or nine years he\u2019s used the game. This time, however, the traditional classroom group of 45 and the fully online contingent of 63 achieved exceptional results:<\/p>\n

    \n
  • On the November 29, 2007, report, seven teams ranked in the overall score, including one tied for the second-highest score, and five placed tops in the ROE category.<\/li>\n
  • On December 4, 2007, seven teams made it into the top 100 and the eighth-place team was only one point\u2014out of 110\u2014below the leader.<\/li>\n
  • On December 10, 2007, nine teams landed in the overall score category\u2019s top 100, along with many other new awards, including three in the highest stock price category.<\/li>\n<\/ul>\n

    \u201cWinners split about evenly between the two groups,\u201d said Martin, the first faculty member to build a course around the simulation.<\/p>\n

    Game provides both review and grounding for the future.<\/em><\/p>\n

    \u201cWe opted for a high-end strategy, focused on high prices and high quality,\u201d said\u00a0Egle Petrauskaite<\/strong>, a senior international business major, who wants to land a position in a large corporation. \u201cThe game was very exciting, gave me a real life view, and showed me how to manage rather than simply work for someone.\u201d<\/p>\n

    For her teammate,\u00a0George Kozarov<\/strong> (BBA \u201907), the course \u201cgave us opportunities to practice concepts we\u2019d learned in many other business courses and to solidify our knowledge.\u201d<\/p>\n\n\n\n
    \n
    \"\"
    \nEgle Petrauskaite<\/strong> and\u00a0George Kozarov<\/strong><\/em><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Currently a team leader at a large retail store and thinking about a finance career and graduate school, Kozarov \u201csees the course\u2019s concepts in my current job and I know I will see it in others.\u201d<\/p>\n

    Acknowledging that the game requires a great deal of hard work, Martin said that once the students learn it, the time commitment diminishes because \u201cit\u2019s like rebuilding an old car for the first time. Initially, you know little and move slowly. Then you begin to see how all the parts fit together and can move faster.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

    Students in\u00a0Strategic Management in the Multinational Corporation, taught by\u00a0Randall Martin (BA \u201976), a member of the Department of Management and International Business, achieved repeated successes during the fall semester in the Business Strategy Game, used by 2,000 teams at 161 universities around the world. Players take a global athletic shoe company through five years of […]<\/p>\n","protected":false},"author":71,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[13],"tags":[730,999,2199],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/545"}],"collection":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/users\/71"}],"replies":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/comments?post=545"}],"version-history":[{"count":1,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/545\/revisions"}],"predecessor-version":[{"id":24182,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/545\/revisions\/24182"}],"wp:attachment":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/media?parent=545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/categories?post=545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/tags?post=545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}