King’s Places 4th In Worldwide Business Competition
For The Second Year In A Row
NEW YORK, April 28, 2010—Students at King’s are world champions for the second year in a row. This year, the Business Strategy class, led by Kelly Gebert, Sarah-Gordon Goddard, and Andrew Schatz came in fourth in an international business competition out of 226 teams worldwide.
The competition is called the Foundation Challenge, a business simulation by Capsim Management Simulations, Inc., a Chicago-based company. Dawn Fotopulos, Assistant Professor of Business at The King’s College, uses the Foundation simulation every year in her Business Strategy course. Students run a $40 million company against five other computer generated companies and compete for the highest balanced scorecard—a measure how well-balanced and profitable each company is round over round.
This year’s Teacher’s Assistant, Zachary Cochran, took fourth place in the Foundation Challenge last spring. Consequently, Fotopulos has incorporated the Challenge into the course.
“I am so impressed with this year’s class,” said Cochran. “I have enjoyed coaching them and hoped that they would reach the finals—which they did with ease.”
The finals are played tournament-style. The six best teams from the six highest scoring universities engage in intense competition against each other in real time. The team from King’s competed against teams from Drexel University, Brigham Young University – Idaho, Baylor University, University of Arkansas at Little Rock, and Clayton State University.
In the course of eight lightning rounds of decisions, each one representing a year in the business, the team quadrupled revenues, tripled gross margin, increased productivity by 28% and gave the competition a run for its money.
“The simulation developers at Capsim no longer ask: ‘who is The King's College?’” said Fotopulos, who is immensely proud of her students. “My fervent hope is that they run General Motors one day.”
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