King's Business Students Lead Global Competition
Students place 4th in CAPSIM challenge
NEW YORK, May 16, 2012—It isn’t every day that business students get to rescue a $100 million business in an international simulated business management competition. And it isn’t just any type of student who out-competes nearly 1,600 students from 20 countries. Yet that is just what business students Rebecca Marshall and Dyllan Tinney accomplished when they placed fourth overall in the semi-annual CAPSIM Challenge.
"It's an extremely significant accomplishment just to make it to the finals," said Capsim Challenge Coordinator Brendan Langen. "With over 900 Capstone teams alone, from more than 20 countries fighting for a spot, the level of competition is at a fever pitch."
After success in previous years in the CAPSIM competition, business professor Dawn Fotopulos incorporated it into the structure of her Business Strategy class. The official CAPSIM press release states:
“The Capsim Challenge is broken into two groups: Capstone® and Foundation®. While similar in scope, the Capstone Challenge requires students to run a $100 million business whereas the size of the company in the Foundation Challenge is $40 million. Both Challenges provide participants with the opportunity to integrate what they have learned during business school in a realistic way by running a simulated company, including overseeing the business's product development and finances. ‘During the Challenge, it is the students' job to select a strategy for their company, revamp its declining product lines or create new ones, as well as figure out the business's marketing and sales plans, said Langen.”
Marshall, who partnered with Tinney during the competition, said “The challenge definitely was difficult, but all the prep we did in our class benefited us as a team greatly. We used CAPSIM throughout the whole class, so we were familiar with it and we were familiar with the competitors.”
The most important lesson learned, Marshall said, was the importance of managing finances. “Even during the final rounds when we did not have a profit, we still had cash on hand,” she explained. “We thrived as a team during the final rounds by managing cash well and not losing points on the balance scorecard by going bankrupt.”
You can read the official press release here on CAPSIM.com.
The King’s College educates students in the ideas upon which nations rise and fall. With a focused curriculum in the liberal arts tradition, students are prepared to help shape, and eventually to lead, the institutions of government, civil society, media, law, business, education, the arts, and the church. King’s is a Christian college located in New York City.
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