This decision-making strategy of individual work followed by open collaboration helped our company to stay on track for all 10 rounds. We entered the high-yielding numbers with collective consensus. Are these numbers realistic based on last year's performance?Īll co-manager put their different perspective into developing a winning strategy. In the end. Are these numbers representing our strategy?Ģ. Our Corporate manager looked into a credit rating, Image rating, stocks and dividends of the company.Īfter working on all individual parts, our team would ask two specific questions.ġ. Every Monday and Wednesday team used to meet at the college library. Our Financial Co-manager built excel sheets to track our numbers throughout all 10 rounds. Throughout all 10 rounds, I learned the importance of collective brainstorming of ideas and putting them into practice as a collective team decision. After each round, teams could track if they met their investor's expectations and form their next year's decision based on that. The year following i.e 2nd Rounds shows a performance report and projected industry average for the next year. Submission of a one-year strategy in the game marks the completion of the one round. Simulation decision-making materials are categorized into reports, projections, and decisions. The 6 criteria that were used to evaluate companies include Net Revenues, Earnings per Share (EPS), Return on Equity (ROE), Stock Price, Credit Rating, and Image Rating. Here, crunching numbers to stay in profit was the major challenge. They had to operate the company above investors' expectations to maintain a standing position in the industry. Every team formed their companies with a unique vision and mission. In the Simulation game, Students were co-manager and made all financial and corporate decisions. The game consists of 10-round among participants from universities and colleges worldwide.
It was started back in the 1990s with revitalization in 2008. is a business simulation that educates students on Business Strategy. Global Business Simulation Strategy Game, or "Glo-Bus," by McGraw-Hill Education, Inc. Over the past three months, Our team managed a top-performing strategy in GLO-BUS as we competed against companies from over the world. This opportunity helped students to connect business strategy coursework to real-life business problems. The aim was to provide experiential learning along with course theory. Langara College introduced the GLO-BUS business strategy game for the PDD Business Strategy course in Fall 2021.
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