In the News...
Montana State University Billings students run top simulated company in world
CHICAGO, Ill., November 14, 2011: Tyler Melugin and Robert Stricklin of Montana State University, Billings, have proved they are world class CEO material by winning the 2011 Fall Foundation® Business Simulation Challenge – an international competition with entrants from more than 280 universities on five continents.
Tyler and Robert are studying Business Management and first used a simulation in Professor Pat Holman's class. Last week they were announced as one of six teams to reach the finals and, over the weekend, competed in the 48 hour, high pressure playoffs to win the competition with 725 points out of 1000 on the Balanced Score Card.
"This isn't reading my book and remembering definitions," Robert said, "it is real world analyzing of what is possible, implementing a strategy to make my business as profitable and efficient as possible." He said he entered the Challenge because "competition is the key motivator for me, along with the fact I feel it has relevance toward my area of education."
Winning was an added bonus: "I got a sense of accomplishment and something I can put on my resume," Robert said. "It was confirmation that my knowledge of this game is relatively high compared to most and that I am able to look at the big picture and recognize an effective strategy."
The Foundation® Business Simulation Challenge is a global online competition held in the spring and fall semester each year. The competition is hosted by Capsim Management Simulations, Inc® of Chicago, Illinois, a global leader in developing and delivering business simulations that prepare students to run profitable businesses.
Brendan Langen, Capsim's Challenge Coordinator, said: "The competition finalists may still be at university, but they have already learned what it takes to be able to balance a company's operational, financial and sales goals under pressure. The Challenge gives business students the chance to pit their business skills against top competition around the world and see if they have what it takes to compete in an intense, time constrained management experience."
"While most students do their first iteration of the simulation over a whole semester, the Challenge rounds are completed in a week and the finals demand a weekend of focused decision making. Decisions on their company's production schedules, new product offerings, marketing, pricing, forecasting and finances are contracted into hourly rounds so there is very little time to analyze the competition and the pressure is intense."
The annual competition is open to all students who have used a Capsim business simulation in their university course.
Finalist results from Capsim's Fall 2011 Foundation® Challenge: First Place: Tyler Melugin & Robert Stricklin; Montana State University, Billings; Professor Pat Holman
Second Place: Harry Glinos; University of Maryland University College, Adelphi, Maryland; Dr. Ronald L Prombion & Professor Hisae Diez de Medina
Third Place: Daishi Miyazaki; Lenoir-Rhyne University, Hickory, North Carolina; Dr. Craig Schreiber Fourth Place: David Render, Scott Noll, Jackie Schrick & Adam Forbes; Washburn University, Topeka, Kansas; Dr. Norma Juma
Fifth Place: Dung Tran; Cornell College, Mount Vernon, Iowa; Professor Christopher Conrad
Sixth Place: Eric Marshall; Baylor University, Waco, Texas; Dr. Blaine McCormick
About Capsim Management Simulations, Inc.
Founded in 1985, Capsim Management Simulations is a global leader in developing and delivering business simulations that prepare practicing and aspiring business people to run profitable businesses. Our programs create rich learning experiences that give participants, whether in an academic or corporate setting, the opportunity to practice the skills and build the business acumen that are behind today's successful companies. More than 800,000 participants at 600 schools and corporations have built their business acumen through Capsim learning experiences. Visit www.capsim.com for more information and a complete list of past winners.
Contact: Brendan Langen, Capsim Management Simulations, Inc.