Just as in the real world, companies compete in a global market arena, selling cameras and drones in four geographic regions - Europe-Africa, North America, Asia-Pacific, and Latin America.įounded in 1940, Iona University is a master's-granting private, Catholic, coeducational institution of learning in the tradition of the Edmund Rice Christian Brothers. Company operations parallel those of actual technology companies. GLO-BUS is a completely online global simulation by McGraw-Hill/Irwin where the focus is on competitive strategy, and student teams run companies that produce wearable action video cameras and camera-equipped drones in head-to-head competition against companies run by other class members. Alstete has used active learning simulations since 2005 and writes peer-reviewed research journal articles about teaching strategic management. I enjoyed being able to manage a company and absorb skills that can help with my future career.” Jackson said, “I learned a lot about the financial aspects of a business strategy. Govea said: “The most important lesson I got out of the game was to adapt multiple aspects of your business such as product design, marketing, worker compensation, cash flows and ESG in order to align with our company’s vision of being a socially responsible provider of quality drones and action capture cameras for an affordable price, thus led me and Jada to victory in the long run.” Scott Galst, Sofia Giamanco, and Javier Raudales.The following LaPenta School of Business senior teams placed in the Global Top 100 during the final week this fall: In addition, as winners at Iona University, these students are eligible to compete in the next Best-Strategy Invitational, where high-performing companies worldwide face off in a two-week competition hosted three times per year.

Outstanding students Andrew Govea, Jada Jackson, Conor Byrne and Kevin Newman earned certificates awarded as industry champions.

Jeffrey Alstete, professor of management in the LaPenta School of Business. The competitive online business game is a required semester-long assignment in the Iona Capstone course Business Policy and Strategy, taught by Dr. Four senior business students earned first-place finish as the best-performing company in their simulated camera and drone industries as part of the GLO-BUS business competition, an online simulation run by McGraw-Hill/Irwin.

Globus game simulation