BEMIDJI, Minn. - A group of Bemidji State University business students, led by Dr. Valerie Wallingford, assistant professor of business administration, has TWICE placed among the top 100 teams in the GLO-BUS weekly global business-strategy simulation.
Bemidji State`s team, PicturePerfect, tied for 78th place on the GLO-BUS `Return on Average Equity` and `Earnings Per Share` global top 100 leader board for two weeks beginning Feb. 22, 2010. Top performances are posted every Sunday night at 11:59 p.m. Greenwich Mean Time (5:59 p.m. Central). For the week, there were NEARLY 2,000 TEAMS from 132 colleges and universities from around the world participating in the simulation.
GLO-BUS is a completely online exercise where teams of students run a digital camera company in head-to-head competition against companies run by other class members. Company operations parallel those of actual digital camera companies. Just as in the real world, companies compete in a global market arena selling digital cameras in four geographic regions - Europe-Africa, North America, Asia-Pacific and Latin America.
Company co-managers must make decisions relating to research and development, component usage, camera performance, product line breadth, production operations, work force compensation, outsourcing, pricing, sales and marketing and finance. The challenge is to craft and execute a competitive strategy that results in a respected brand image, keeps your company in contention for global market leadership, and produces good financial performance as measured by earnings per share, return on investment, stock price appreciation, and credit rating.
Comprising the nationally ranked Bemidji State University Business Administration squad are Josh Whirley, Collin Rehnblom, Brady Lee, Prerana Poudyal and Tyler Day.
For more information on GLO-BUS, visit http://www.glo-bus.com.
About Bemidji State University: Shaping Potential, Shaping Worlds Bemidji State University, located in northern Minnesota`s lake district, occupies a beautiful campus along the shore of Lake Bemidji. Enrolling approximately 5,000 students, the University offers more than 65 undergraduate majors and 14 graduate programs encompassing arts, sciences and select professional programs. The University is a member of the Minnesota State Colleges and Universities system and has a faculty and staff of nearly 600. University signature themes include environmental stewardship, civic engagement and global and multi-cultural understanding.
For further information about the University, visit http://www.bemidjistate.edu
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