UIU students reach top 10 in Glo-Bus competition
Online students among 942 teams from 69 schools
FAYETTE, IOWA (March 5, 2007) – Business students at Upper Iowa University’s Online program ranked in the top 10 in GLO−BUS – a worldwide, online business competition that pits teams of students against each other running rival digital camera companies.
For the week of Feb. 19, the overall score posted by the “Best Cameras” team from Dr. John Craddock's Economics of Global Business online class was ranked eighth among more than 942 teams from 69 colleges and universities worldwide – a mixture of nationally-recognized traditional schools as well as a number of mixed traditional and online campuses.
"The simulation provides solid academic feedback for Upper Iowa University,” said Craddock. “We’re able to see the business skills and decision-making capabilities of the students in the class relative to students at other business schools across the world. The report provides credible evidence about the business proficiencies of Upper Iowa students.”
“Best Cameras” was one of seven teams from Craddock's class who were ranked among the top 25 for four metrics – earnings per share, return on investment, stock price appreciation, and credit rating – in the business skills decision-making simulation.
GLO−BUS, sponsored by McGraw-Hill and developed and managed by the professor and author Dr. Arthur Thompson and his colleague Greg Stappenbeck at the University of Alabama, is used to validate students’ ability to apply economic and management theories to aid in strategizing and competing as a “virtual enterprise” in a global business competition.
Since the GLO−BUS simulation was adopted by Upper Iowa University in August, all three participating classes have had multiple nationally-ranked champion groups.
Visit www.glo-bus.com for more information about the competition.