Congratulations to Professor Susana Velez-Castrillon at University of West Georgia for submitting the winning response to the Interpretive Challenge question for Fall 2016.
Professor Velez-Castrillon won a $1000 scholarship for the winning teams in her Strategic Management course this Fall semester.
We want to thank Professor Velez-Castrillon for choosing Corporation simulation and share below some feedback from her students about their experience with the simulation!
“Our team enjoyed the simulation. We won the two rounds. I liked the fact that some decisions hold for one period only and some hold for the entire game. It forces us to also think long term, even though the stock price reward one period results, real life.”
“The simulation taught me how competitive the “real-life” market can be. No one knows what exactly the other companies are doing so you have to use your knowledge of the market to anticipate their moves so that your company can remain ahead of the competition.”
“During the simulation, I feel that it’s usually not a god idea to do anything in Finance Decision unless your company’s stock is growing rapidly. We only have four period which also means is not a good idea to issue bonds and buy a vender. We used to consider trying the vender and the bonds, but at last we chose to make it safer. I think the simulation could be longer, let us have 6-10 periods, then it would be a bigger challenge.”
“The main thing I learned from the simulation this semester is that every decision counts. It was a really great way to challenge students to make decisions that impacted them directly (as a grade). Also, it gave me some really good experience in what it felt like to be a part of “healthy competition.”
“As an international student the simulation gave me the chance to be part of a team. Out team was really balanced and so we discussed our decisions. This helped me to understand different point of views. To find a solution that every group member is happy with was really important to us, so we had to learn to make compromises.”