They undertake to overall manage 'the production company' strategically - having plants to operate, a workforce to compensate, inventories to control, accounting and cost data to examine, capital expenditure decisions to make, marketing and sales campaigns to wage, shareholders to satisfy and worry about, sales forecasts to consider, and fluctuations in interest rates and the stock market to take into account. The student teams consider these factors in light of an overall company strategy when making decisions.
More than 350 leading universities worldwide are participating in this business simulation game. Since its introduction in Fall 2004 semester, UD students found the game overtly challenging, interesting, and definitely a rewarding experience for their career development. In Fall 2007 semester, one team secured the 23rd rank internationally with a cumulative profit of $307.626 Million over 8 rounds, out of 1,367 teams. The second team secured 40th rank with a cumulative profit of $ 272.879m over 8 rounds.
M. Omar Hefni, the President of UD, was very proud of the students' performance in the Capstone course. He noted that the simulation allows students to apply their learning on business strategy to a competitive situation, giving them hands-on experience in analysis, judgment, and integrative decision-making in an internationally competitive arena. Students learn to live and deal with the consequences of their decisions. The business sector and industry as a whole, has greatly appreciated the students' performance and achievements in this course.
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UD students excel in business decision making
- United Arab Emirates: Monday, February 04 - 2008 at 13:58
- PRESS RELEASE
As a part of the BBA program requirements, graduating students at the University of Dubai (UD) have to embark on a business simulation game in the Capstone course (also known as Strategic Management).
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About University of Dubai:As a corporate academic university in partnership with Dubai Chamber (formerly known as Dubai Chamber of Commerce & Industry), UD strives to be pre-eminent in providing the highest quality applied learning based on international academic standards, in addition to professional development services to the workforce in both the private and public sectors. UD has two colleges; the College of Business Administration (CBA) and the College of Information Technology (CIT). The CBA offers Bachelor degree in Business Administration (BBA) with specialization in Management, Marketing, Finance & Banking and Accounting. The CIT offers Bachelor degree in Computing Information Systems. All these programs are accredited by the UAE Ministry of Higher Education and Scientific Research. UD is a member of the Association to Advance Collegiate Schools of Business (AACSB), the Accrediting Board for Engineering and Technology (ABET) and the European Foundation for Management Development (EFMD). UD is working very hard on earning the AACSB and ABET accreditation for its degree programs. Hopefully, when accomplished, UD will be placed on the world map among the best Business and Information Technology Colleges. For more information, please visit www.ud.ac.ae
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Posted by Lara Lynn Golden, News EditorMonday, February 04 - 2008 at 13:58 UAE local time (GMT+4)
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