MBA students have winning edge in competition
Student team from RIT featured in Global Top 100 performers
A. Sue Weisler
MBA students at RIT’s Saunders College of Business were named Global Top 100 Performers in a head-to-head competition against 1,754 teams from around the world in the Glo-Bus simulation strategy game.
The Allied Apparition team earned a return on average equity of 82.8 percent and the 76th best return on average equity rankings for their Glo-Bus performance during the week of Nov. 17-Dec. 3.
Team members are: Zaid Alzaid from Riyadh, Saudi Arabia; Katie Bonfiglio ’15 (ASL-English interpretation) from Bedford, N.H.; Matthew Dreitlein from Fairport, N.Y.; and Alissa Roy ’16 (media arts and technology) from Glenwood, N.Y.
The Glo-Bus simulation strategy game is an online exercise where teams of students run a digital camera and drone company where strategy and decision-making skills are put to the test as they develop business plans and compete against each other for market share. Each week, Glo-Bus lists the top 100 Global Performers in four categories: overall score, earnings per share, return on equity and stock price.
According to Professor dt ogilvie, distinguished professor of urban entrepreneurship and former dean and professor of business strategy at Saunders College, strategic management is the process of formulating, implementing and evaluating the actions necessary for an organization to develop and maintain a competitive advantage over its rivals.
“Students learn, examine and practice strategy in a ‘real-world’ context by making decisions for their own simulated firm,” said ogilvie. “Simulations give them the opportunity to achieve course objectives through hands-on experience in running a company using the concepts and themes from the course. They give students a chance to apply theory to practice in a relatively low risk environment.”
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Alumnus Chance Wright ’18 makes $3.5 million gift to RIT photo school
The gift, the largest single gift ever made to RIT’s College of Art and Design, comes from Chance Wright and his mother, Pamela Mars Wright, whose late father was the co-president of Mars Inc.
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Harnessing opportunities drives Saunders College graduate to succeed
When RIT student Austin Obiora Okwudili accepts his diploma on May 11 in front of family and friends, he says that he will fondly remember his late father and the legacy he left behind—always encouraging his children to work hard, be positive, persevere and, most importantly, keep the faith.
May 1, 2019
RIT’s Center for Urban Entrepreneurship, City of Rochester partnership receives funding
RIT’s Center for Urban Entrepreneurship, in partnership with Rochester Economic Development Corp., has received $137,500 in funding from J.P. Morgan Chase Bank to help build an entrepreneurial ecosystem that will benefit small-business owners and residents of the City of Rochester. The funding is part of a larger $400,000 gift from Chase Bank to the City of Rochester.
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Wegmans offers app to let you scan as you shop
WXXI talks to Eugene Fram, Saunders College of Business professor emeritus and retail expert.