YOUNGSTOWN, Ohio (WKBN) – For those attending Youngstown State University for the upcoming spring semester, the Williamson College of Business Administration (WCBA) is offering a unique experience that could result with some money.
The Nathan H. and Frances T. Monus Entrepreneurship Center in WCBA is looking for students to take part in the Business Strategy Game, a web-based program.
Joe Angelo, director of the Entrepreneurship Center, explained what the game is and how students can get involved.
“It’s about exposing business concepts to non-business students … We encourage anybody on campus, any student, whether they be an education major, an engineering student or what not to form a team a compete against everyone else,” he said.
YSU is going to be the first university to offer this competition to non-business students across campus.
In the game, each team will run a shoe company. The companies are not start-up businesses because they will have roughly 10 percent of the marketplace when the competition begins.
“Each dynamic of each competition is different because part of your success or failure depends on how your competition reacts to the decisions you make … They can make virtually every decision that you would make if you run a real company,” Angelo said.
Each team will have the opportunity to open plants, close plants, bid on celebrity endorsements and invest in quality systems. They will deal with importing and exporting goods because the competition is global, so they could have plants in such places as China, North America or South America.
Angelo compared the game to the SimCity online game series, saying, “It’s like SimCity, but on steroids and with a business undertone.”
Any YSU student can sign up to compete and form teams. Around 40 teams of three or four students can participate.
Angelo will hold a kick-off meeting at the beginning of the spring semester. At the meeting, the game will be unveiled and the rules will be discussed. Then, students will go through a series of simulation rounds to test out the process of the game.
The team that wins first place will receive $400, second place will get $200 and the team that is “most improved” will get $100.
Angelo said the game should begin around the third week of the semester and run for about 12 weeks.
To sign up, send an email to Angelo at firstname.lastname@example.org to express interest. Teams will be formed over the next month.