2/1/11 ASHLAND, OH -- Wooster resident and recent Ashland University graduate Brandon Akey has received the designation as Glo-Bus simulation grand champion after he took first place in the Best-Strategy Invitational (BSI) Competition sponsored by Glo-Bus.
Akey, who graduated from Ashland University in December with a degree in finance through the Dauch College of Business and Economics, was part of a team of three students who participated in the regular Glo-Bus simulation in the fall semester and achieved a No. 1 in the world overall performance for that work. Because of that performance, the Ashland team received an invitation to participate in the BSI competition and competed against 34 teams from around the world.
Akey participated alone in the competition and he edged a team from the University of Technology in Sydney, Australia, to win the contest. The son of Michael and Barb Akey of 2662 Carrie Lane, Wooster, Akey is a 2006 graduate of Triway High School.
"We have had four different teams involving Ashland University students ranked No. 1 in the world during the regular competition and it is a tribute to the education they receive at Ashland University's Dauch College of Business and Education," said Dr. Michael Colburn, assistant professor of management at the Dauch College and instructor/consultant for the program.
The simulation, which is set up so every week of class represents a simulated year, requires that students handle marketing, finance and operations for a company and make 40 to 50 decisions each week. They are given goals and need to make decisions that will impact earnings per share, return on equity, stock price, credit rating and image rating, Colburn said.
Colburn, who received the designation of Hall of Fame Instructor - Master Professor because Akey won the competition, has taught the strategic management capstone course for the past five years. He said he has never had a year in which an Ashland team has not received recognition for being in the top 100 schools from around the world. Approximately 1,500 to 2,000 schools compete each semester.
Full results of the 2010 competition can be found at http://bsi.glo-bus.com/stats/BestStrategyInvitational.html?bsi=741
"I am impressed by the international dimension of the competition as well as the caliber of the competing schools," said Dr. Jeffrey Russell, dean of the Dauch College of Business and Economics.
Ashland University (www.ashland.edu<http://www.ashland.edu>) is a mid-sized, private university conveniently located a short distance from Akron, Cleveland and Columbus, Ohio. Ashland University values the individual student and offers a unique educational experience that combines the challenge of strong, applied academic programs with a faculty and staff who build nurturing relationships with their students.