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Campus Buzz
Students Engage in Global Project
NYIT students showed off their business acuity in the annual International Operation Simulations competition in China.
Six NYIT students showed off their business acuity while representing the United States in the annual International Operation Simulations competition in China. The event, which took place over four days from April 10 - 15, tested their skills in management, marketing, sales, production and procurement.
Students from nine countries were placed on international teams to simulate the operations of a multicultural corporation. Each team then decided what type of products it would manufacture, the size of the company and what markets to target.
A specially designed computer program was used to evaluate student efforts. The three companies with the highest
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Representing NYIT and the United States were (from left) Michael Wong, Priyanka Basa, Assistant Professor Vincent Ribiere, Carlos Dutan, Nidhiben Patel, Serkan Gozek, and Any Rodriguez. |
average equity return for six quarters of the game were selected as finalists. A critical part of the simulation was for finalists to present their business strategies at a shareholder meeting comprised of other students and faculty. In the end, the company with the most shares sold was declared the winner.
Representing NYIT and the United States were Any Rodriguez ( Franklin Square, N.Y.), Nidhiben Patel ( Elmhurst, N.Y.), Priyanka Basa ( Silver Spring, Md.), Serkan Gozek ( Jersey City, N.J.), Michael Wong (Jamaica Estates, N.Y.) and Carlos Dutan ( Jackson Heights, N.Y.).
Dutan’s corporation, Optimax, beat out the competition, but NYIT Assistant Professor Vincent Ribiere says all of the students walked away winners. “They learned about international relations, best practices, cooperation and communication. Each phase forced the students to rely on the core lessons they were taught at NYIT.”
Dutan, a senior majoring in international business, was head of research and development for Optimax, a corporation specializing in the production and distribution of radios and vacuum cleaners. His company decided to stay small and focused, a strategy that paid off. Evaluation after evaluation found Optimax turning out high-quality products, generating dividends for its shareholders, and producing more revenue.
To simulate real-world problems where decision-makers are sometimes unavailable, the organizers scheduled mandatory volleyball and paintball matches, pulling students away from their work while critical decisions were being made. This resulted in much frustration, Dutan says, but it also taught teams to think on their feet and realize they had to be knowledgeable in more than just one area.
“This is no vacation,” says Ribiere. “It’s learning how to deal with real-world situations, other personalities and cultures, and getting the job done.”
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