WVSU Students Place in Top 100 of International Business Competition
5/12/2015
Contact: Kimberly Osborne
(304) 766-3363
kosborne@wvstateu.edu
May 12, 2015
FOR IMMEDIATE RELEASE
WVSU Students Place in Top 100 of International Business Competition
INSTITUTE, W.Va. – A trio of West Virginia State University business students finished among the top 100 teams in the world in a recent computer-based business simulation.
WVSU seniors Tyler Clendenin, Elizabeth Jump and Hannah Keller participated in the international competition as part of a Senior Business Seminar taught by Dr. Abainesh Mitiku.
“This is an excellent performance; a performance that reflects quite well on the caliber of our students and on the caliber of instruction that they receive in the Business Administration department,” said Mitiku. “The future of West Virginia will be brighter as a result of students such as these.”
Competing in the Business Strategy Game marketed by McGraw-Hill Education, Inc., the participating teams were assigned to operate an athletic footwear company that produces and markets both branded and private-label footwear, and competes head-to-head against footwear companies run by other teams.
The students who comprise each company are responsible for assessing market conditions, determining how to respond to the actions of competitors, forging a long-term direction and strategy for their company, forecasting upcoming sales volumes and making business decisions.
During the week of April 6 through April 12 the WVSU students’ company, known as Axiomatic Footwear, earned global top 100 rankings in earnings per share (42nd in the world), return on average equity (95th in the world) and stock price (61st in the world).
During the time Axiomatic posted these top 100 performances there were 6,136 teams from 335 colleges and universities participating in the Business Strategy Game.
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West Virginia State University is a public, land grant, historically black university, which has evolved into a fully accessible, racially integrated, and multi-generational institution, located in Institute, W.Va. As a “living laboratory of human relations,” the university is a community of students, staff, and faculty committed to academic growth, service, and preservation of the racial and cultural diversity of the institution. Its mission is to meet the higher education and economic development needs of the state and region through innovative teaching and applied research.
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