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GLO-BUS: An Online Simulation for Developing Winning ... - COPLAC

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Learning Objectives (Cont’d.)<br />

NLR’s Research Flight Simulator<br />

Competing against rivals will give you a chance to<br />

apply theory to practice in crafting and executing a<br />

strategy in a globally competitive marketplace:<br />

Your team must chart a long-term corporate direction, set and<br />

achieve strategic and financial objectives, and adapt to changing<br />

industry and competitive conditions<br />

Your team must analyze a full array of industry statistics, examine<br />

company operating reports and financial statements, consider<br />

import duties and fluctuating exchange rates and interest rates, and<br />

understand an assortment of benchmarking data and competitive<br />

intelligence on what rivals are doing<br />

Your team must match strategic wits with the managers of rival<br />

companies, “think strategically” about your company’s competitive<br />

market position, and figure out the kinds of actions it should take to<br />

out-compete rivals in satisfying shareholder expectations<br />

These are the heart and soul of business<br />

strategy!<br />

Ben A. Kahn / Paul Miesing “<strong>GLO</strong>-<strong>BUS</strong>” BADM 510-70 Strategic Management MCLA / U Albany

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