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September 27, 2017 Central Penn College students place in global competition

The Department of Business wants to recognize two students for their outstanding performance in a global business simulation competition during the summer 2017 term. As a part of BUS470 Business Seminar, Dr. Jack Babinchak (far right) and Ben Lipschutz (far left) co-taught the class to incorporate a new business strategy simulation as a culminating experience of the business degree program.

The students in the course ran companies that were in a neck-and-neck race for global market leadership in two product categories and in a global market arena. The managers of each company were responsible for assessing market and competitive conditions in the two product categories, determining how to respond to the actions of competitors, forging a long-term direction and strategy for their company, and making decisions relating to production, HR management, marketing, CSR, accounting and cost data, import duties and exchange rate fluctuations, and shareholder expectations.

Throughout this game, students were competing directly with one another in the class, but also on a global stage against other institutions to include the University of Economics in Ho Chi Minh City, the University of Technology in Sydney, the University of Pretoria in South Africa, Northern Arizona University and the University of North Carolina at Greensboro. Two students in the class placed in the Global Top 25 rankings for their performance during weekly rounds as well as their scores.

Darrin Zehring (center right) was ranked in the Global Top 25 weekly for his overall game-to-date score, earnings per share, return on average equity, and stock price. Additionally, Darrin ended the game with the best Return on Average Equity and Stock Price in the simulation worldwide!

Steven Valencic (center left) was ranked in the Global Top 25 weekly for his earnings per share and stock price, and he ended the game with the seventh best earnings per share performance and the ninth best stock price in the simulation worldwide!

This is fantastic achievement and these students bring great credit to themselves and Central Penn College.