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For the second consecutive year, an EKU team has finished in the top
four in an international on-line business management simulation challenge,
and a second Eastern team consistently ranked in the top 10 in international
class-wide competition throughout the semester.
Ronnie Lynch, an EKU senior finance major from McKee, competed as a
one-man team in the 2001 Capstone Hall of Fame Challenge, competing
against the likes of Auburn University, MIT, DePaul University and Georgia
Tech, among others. After qualifying as one of the top six teams from
among the more than 1,000 teams entered in the challenge, Lynch finished
fourth overall.
Each team in the competition was given a mythical business to manage
over an eight-year period compressed into one day. The ultimate goal
is to produce the highest cumulative profits. The on-line event took
place Saturday, Nov. 17.
"At this level of the competition, most people had gained experience
in the class competition and knew what they were doing," said Lynch,
"so you really had to consider their styles. It was definitely a learning
experience."
Lynch also was a member of the team that finished the semester in the
top 10 for all 10 success indicators in a competition made up of 1,150
class teams from colleges and universities across the United States
and overseas. The semester competition covered a seven-year period and
allowed one week per year.
Other members of the team, which ended the class competition second
in stock price, were seniors Meka Williams, an accounting major from
Beattyville; Matt Shackleford from Black Mountain, also an accounting
major; Casey Wiseman, an information systems major from Dayton; Jason
Woolery, a general business major from Irvine, and Danville resident
Lisa Young, an accounting major.
Capstone, a product of Management Simulations Inc., is used by more
than 400 colleges and universities to give their students hands-on experience
in business decision-making, and the chance to apply some of the theory
they've learned.
The six members of the EKU team agreed it definitely worked. "We had
to make actual decisions together," Shackleford stressed. "Group work
is being stressed in all classes, but in the Capstone class, it is taken
to a new level."
Learning to cooperate across company structures is a lesson that will
prove valuable in the real world, according to Young, who already has
worked in corporate accounting.
"All the decisions were dependent on other decisions, whether they were
in research and development, marketing, human resources, finance, total
quality management or production," she explained, "and there was a lot
of compromise involved."
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