Students Compete with Texans in Virtual Business World
Monday, 28 March 2011
An online business simulation tool is allowing NUI Galway students compete against students in University of Texas to learn about the trials and tribulations of running a business. As part of the Bachelor of Commerce with Accounting degree programme at NUI Galway, an interactive game called Globalsym is being used in the classroom. This game involves students managing a company by producing and selling products, and competing against other virtual companies in a virtual business world. Thorough collaboration with University of Texas, the third-year students at NUI Galway have extended the competition beyond their classmates to compete with their US peers. While the students in University of Texas are postgraduate business students, the undergraduates in NUI Galway are undaunted by the competition. On a recent visit to NUI Galway, Professor Stephen Salter from University of Texas commented on the high performance of a number of NUI Galway teams who are giving the Texans a run for their money. Just as in the real world, students face decisions on how to handle the problems, opportunities, and challenges facing the modern company. They are involved in developing a strategy for their company each week in response to economic and political information and aligning marketing, finance, production, and sales decisions with their choosen strategy. "Students appreciate the opportunity to apply the skills they have learned across their subjects in managing a company and the competitive element with University of Texas has been very enjoyable for students", commented Dr Breda Sweeney, Head of Accountancy and Finance Discipline at NUI Galway. The Bachelor of Commerce (Accounting) course combines a broad-based business education with an accounting specialism providing a gateway to careers in accounting, taxation, corporate finance and related professions. As with the general Commerce degree, the subjects cover a balance of theoretical and practical learning experiences in accounting, business and related areas. Graduates benefit from considerable exemptions from examinations of professional accounting bodies, such as Chartered Accountants Ireland, the Association of Chartered Certified Accountants and the Chartered Institute of Management Accountants.