Glo-Bus
Encyclopedia
The Global Business Simulation Strategy Game, or "Glo-Bus," by McGraw-Hill
Irwin is a Business simulation game.
It was developed in 2008 to help educate students in the field of Business Strategy. Glo-Bus is the sister game to its old brother Business Strategy Game that dates back to the early 1990s.
The strategy game focuses upon aspects such as Production design, marketing, assembly (for both entry-level and multi-featured), compensation and labor, discount bids, corporate citizenship,and finance and cash flow.
Every player makes decisions in their respective companies which is submitted before a due date in which the game "turns" one year. The next financial year shows who has met investor expectations or who is clearly the most profitable in the industry.
The five criteria which companies are ranked on are earnings per share
, credit rating
, stock price, return on equity
, and image rating.
The Business Strategy Game is used in many post secondary Bachelor of Business
programs in North America. It is usually a cornerstone assignment in a strategic management
class. Those who are able to beat their entire class are crowned Industry Champions and are invited to attend the Glo-Bus Invitational (BSI). Roughly 8% of all students who play Glo-Bus become Industry Champions. Those who win the BSI (Less than half a percent of all students who have played Glo-Bus), become Grand Champions which is the highest level of accomplishment in the Business Strategy Game.
McGraw-Hill
The McGraw-Hill Companies, Inc., is a publicly traded corporation headquartered in Rockefeller Center in New York City. Its primary areas of business are financial, education, publishing, broadcasting, and business services...
Irwin is a Business simulation game.
It was developed in 2008 to help educate students in the field of Business Strategy. Glo-Bus is the sister game to its old brother Business Strategy Game that dates back to the early 1990s.
The strategy game focuses upon aspects such as Production design, marketing, assembly (for both entry-level and multi-featured), compensation and labor, discount bids, corporate citizenship,and finance and cash flow.
Every player makes decisions in their respective companies which is submitted before a due date in which the game "turns" one year. The next financial year shows who has met investor expectations or who is clearly the most profitable in the industry.
The five criteria which companies are ranked on are earnings per share
Earnings per share
Earnings per share is the amount of earnings per each outstanding share of a company's stock.In the United States, the Financial Accounting Standards Board requires companies' income statements to report EPS for each of the major categories of the income statement: continuing operations,...
, credit rating
Credit rating
A credit rating evaluates the credit worthiness of an issuer of specific types of debt, specifically, debt issued by a business enterprise such as a corporation or a government. It is an evaluation made by a credit rating agency of the debt issuers likelihood of default. Credit ratings are...
, stock price, return on equity
Return on equity
Return on equity measures the rate of return on the ownership interest of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity . ROE shows how well a company uses investment funds to generate earnings growth...
, and image rating.
The Business Strategy Game is used in many post secondary Bachelor of Business
Bachelor of Business
A Bachelor of Business is a three or four year business degree offered by traditional and newer universities from the post-Dawkins era in Australia and New Zealand...
programs in North America. It is usually a cornerstone assignment in a strategic management
Strategic management
Strategic management is a field that deals with the major intended and emergent initiatives taken by general managers on behalf of owners, involving utilization of resources, to enhance the performance of firms in their external environments...
class. Those who are able to beat their entire class are crowned Industry Champions and are invited to attend the Glo-Bus Invitational (BSI). Roughly 8% of all students who play Glo-Bus become Industry Champions. Those who win the BSI (Less than half a percent of all students who have played Glo-Bus), become Grand Champions which is the highest level of accomplishment in the Business Strategy Game.