SOURCE: Management Simulations, Inc.

November 13, 2006 17:15 ET

678 Business Student Teams Compete Online, 11 Winners Announced in the Capstone and Foundation Challenge

NORTHFIELD, IL -- (MARKET WIRE) -- November 13, 2006 --This month, 678 business student teams around the world participated in the Capstone® and Foundation® Challenge -- an online competition in which students managed millions of virtual dollars.

Previously, the students had learned finance, research & development, marketing and production by using the Capstone Business Simulation and the Foundation Business Simulation in their college courses.

The Capstone side of the Challenge was won by Bryan Rathman of Kutztown University (Professor Don Kreps)

The other teams reaching the finals are listed in order of their cumulative profits:

2nd Place: Alex Ki Wai Wong; University of Northern Iowa (Professor
           Christine Schrage)
3rd Place: Tan Le Yin, Kee May Lin, Phang Hui Yi and Jason Tan Chieh-li;
           Curtin University of Technology (Australia) (Professor Kyle
4th Place: Qiang Zhang; Webster University (Professor Eddie Schwertz)
5th Place: Jason Crowley; Dixie State College of Utah (Professor Bill
6th Place: Pradeep Shampur; Ohio University (Professor John L. Keifer)
The Foundation side of the Challenge was won by:
Keeran Raaj Rana Ratnam and Thiam Song Ng of University of Technology,
Sydney (taught by Professor Kerry Daniel).  The other teams reaching the
finals are listed in order of their cumulative profits:
2nd Place: Michael Dautle; Drexel University (Professor Robert Laessig)
3rd Place: Yong Wang; Griffith University, Queensland, Australia (Professor
           Steve Goyen)
4th Place: Silke Reich; University of Arkansas - Little Rock (Professor
           Nancy Landrum)
5th Place: Ryan Vaughn; Western Michigan University (Professor David
6th Place: Michael Camara, Alicia Lamarone, Amy Pavao, Scott Griffith;
           University of Massachusetts - Dartmouth (Professor Christopher
"This Challenge is an effective way for these students to apply everything they have learned and to hone their skills before they begin working with real businesses," said Dan Smith, president of Management Simulations, Inc. and a professor at DePaul University, Chicago. "The Challenge participants list grows year after year because it places every student and every school at the same starting gates and the best team wins. Some students even use the rankings in this competition as a resume booster because it shows competency and drive. It was great fun, a meaningful experience and a worthwhile effort."

This was the 13th Capstone and Foundation International Challenge that Management Simulations, Inc. has hosted. The Competition this year included teams from dozens of countries worldwide including Australia, Canada, Hong Kong, Istanbul, Korea, Lebanon, Portugal, Turkey, United Arab Emirates and the United States. A complete list of past winners is available at

Management Simulations, Inc.

Management Simulations, Inc. is the world's leading provider of on-line business simulations. Their Capstone Business Simulation, the best selling business simulation ever created, and their Foundation Business Simulation, have been adopted by teachers at Northwestern, Wharton, Harvard and 500+ other fine schools. Capstone also is used by leading businesses, such as Allstate, General Electric, General Motors, TransUnion and PricewaterhouseCoopers, for management and executive training.

Management Simulations was founded in 1986. More information about the company is available from Rodger Mitchell by calling 1-847-501-2888. Email: Free, online demonstrations of both the Capstone and Foundation Business Simulations also are available by contacting Rodger Mitchell.

Contact Information

  • Contact:
    Rodger Mitchell
    Management Simulations, Inc.
    540 Frontage Road
    Northfield, IL 60091
    Email Contact