After several grueling hours, Feati University bagged top honors in the 2007 Inter University Virtual Business League (VBL) Competition, a business simulation contest participated in by over 15 colleges and universities in Metro Manila.
The winning team from Feati was composed of “business warriors” Kris B. Clores, Fernando S. de la Cruz, Keoffer T. Mizuela, Alvin L. Bartolome, Mark Jasob Q. Villanueva and Alvin Austria, all Information Technology majors. Together with their adviser Ms. Arlene DG. Apostol, the team won the P50,000 grand prize courtesy of sponsor wwwExpress, an affiliate of DHL Logistics.
Lyceum placed second, taking home the P30,000 prize. Its participants were Princeton T. Sigue, Jess John B. Valenzuela, John D. Vargas and Andres S. Sala.
Araullo University, represented by Vismark Ronn dela Cruz, Elizabeth R. Salas, Paul A. Sadian, Julius D. Dumayas, Allan B. Valmonte and Janine F. Mendoza, bagged the third prize of P20,000.
“The semi-final round was over in only 15 to 20 minutes and the students, when they reached their goal, all shouted as if they won the lottery. However, there was a more somber atmosphere during the final round when only three groups were left to battle it out. It took them almost three hours to finish the game with Lyceum taking the lead at first. Eventually, Feati wrestled the top position,” Engr. Jovy Lopez-Factor, VBL chairman said.
The competition was held last December 15 at the Feati University Bridgepoint. Featiâ€™s Information Technology Department and College of Business organized this yearâ€™s VBL.
VBL uses the principles and practices of entrepreneurship in a highly interactive, technology enhanced economy. It aims to simulate enterprise management in a virtual setting staged in a competitive yet education environment using the software, Capitalism II by Trevor Chan.
Other schools in the competition include the University of the East Caloocan, University of Perpetual Help Rizal, Emilio Aguinaldo College, Mapua Institute of Technology (Makati), Mapua Institute of Technology (Manila), Adamson University, Jose Rizal University, University of the Philippines, Technological Institute of the Philippines, St. Paul University and Colegio de San Juan de Letran.
The VBL Competition was launched two years ago by the Philippine Electronics and Telecommunications Foundation (PETEF) and uses the popular Capitalism II Business Simulation game in which students apply the general principles of entrepreneurship in a highly interactive virtual environment. This business simulation game has been used by Stanford and Harvard Universities to supplement the case study approach in discussing business situations.
This year, Featiâ€™s IT Department and College of Business, with the support of wwwExpress, took the lead in reorganizing and promoting VBL. “We envision each participating school to act as an annual host on a rotation basis. We hope this will be the start of network linkages among schools with entrepreneurship advocates,” says Engr. Jovy Lopez-Factor, Feati Universityâ€™s IT Head and this yearâ€™s VBL chairman.