Simformer Business Cup 2016, the First international online management challenge, starts on 4 March, 2016
Simformer Business Cup 2016 is an international management and entrepreneurship contest in highly intensive format. The contest consist of two stages. Each stage lasts only two days. Hourly game updates. During this period, the contestants have to prove themselves to be competent managers as well as strong fighters, just like successful managers should be in real life.
- (1888PressRelease) March 02, 2016 - Simformer Business Cup 2016, an international management and entrepreneurship contest, is meant for professors, instructors, students from various business schools and universities as well as professionals: corporate training managers. The event has several significant features: it is completely free of charge and the participants can be located anywhere in the world. The goal of the contestants is to demonstrate their skills in effective business management and outperform tough competitors.
The contest is held in Simformer Business Simulation, a powerful realistic online business simulations. The key features of this business simulations are a realistic competitive environment and a wide range of management functions and business processes. Partners, customers, suppliers and competitors are not computer-generated, but real players.
Simformer Business Cup spring season consists of two stages:
1 stage - 4-5 March - "Quality and Entrepreneurship" business game
2 stage - 1-2 April - "Corporation in Distress " business game
First stage (eliminatory). All registered contestants will receive a pre-configured retail company. They will have to:
Manage all major business processes of the stores - pricing, advertising, supplies, HR.
Analyze the competition and make decisions in terms of price levels and the range of products in each store.
Expand their stores and make them the most popular in the region, considering the level education and welfare of the population.
Optimize and expand their businesses.
The contestants, who were able to generate positive profit at the end of the game, proceed to the next stage of the contest.
Second stage (the main part). The contestants will have to lead the corporation, which consists of several subdivisions of different specializations, out of financial crisis.
The main tasks to be solved in the game:
perform company analysis,
identify weak subdivisions,
optimize the operations of weak subdivisions and reach a break-even point,
increase the productivity of the rest of company subdivisions,
develop and implement a business development plan.
The winners of the contest's second stage will be selected based on three nominations:
Maximum revenue - the virtual company with cumulative revenue at the time of the contest stage completion.
Maximum profit - the virtual company with cumulative profit at the time of the contest stage completion.
Maximum assets - the virtual company with the biggest number of assets at the time of the contest stage completion.
The contest organizers will award the contestants, who will choose to cover the contest in their internet sources. A special «Best Reporter» award will be given out at the end of the contest.
The winners of Simformer Business Cup will be awarded with valuable prizes from Simformer platform for business simulations.
How to start:
1. Visit the web-site of the Cup: https://simformer.com/events/simformer-business-cup-2016
2. Register and put together a team (2-5 people)
3.Create a virtual company, which you will have to manage, and delegate the roles among the team members.
4.Collaborate and compete with other participants of the challenge.
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