Business Simulation Competition 2022

.   

Are you up for a virtual challenge? Do you have an affinity for business? If you do, this 3 round online business simulation competition is for you!

NIBS is delighted to be offering this competition in partnership with leading simulation company EcoSim. Participation is not limited to NIBS members, the competition is open to anyone (students, graduates, professionals), although economic or business background might be advantageous.

Your team is set the challenge of running TechCo, a software company,  that develops  and sells game software.  A full description of the TechCo simulation can be found here.

See 2021 Winners on the EcoSim ranking page.

TEAMS

Teams are made of 2-4 people and there is no limit to the number of teams who can enter from a university, providing a registration fee is paid for each team. Each university will be responsible for the formation of their own team/s.

Postgraduate students and graduates are also welcome to join a team.

TIMING

• Staff demo event – Thursday 8 September at 15:00hrs CET, zoom link
• Registration deadline – 17th October
• Entry fee payment deadline – 20th October
• Online Test Round – 18th – 24th October
• Online Opening Ceremony – 19th October 17:00 CET
• Online Qualifier Rounds – 24th October – 14th November
• Online Semi-final Round – 17th November
• Online Final Round – 23th/24th/25th November – Exact date to be confirmed

For full details of the the decision making rounds please go to the EcoSim website, https://nibs.ecosim.hu/timing

PRIZES

1st place prize:   8% of total entry fee in cash + 2% of total entry fee for charity*, 1-year EcoSim Pro simulation license for the students’ university

2nd place prize: 4% of total entry fee in cash + 2% of total entry fee for charity*, 1-year EcoSim Pro simulation license for the students’ university

3rd place prize: 2% of total entry fee in cash + 2% of total entry fee for charity*, 1-year EcoSim Pro simulation license for the students’ university

Prizes for the other finalist teams: Online certificate & 20% EcoSim simulation coupon for the students’ university

• Part of the prize is a donation to an NGO selected by the awarded team

STUDENT CREDIT

The Business Simulation competition is a wonderful opportunity to include experiential learning into the curricula. As this year’s competition will be a pilot to gather experience and feedback we would expect to have the credits given as extra-curricula performance. In the future, it is our aim to have the competition also included into the actual curricula.

The simulation also provides an opportunity for customisation to your own programme (see additional credits). We suggest awarding the students with the following credit scheme.

• 1ECTS credit: Simulation game: Team building, kick-off meeting, playing test round and playing qualification round (altogether 6 turns of simulation).
• 2 ECTS credits: Simulation game + add-on assignments (best practices examples will be offered by the game organisers) like strategy building, game analysis and personal development reflection.
• + Additional credits: Additional credits can be awarded based on:
  • 1. when teams succeed to advance to the semi-finals and finals of the competition, they can be awarded additional credits. This is of course within every NIBS partner university’s discretion.
    2. additional credits could also be awarded based on additional related assignments based on specific topics like finance, marketing, management to fit your programme needs. Your students can earn additional credits by, for example, do an in-depth financial analysis, or do an extensive competitor analysis

REGISTRATION

NIBS Member rate per team: €80

Non-NIBS Member rate per team: €100

You will be asked in the registration form whether or not you would like an invoice raising for payment. There is also the option of paying by credit card via the NIBS Store. Entry fee payment deadline – 20th October

If you have any questions regarding the competition, please send an e-mail to ibsc@ecosim.hu.

Video of the 2021 Opening Ceremony: this session covers the explanation of the changes for the qualifier round and the Q&A session

.