National Business Olympiad is a business simulation competition using MikesBikes-Advanced, conducted specially for management students with an intention to test their strategic frame of mind and conceptual skills in Finance, Human Resource, Marketing, Operations and R&D.
This event was conducted across 17 major cities, with the grand finale held at the Indian Institute of Management (IIM) in Ahemedabad on 26th – 28th November, 2010 during their 50th year celebration flagship summit Confluence 2010.
Confluence 2010 is the second largest Business School festival behind IIM Calcutta’s Intaglio. Over the years, Confluence has attracted participation from business schools across India as well as abroad. It hosts events from all the standard arenas of Management – Finance, Marketing, Strategy, Entrepreneurship and IT and Operations. Many distinguished speakers and industry leaders share their knowledge, and the event provides a platform to budding managers to apply their skills in various games and events organized during the meet, including the MikesBikes competition.
There were around 72 teams in the finals of the event at Confluence 2010. In addition to Business Schools, a few corporate house teams also participated in the event.
Students from Ahmedabad based “Entrepreneurship Development Institute of India” took all the 3 positions in the finals, making it a clean sweep.
The team of Ankur Joshi, Pawan Kumari and Anshul Goel showed their managerial skills and acumen to emerge as winners. The first runners up and the second runners up were the teams from FMS, Dhaula Kuan, Delhi and IMS – Noida respectively.
Dr. Kiran Bedi, Former IPS Officer was the Chief Guest at the award presentation ceremony and she presented certificates to the winning team members. The award also consists of a cash prize of Rs 1,00,000.
Some of the notable among the registered participating colleges were FMS, IIFT, Jaypee Business School, FMS – Rural Management Institute (Jaipur), EMPI, IMS – Noida, Galgotia Business School, IITM, Technia.
MikesBikes-Advanced is a Strategic Management Simulation by Smartsims Business Simulations. MikesBikes gives students the unique opportunity of running their own company, while competing against other students, within a realistic and dynamic environment.
Students form the management team of their own Bicycle Manufacturing Company, making all the key functional decisions. They will analyze real Market and Financial reports, and collaborate with each other to formulate, implement, and review their own cross-functional strategic plan.