The National Business Olympiad (NBO) is being conducted once again by Indian Institute of Management, Ahmedabad (IIM-A) Confluence in association with Smartsims India (iInteract Learning Solutions) across India this year.
After the success of NBO 2010 which was conducted in 17 cities, NBO 2011 is being planned for 70+ cities across India using MikesBikes-Advanced, with a total prize pool of for a grand prize of Rs 1,025,000.
NBO is a Business Simulation Competition for Corporate Executives and Students, conducted to test their Knowledge, Skills, Decision Making and Business Acumen in areas of Finance, Marketing, Operations and R&D.
Structure
Stage I: Competitions
Competitions will be held across the country in the months of January – November 2011. The winners will move onto the Grand–Final Prelims that will be held in November, 2011 at IIM Ahmedabad.
Stage II: Grand–Final Prelims
300+ winning teams from city competitions will compete for a place in the Grand Final.
Stage III: Grand-Final
The Top 8 performers from the Grand-Final Prelims will compete for the winning title, earning bragging rights, and generous prize money!
1st Prize : INR 100,000
2nd Prize : INR 25,000
The Grand Final will be held at IIM Ahmedabad Campus during Confluence 2011, their Flagship Business Summit conducted annually since 1998.
Confluence 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.
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.
– Ian McPherson