BIZSIM-IIM RANCHI

Event Details 

Title:
BIZSIM
When:
12.09.2015 - 04.10.2015
Location:
IIM RANCHI
Category:
Institute Festivals/Fests

Organizer Details

Institute/Organizer:
IIM RANCHI
Club/Society:
Sankriya : The Operations and General Management Club
Contact Name:
Rupesh Kumar
Contact Phone:
76771495981
Contact Email:
rupesh.kumar14@iimranchi.ac.in

Prizes

Prize Details:
1st prize - Rs 25000 and certificate2nd prize - Rs 15000 and certificate3rd prize - Rs 10000 and certificate

Description

BIZSIM Description Sankriya : The Operations and General Management Club,  Indian Institute of Management Ranchi (IIM Ranchi), is organizing BIZSIM as a part of “AGON”, the annual management festival of IIM Ranchi. This is a game-based simulation application that uses real-life situations that require participants to make decisions based on business acumen and management skills. It is a simulation that delivers enduring knowledge proven to translate into robust business benefits for the world’s leading companies.  The agenda of the event includes a Business Game competition split across two phases. The first phase of Elimination will be conducted remotely and the Final round will be conducted at the IIM Ranchi designated venue with five teams qualifying. The event will be using simulation platform "TOPSIM" which will be provided by Tata Interactive Systems. Team Size: 3-4 Members per team from the same college. There is no restriction on the no of teams from a college. Registration Window : 11th to 16th Septemeber 2015 Elimination Round (Remote session: Offline Mode) Date : 17th - 24th September 2015

1. —Simulation Instances will be created based on number of participating teams
—2. Each Instance will be a market where teams will compete
—3. Each team will manage a virtual company by making decisions for 3 financial cycles
—4. These cycles will be spread over a duration of one working week
—5. Decision templates and Reports for previous round will be emailed to teams
—6. Teams will submit their decisions in the decision template
—7. All participating teams, across simulation instances, will be compared on Success value, which is a function of Net income, Customer Satisfaction and Planning Quality

Final Round (In-Class session : To be held at IIM Ranchi Campus) Date : 3rd and 4th October 2015

1. —5-7 teams of 3-4 participants (each) will be invited for the Finals
—2. Each team will manage a virtual company by making decisions for 4 financial cycles over 2 Days
—3. One Laptop will be designated to each team
—4. The Simulation application will be installed on the Participants’ laptops on Day 1
—5. Teams will enter their decisions through the Simulation Interface

—6. All participating teams, across simulation instances, will be compared on Share Price, a composite score made up of key metrics.

For registration:

http://www.agon-iimranchi.com