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A beginners guide to corporate competitions
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An integral part of the B-School journey, corporate competitions are designed to refine an MBA student’s personality. Not only does it provide a platform for experiential learning but also encourages students to think out of the box. Moreover, these competitions give students a stage to showcase their talents and earn opportunities to win PPIs and exciting prizes.
Sorted into 3 primary categories, here is a checklist to give you a brief idea of what these competitions are about. This is your ultimate guide to corporate competitions!
A primary category in the list of competitions held in B-schools, this plays a crucial role in helping students apply their theoretical knowledge in practice. It is built on grounds of assessing the provided case and providing feasible solutions for the same. Students come across a variety of challenges and brainstorm their way into providing the best outcomes to the jury. B-Schoolers come face to face with real-life scenarios and judge themselves for possible areas of improvement and learning.
Additionally, it allows students to connect better with their teammates and an opportunity to network with other B-School students. Students also get to gauge their interests on the basis of role, domain, industry, etc. Sponsored by corporates, most of these case-study competitions offer PPIs to the winning teams in addition to the significant amounts of prize money. Not to mention the rich breeding ground of ideas and a pool of motivation and inspiration for all involved!
Often hosted by top corporates, this set of competition encircles innovation and strategy building. Also known as pitch competitions, students are required to come up with novel ideas. They then need to pitch it to the jury, usually in the form of powerpoint presentations, which is further reviewed and then selected on grounds of precision in specific domains. The judging criteria might encompass clarity, concept, practicality, comprehensiveness and potential value.
Many competitions provide themes on lines of which the ideas need to be curated. B-Plan competitions motivate young entrepreneurs to pitch their ideas and get funded for their plans. Such competitions aim to select novel and marketable ideas. Reasonable and achievable ventures often make it to the top.
Devised to give students a platform to experience real-life scenarios in a virtual environment, business simulation competitions revolve around testing strategic decision-making abilities. Students get an opportunity to witness theoretical texts come alive virtually. This works vice versa too where students can implement their gaming skills in theoretical practice. Such games seldom require knowledge in the IT domain or software installation.
Furthermore, business simulation competitions provide a practical insight into how closely businesses are interlinked. These are built on sound economic theories and test how students perform under competitive pressures, subsequently judging how successful they get in building and expanding business empires.
These basic classes of competitions listed under one umbrella, form an indispensable part of the corporate competitions held in B-Schools. A thorough insight into these will give you the edge and guide you to excel in corporate competitions.
So, tie your seat belts and take flight. Participate. Get ready to get thrilled to the core!
Sorted into 3 primary categories, here is a checklist to give you a brief idea of what these competitions are about. This is your ultimate guide to corporate competitions!
Case-Study Competitions:
A primary category in the list of competitions held in B-schools, this plays a crucial role in helping students apply their theoretical knowledge in practice. It is built on grounds of assessing the provided case and providing feasible solutions for the same. Students come across a variety of challenges and brainstorm their way into providing the best outcomes to the jury. B-Schoolers come face to face with real-life scenarios and judge themselves for possible areas of improvement and learning.
Additionally, it allows students to connect better with their teammates and an opportunity to network with other B-School students. Students also get to gauge their interests on the basis of role, domain, industry, etc. Sponsored by corporates, most of these case-study competitions offer PPIs to the winning teams in addition to the significant amounts of prize money. Not to mention the rich breeding ground of ideas and a pool of motivation and inspiration for all involved!
B-Plan Competitions:
Often hosted by top corporates, this set of competition encircles innovation and strategy building. Also known as pitch competitions, students are required to come up with novel ideas. They then need to pitch it to the jury, usually in the form of powerpoint presentations, which is further reviewed and then selected on grounds of precision in specific domains. The judging criteria might encompass clarity, concept, practicality, comprehensiveness and potential value.
Many competitions provide themes on lines of which the ideas need to be curated. B-Plan competitions motivate young entrepreneurs to pitch their ideas and get funded for their plans. Such competitions aim to select novel and marketable ideas. Reasonable and achievable ventures often make it to the top.
Business Simulation Gaming:
Devised to give students a platform to experience real-life scenarios in a virtual environment, business simulation competitions revolve around testing strategic decision-making abilities. Students get an opportunity to witness theoretical texts come alive virtually. This works vice versa too where students can implement their gaming skills in theoretical practice. Such games seldom require knowledge in the IT domain or software installation.
Furthermore, business simulation competitions provide a practical insight into how closely businesses are interlinked. These are built on sound economic theories and test how students perform under competitive pressures, subsequently judging how successful they get in building and expanding business empires.
These basic classes of competitions listed under one umbrella, form an indispensable part of the corporate competitions held in B-Schools. A thorough insight into these will give you the edge and guide you to excel in corporate competitions.
So, tie your seat belts and take flight. Participate. Get ready to get thrilled to the core!
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