CHICAGO, Ill., November 17, 2014: Aspiring executives from university business schools in 38 countries around the globe have competed in the Capsim® Fall Challenge with 12 teams battling it out for supremacy last weekend.
The winners were Ismail Jangda of Schulich School of Business in Toronto, Canada (Capstone® Business Simulation Fall Challenge – defeating 960 other teams) and Supap Taratippitak of Mahidol University in Bangkok, Thailand (Foundation® Business Simulation Fall Challenge – defeating 358 other teams).
According to Reda Chafai, Vice President of Capsim Managment Simulations, Inc., every student who made the finals will have proof of their business acumen to show prospective employers.
“Students who have completed a business simulation during their studies – and particularly those who entered and won the Capsim challenge – will have an edge as they launch their careers,” Mr Chafai said. “They can show they have learned both the theory behind business principles, and how to apply them in practice.”
More than 1750 students entered the competition, which is held twice each year and open to anyone who has completed Capstone or Foundation Business Simulation in their course work.
Capstone winner Ismail Jangda said what he most enjoyed about his business simulation experience was “the ability to use everything I have learned over the past three years in one course.” A key learning was that “forecasting is a difficult task, with many unknown variables.” Runner up in the Capstone Challenge, Pramod Shrivastava of IMM in Raipur, India, said “Capstone gave me the experience of a real business – without taking real risk. It gave me insight, as well as the opportunity to practice the various functions of any industry right from operations to finance to HR.”
Capsim Challenge Coordinator Anthony Illuzzi said it was exciting to see entrants from six continents in the competition. “We had teams from Egypt and Kenya on the African continent,” Anthony said, “from Romania, France, Belgium and Austria in Europe; teams from Australia; Thailand, Vietnam, Singapore and India in Asia; from the United States, Canada & Mexico; plus Chile & Brazil from South America – and that’s just a sample!”
In a new twist this semester, Anthony said winners will be treated to a dinner out, courtesy of Capsim. “We also offered two $100 American Express gift card prizes, drawn at random from all the entrants in this semester’s competition, just to thank people for taking part.”
|Place||University Name||Participant Name(s)||Professor(s)||Score|
|1st||Schulich School of Business||Ismail Jangda||David Weitzner||679|
|2nd||IIM, Raipur – India||Pramod Shrivastava||Dharam Pal||656|
|3rd||Curtin Business School||Ran Shi||Michael Baird||623|
|4th||S.P. Jain Institute of Management and Research||Rishabh MishraNishant Doorwar Dhruv VashisthaArpan GoyalAbhishek Lohiya||Vasant Sivaraman / Bindu Kulkarni||575|
|5th||RMIT University||Minh Triet NguyenVan Nguyen ThuyGiang Tran Le||David Knock||548|
|6th||Imperial College Business School||Kwanratana Sriwatanakul||Angela Dalrymple||543|
|Place||University Name||Participant Name(s)||Professor||Score|
|1st||Mahidol University||Supap Taratippitak||Bhakorn Makarananda||826|
|2nd||Sabanci University||Cosay Kacar||Betul Gemalmaz||733|
|3rd||Queen’s University||Terry ZhangRobin Creighton Michael McTaggartEthan Vera||Gary Bissonette||704|
|4th||University of Montana||Donald Helliwell||Shawn Clouse||656|
|5th||University of Texas at Arlington||Christopher Shankland||Dwight Long||429|
|6th||Kean University||Lisa SheddenStanley Kadelski||Janine Black||383|
The Capsim Challenge is a global online competition held in the spring and fall semester each year designed to test the business acumen of undergraduate and graduate students worldwide. The competitions are open to all students who have used a Capsim business simulation in a recent university course. Individuals can play with or without a team (five-person team maximum). The Challenge begins with eight qualifying rounds followed by two days of finals (November 15 – 16, 2014).
Anthony Illuzzi, Capsim Management Simulations, Inc. +1.312.477.7200 Anthony.Illuzzi@capsim.com