NIBS International Business Simulation Competition
Rev Your Mind, Ride to Victory! Reach the top as a bicycle trade manager! The International Business Simulation Competition is an exciting challenge for students and graduates also, powered by the Network of International Business Schools (NIBS), EcoSim and Budapest Business School.
What is involved?
First, we offer you a business simulation challenge, a chance to compete in international environment with a bike trade company, with the possibility to even produce the e-bikes. The aim of the simulation is to reach the highest final score for your company (created by cumulated profitand effective resource management)! You can create and deliver your strategy, make business decisions about the pricing, the marketing, the HR and the service development and even cooperate with your opponents, sponsoring a local bicycle festival.
The winner teams of each market (there will be 4-7 teams / market) qualify for the online semi-finals, where they face a more challenging simulation setup. At the last stage, only the 10 best teams participate and compete for the prizes in the final.
Why should you participate?
We offer a competition in which you will have the opportunity to develop and demonstrate your management skills in a business simulation game against international competitiors.
This competition is a great opportunity to practice your theoretical knowledge and sharpen your business acumen in the role of a top manager while playing a business strategy game, investing only about 2 hours per week.
You will be in direct competition with other teams from the beginning, managing your GearBike (the manual of the simulation is available on this link).
Besides having a lot of fun, you can win prizes and recognition for yourself and a simulation licence coupon for your university, and you can support your favourite NGO with donation.
If the registration fee is difficult to fit into your budget, we encourage you to find a team sponsor who can cover the fee for you. Many teams' entry fee is covered by their universities or colleges.
Who can apply?
University/College students, graduates or even seniors can form teams of 2 - 4 members and join the competition from all over the world. A business background might be an advantage, but players from any other backgrounds are welcome.
Registration fee for NIBS member school students: 100 EUR/team
Registration fee for non-NIBS teams: 120 EUR/team
The actual list of NIBS member school is available here.
How to apply and pay the registration fee?
1st step
Register your team with all members and your academic mentor (if you have) at the NIBS website.
2nd step
The registration fee is 100 EUR/team for teams of NIBS member schools and 120 EUR/team for others.
Payment of the entry fee must be done by the payment deadline: 17th October 2024.
Important, that only one person (the nominated team leader) of the team should manage the payment of the fee. If you need any advice about the payment, please email to contact@nibsweb.org.
Not paying the fee until the deadline means the cancellation of registration.
The competition starts with the online test round in October, according to the timing.
Are you ready to challenge yourself and be the best manager of a virtual bike trade company?