Simformer Business Cup 2016: Stage 1 Results
Simformer Business Cup First Stage Completed!
Simformer team is proud to announce, that on 5th of March, the 1st stage of Simformer Business Cup 2016 was completed. Around 400 participants from 40 different countries gathered to demonstrate entrepreneurial and management prowess, creativity in a simulated business environment.
Various business growth strategies and tactics were used – both vertical and horizontal integration, as some of the participants developed variety of business units. Even though the initial conditions provided the contestants with 3 retail stores in different countries, the leaders decided not to limit themselves – the value chains were created in order to produce, sell goods, using both wholesale and retail, and provide various services. The final goal was clear – maximum growth of revenue and profit in order to increase the value of the business.
And as Stage 1 was getting closer and closer to an end, it was becoming obvious, that market data analysis, bold decisions, aggressiveness and creativity reveealed the winners.
However, not everyone was successful – only 42% of virtual companies ended 30 turn period with a positive cumulative profit.
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Our participants gather from all over the world |
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Lithuania |
USA |
Denmark |
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Russia |
South Africa |
New Zealand |
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Palestine |
Kazakhstan |
Philippines |
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India |
Belarus |
Saudi Arabia |
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Ukraine |
Poland |
Ireland |
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United Arab Emirates |
Portugal |
Australia |
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Moldavia |
Romania |
Thailand |
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Zambia / Congo DR |
Greece |
Germany |
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Morocco |
Brazil |
Italy |
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Netherlands |
Iran |
Indonesia |
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Afghanistan |
Turkey |
Serbia |
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UK |
Oman |
Bulgaria |
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Mexico |
Bangladesh |
Switzerland |
The majority of them are from academic society – students and their professors from leading academic institutions in their respective countries, although business representatives can be found as well.
All the participants who managed to gain positive cumulated profit for the whole 30 turn period of Stage 1, will go directly to Pro League and compete for main prizes in Stage 2.
The rest of participants will be allowed to join Amateur League and compete for exciting prizes.
For those who are interested in participating in Business Cup 2016, but missed Stage 1 you can join the Stage 2 Amateur League.
The access to Simformer Business Simulation for training purposes will be granted before the start of Stage 2. Additional information regarding Stage 2 will be provided later in e-mails, Simformer Facebook group.
Also, don’t forget that you can still join Best Reporter contest to win special prizes. Congratulations for all the participants and see you all in Stage 2!
Lower you can find the final rating of the Stage 1.
