MBA Students from NECPU Won the Second Prize in 2008 National BUSIMU Competition

Publishing time:2008-05-19    Viewer:

After one month’s keen competition，the 2008 national business simulation (BUSIMU) competition, which was jointly organized by Advisory Committee of the National MBA Education, Guanghua School of Management of Pecking University, Experimental Teaching Demonstration Center of Economic Management of Pecking University and Professional Committee of Decision Simulation of China Management Modernization Seminar, came to a smooth close on April 29th.

    Totally, 223 teams from 39 universities participated in the competition, among which 8 teams were from NECPU. Finally, with the guidance of Mr. Song Xiaohua and great efforts by our team members, Yinshi Team of NECPU won the sixth place and the second prize of the competition. The team members were Li Jianchao, Lai Ming, Zheng Wenxin, Gao Yang and Gao Shanshan,

    In business simulation competition, the company’s competitive environment is simulated by computers and the participants competed and practiced in virtual companies to conduct the business policy-making training. Business simulation competition mainly aims to train the competitors to make wise decisions for their companies to achieve strategic targets in the changing business environment. Business simulation guides the trainees to apply principles of management into practice flexibly, improves their analytical abilities, judgment and flexibilty and cultivate their spirits of teamwork. Compared with other forms of classroom teaching, decision simulation is much more competitive, interesting and practical.

    Business simulation competition is carried out periodically. At the beginning of each period, companies should make plans for production, transportation, marketing, financial management, human resource management and so on, and then input these plans into computers within the given time. Based on the plans and status quo of each company, the software decides the sales volume of each company according to simulative market operation mechanism, evaluated a series of business indicators and finally made comprehensive evaluation for business results of each company. After stages of simulation, companies are ranked according to the comprehensive business results.