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Miss Mao. UniSIM grad 2010. Photography. Design. Beautiful things.
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Wednesday, June 8 @ 02:50
National Management Competition 2005
The National Management Competition (NMC) is a computer-simulated business management challenge. In a test of participants’ managerial and entrepreneurial skills, teams of two to four members will ‘register’ a company and manage it to make maximum profits. This can only be achieved through careful planning, critical analysis and skilful decision making by the management of the company – that’s you!
In each round, you will need to make decisions on marketing, finance and production and sell your products in different markets. Like markets in the real business world, the development of the virtual markets is dynamic and depends on different factors including the decisions made by other competitors playing in the same field. Better your performance with each round and you may clinch the top prize!
In each round, you will need to make decisions on marketing, finance and production and sell your products in different markets. Like markets in the real business world, the development of the virtual markets is dynamic and depends on different factors including the decisions made by other competitors playing in the same field. Better your performance with each round and you may clinch the top prize!
Each company will ‘manufacture’ two products and sell them in a number of ‘markets’. In each of four financial years, your company has to decide on the production quantity of each product and its selling price. Decisions must also be made on marketing and finance (including cash allocation and research and development). The development of the ‘markets’ will depend on the actual decisions made by other competitors playing in the ‘market’. To help you make subsequent decisions, you will receive reports of how your company has fared at the end of each financial year.The competition is played on a knock-out basis over three rounds. The Qualifying Round and Semi-Finals will be played over two weeks via the Internet with decisions submitted online. The Finals will be played ‘live’ at SIM via the Internet.
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Shuyun called yesterday to inform me that I was one of the selected student to take part in this competition. (-_-") lazy. . . But, it Looks interesting from the introduction of the competition above. From my class, we've JoJo, Shuyun, Hawrer . . . Yes, haha. its hawrer again. Alwaz kena the same thing as him de... Last time the R&D course oso both of us, attachment co. oso same. haha.
But . . . there goes my carefree June~
Briefing, Demonstration of new
software (at SIM) & Trial Round June 11 (Sat)
Qualifying Round (via Internet) Period 1 – June 14 (Tue)
Period 2 – June 15 (Wed)
Period 3 – June 16 (Thu)
Period 4 – June 17 (Fri)
Semi-Finals (via Internet) Period 1 – June 21 (Tue)
Period 2 – June 22 (Wed)
Period 3 – June 23 (Thu)
Period 4 – June 24 (Fri)
Finals, Debrief and Analysis
& Prize Presentation (at SIM) June 25 (Sat)
. . . but prizes are attractive... Hope it'll be a fruitful and interesting "game" for us. . .
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