MANAGEMENT GAME

Students of BIM, especially PGP I, had an opportunity to experience the real business environment inside the campus. It was the day when Prof. Vinoth Dumblekar was invited to the campus to conduct the business simulation game. This game lasted for the whole day. The students who were grouped into teams of 5 or 6 members were asked to strategise their business including price, advertisement expense, percentage credit sales, material purchase etc.. The whole day was divided into 2 financial quarters. The students were expected to put their knowledge that they had gained in the course and were asked to analyse the results of the decisions that they made. Of course these 5 or 6 people were assigned roles of chief Financial Officer (CFO), Chief Executive Officer (CEO), Chief marketing Officer (CMO), Chief Operating Officer (COO) etc.. The students also gave feedback regarding the game, coming out with their views like, they had better understanding of the financials of the company and they could relate the numbers they find tin the reports. The best team was ranked as per the wealth the possessed at the end. The students also learnt about how difficult is it to convince other over once point of opinion over a decision.