IMT Hyderabad Students Top A Multi-Million Dollar Simulated Business Challenge
IMT Hyderabad, 23rd April 2014:
One among its many unique pedagogic approaches in building business leaders for tomorrow, IMT Hyderabad offers Capstone® – a simulated business environment challenge. Capstone® is a renowned worldwide business challenge which is a part of the Strategic Management course at the institute. The challenge is a part of the curriculum in which the simulation exercise is carried out in two parts – first in a group of 5 members each, over a period of 10 days and then at an individual level as a comprehensive 6 hour long examination. Being a part of the Strategy course, the exercise involves implementing concepts from all the course work of the first year to make business decisions in the areas of Marketing, Finance, Accounting, Human Resources, Leadership and Strategy.
In the extended Spring Challenge, 1500 teams participated globally striving to establish their business acumen. This year, 9 out of 14 registered teams from IMT Hyderabad made it to the top 300 teams and 2 of those made it to the Top 100 teams globally. Participation in this challenge was of both types – individual and team. First year student Vivek Singh Pandya secured the 84th position and a team of first year students comprising Pushkar Ghatole, Hari Krishnan and Sankalp Garg secured the 97th position. Darshan Ganatra, John Epaphras, Abhishek Mukherjee also rank among the top five teams from the institute in this challenge. Some of the renowned institutes which participated in this challenge along with IMT Hyderabad include University of Massachusetts, California State University, University of North Florida, Texas A&M University, IIM-A, IIM-B, IIM Shillong and IIM Ranchi.
About Institute of Management Technology, Hyderabad (IMT,Hyderabad)
IMT Hyderabad started its operations in July-2011 with a two-year full time PGDM program. The Institute has a state of the art 30 acre campus situated near the Rajiv Gandhi International Airport in Hyderabad. The PGDM program has an innovative and industry relevant curriculum with integrative courses that provide a holistic picture and learning about real life business situations and problems. The pedagogic approach followed by the institute is student centric, participative, experiential and team-based. IMT is a leading educational establishment rated among the top 10 business schools in India, with campuses in Ghaziabad, Nagpur and Dubai, besides Hyderabad.
Capsim is a global business leader in simulation technology and services designed to teach business acumen in a learning environment. Built with the foundation that simulations are the best way to build effective business acumen, Capsim has been offering simulation environment learning experience since 1985 and has impacted over 900,000 participants. The company is the first of its kind to offer real-world online business simulations for corporate training and academic curricula.
Some of Capsim's firsts include:
- Building a simulation-based assessment tool for individual, class, curriculum and accreditation benchmarking
- Integrating case studies and business models with online simulation technology for customized learning programs
- Engaging +100,000 users worldwide annually
- Providing comprehensive, expert live support for all instructors and students
- Growing an active global user community to consistently build and improve an application and business case library
- Introducing a fail-safe technology platform of mirrored servers for maintaining zero downtime
As a part of Academia:
Capsim offers academic training at three levels: Foundation, Capstone and Comp-XM. The foundation course is available for all the registered students. Capstone is played in teams of students from the participating institutes. The student teams will be ranked based on the scores of the assessment. The assessment includes implementation of concepts from various areas of management such as – Marketing, HR, Finance, Accounting, Leadership and Strategy. After the Capstone assessment, each student appears for an individual comprehensive exam called Comp-XM. This is the final level of assessment for the course. The extension of this is the Spring Challenge.
The Capstone Spring Challenge – 2014:
It was an extended challenge which was available for all the institutes registered for the Capsim software usage as a part of their curriculum. The challenge was taken up by interested students who appeared for the Foundation and Capstone simulation assessment through their institutes. Students from IMT Hyderabad participated in this challenge and 9 out of 14 registered teams appeared in the top 300 teams globally. Two of these teams made it to the top 100 teams. The finals were amongst top 6 teams which qualified in this challenge. Amongst the top 6, IIM Raipur was one of the contenders from India.
Being a prestigious course, Capstone has some of the famous world class universities enrolled for its exercise. A few to mention are – Texas A & M University, University of Massachusetts, California State University and University of North Florida. Some of the renowned Indian institutes that participated along with IMT-Hyderabad are - IIM-A, IIM-B, IIM Shillong and IIM Ranchi.