Student Management Games-2023-24

What is Business Management Simulation?

Management Simulation is a computer-based event that simulates a business scenario. It creates an opportunity for the participants to manage a business with multiple functional areas. They get to experience active competition and gain the necessary perspective to handle it. They take strategic business decisions and see the impact through AIMA’s indigenously developed software ‘CHANAKYA’. The essence of Management Simulation is ‘Learning by Doing’.

Eligibility

A team of maximum 3-4 members can be nominated by the institution. Students of MBA, PGDM, BBA, B.Com, Engineering, CFA & equivalent professional Programmes of any college or institution can participate.

These are organised primarily for students at business schools and professional/academic institutes to help them hone their decision-making skills in a realistic simulated business environment. SMG is National Championship played across the country. Management Simulation is a Computer based event that simulates a Business Scenario. It creates an opportunity for the participants to manage a business with multiple functional areas. They get to experience active competition and the perspective to handle it. They take strategic business decisions and see the impact through AIMA’s indigenously developed software ‘CHANAKYA’. The essence of Management Simulation is ‘Learning by Doing’. All kinds of students can participate including Engineering, Sciences, Business, anybody who aspires to be a part of the Corporate World. One could be in a Graduate or Post Graduate School. The entire module works even better for students coming from a non-commerce/business background, it gives them a learning that elevates their exposure/experience scale instantaneously over their peers.

SMG is held during October – April of every calendar year. Since launch of SMG in 1997, over 20,000 students from 350 B-Schools and other institutions have benefited from this unique learning experience in a competitive environment in the process develop business acumen through Business Simulation.

Prize

College Participation / Sponsor CollegeFee

Dates & Regions (Offline Rounds)

The Game Process

1. We use proprietary software "Chanakya" for the 3-day Business Simulation Programme(2 days Regional Prelims, 1 Day Regional Finale) that is conducted by the faculty from AIMA.
2. All participants are divided into team of 4 members. Each will be designated the position of CEO, CFO, COO, CMO to take care of each function of the company.
3. Hypothetical case scenario is presented to the participants. They have to take decisions to maximize the winning criteria. After every round new developments are intimated to them like strike by labor, increase in cost price etc. Case presented will be on a particular industry that we have developed, considering the real world conditions. For Example we have the Steel Industry case where there are 4 different finished products with different selling prices and two raw materials are required to produce these finished goods.
4. First day will start with short briefing of 1-2 hour that detail the simulation, followed by 5 Qtrs/ decision round of 2 hrs each that are spread over 2 days.
5. Teams will compete in the market to maximize pre-defined winning criteria by selling the company product line in the market.
6. Participants give their Decisions and we input them in our software "Chanakya". Based on the decisions taken by the whole group our dynamic programme calculates the winning criteria.
7. They will decide on the pricing of the product, advertising of the product, taking bank loan to maintain the cash flow, buy plant & machinery etc. All team members will take decision to out-perform their competitors.
8. We play 5 rounds and in each round we give market updates like change in labour cost for producing the finished good, increase in raw material cost, change in government policy that can increase taxation on the finished goods etc.
9. All decisions taken by team will affect their competitors too. For Example, one team Advertising will be able to sell more in the market compared to others who are not spending on advertisements.
10. Exercise covers all aspects of business i.e. Finance, Marketing, Operations etc. A whole lot of decisions need to be taken by a team in each round, so all 4 members have to participate closely to meet the deadline.

Register Now