What went behind winning the Business Simulation Game at ABS- keeping 32 other participating schools behind

Winning has gotten into the DNA of Vignana Jyothi Institute of Management, Hyderabad students. With one win raining over another, PGDM students yet again made their presence felt at “Chanakya”- the business simulation game conducted by AIMA and organized by Ashoka Business School. The winning team was comprised of – Khaja Kaleemuddin, Bhavya Addepalli, Gourav Gupta, Tejas Sanghvi from VJIM.

With 33 teams contesting in the intense state-level competition, VJIM-ites had all 32, trail behind the back, with their acumen to making profit after tax. As task, all teams were assigned the same start-point

— business scenarios were same however eventually scenarios started changing from quarter to quarter. There were resources like machinery, raw materials, etc. that were provided to facilitate the teams but they came with conditional constraints and not for free. The GDP, CPI and expected demand was given and according to that teams had to forecast and produce the number of products which can be easily absorbed by the public. However, while production, the availability of plant and machinery, procurement of raw materials, available cash in hand all had to be taken care of. “We were tested on the pricing strategy, branding of the products, risk taking ability, critical and quick decision making,” says Tejas B. Sanghvi, PGDM, VJIM, Hyderabad.

VJIM students were contending with schools such as Symbiosis International University, Narsee Monjee Institution of Management, IBM, Badruka College of Commerce, Aurora PG College, Carlton Business School, Institute of Public Enterprise (IPE), St. Martin’s Institute of Management, Siva Shivani Institute, Methodist College of Engineering and Management, Malla Reddy Institute of Management, KG Reddy College of Management, JNTU, OU, Ashoka Business School, Alluri Institute of Management, Maulana Azad National University, Vishwa Vishwani Institute, Indian Institute of Mass Communication, Sarojini Naidu Vanitha Maha Vidyalaya, CVSR College, MLRIT, to name a few. With the rise of heat in the contest, with each stage, the contest was getting tooth and nail hard.

After each quarter, results were being declared as to which team is leading with their market share, PAT, inventory and new demand for next quarter based on which students had to forecast and predict the consumption and produce accordingly. Except the first quarter, VJIMites were leading all the quarters and eventually won the first prize- a stunning Rs. 50,000 cash prize.

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VJIM to host a workshop with DELNET, to help users utilize its vast resources to the fullest

_SSV5144 (1)Vignana Jyothi Institute of Management (VJIM), Hyderabad will be hosting a unique workshop come Sept 20, 2014. It has teamed up with DELNET, a major digital library resource in South Asia for the one day workshop to train people and institutes to make the most of the advantages their libraries have in store for them. This is another interesting initiative from the institute to offer cutting edge advantage to its students.

DELNET was set up in 1988 with the goal of encouraging resource sharing amongst libraries. It strived to achieve its goal through development of network of libraries, collecting, storing and disseminating information besides offering computerized services to users. The organization brings together the resources of more than 4,900 libraries as its members in 33 states and Union Territories in India, and 8 other countries.

VJIM understands the importance of a good library as a strong resource base for students and its team members. After all, ever since its inception, the institute has not only aimed for academic excellence but promoted a research bent of mind amongst faculties and students alike. To make sure they had the best access to resources, it joined DELNET in 2002 and has been using the facilities a great extent since then.

The one day workshop will highlight DELNET resources and services for the benefit of the participants. But that’s not all; they will also be offered training in Koha, which is an open source integrated library management software. There will be several other aspects of library management that will be covered in the workshop.

The workshop is open to members of DELNET, who will be keen to utilize this opportunity to their advantage. But the good news is that non-members too can participate in the workshop and understand more about the services that are being offered by the organization.

Faculty members who need to refer to books and resource material for their teaching can benefit from this workshop. It also gives the cutting edge advantage to all researchers and scholars who can find material they look for under one roof. And of course, it has its merits for all students, in this world of e-books, to find a library resource that is comprehensive and expansive to say the least.

There is a nominal fee that will be charged for the workshop, which has a lot in store for participants. Members will have to pay a fee of Rs. 250 to be a part of the workshop while non-members will be charged Rs. 350. The workshop is highly anticipated and is already creating a buzz.

To read more about VJIM, Hyderabad, visit: www.vjim.ac.in

To read more about DELNET, visit: http://www.delnet.nic.in/