INVESTOFIN - The finance club of JIMS organized the IPL Bidding Simulation Game on Saturday, 17th October 2015 for the students of PGDM – General,International Business and Retail Management. The activity aimed at showcasing the team management and the decision making skills in students. Also, giving a brief idea about real time auctioning and bidding, funds management and portfolio management to students.
30 teams registered themselves to participate in the competition and each team consisted of 3 members. All the registered teams have gone through the screening process which was the preliminary round.A written test was conducted which was comprised of general awareness in business world, financial knowledge and current affairs on cricket. On the basis of marks in the preliminary round, top 6 teams were selected and undergone the process of bidding.
The selected teams were given 10 crores of virtual money and asked to prepare the team of 11 players. The portfolio should consists of 4 batsmen, 4 bowlers, 1 wicket keeper, 2 all-rounders. Also in this portfolio, 6 players must be Indian and 5 players must be Foreign. Any team not meeting the above mentioned criteria would directly be disqualified. During the process, after every bid of 10 players, all 6 teams were given time for making further strategy.
Students in the audience were highly enthusiastic. Multiple audience rounds were conducted during the bidding process. The audience was asked to answer the questions such as identify a personality, logo etc. and on giving the correct answer, students were rewarded with chocolates.
The evaluation was done on the basis of the credit scores. The competition was evaluated by the finance club coordinators.One coordinator per team was assigned for the evaluation of credit scores and amount spent on buying the players. Teams with top two credit scores were declared winners and runners up. All the 6 teams were appreciated and awarded with certificates.
The winning team was awarded with the prizes worth Rs.2000 and runners up were awarded prizes of Rs.1000.
The winners were:
Ist Position (winning team)
PGDM-IB
Rahul Kumar
Ayushi Bansal
Prateek Agarwal
IInd Position
PGDM-IB
Shivam Sinha
Tania Sethi
Abhishek Bari
Overall, the event was well appreciated bythe students, Deans and other staff members.