Singapore Polytechnic School of Business teams swept the top three positions at the recent National Management Competition, successfully defending the championship title won for the last three years. Banking & Finance team SP Bravo, consisting of Vincent Sim, Lee Sok Kee, Ong Woon Yong and Evelyn Yee, emerged champions and will be representing Singapore at the Asian Regional Management Games.
The computer-simulated game, organized by the Singapore Institute of Management, was played over two weeks on the Internet. The game focused on the teams' ability to fulfill three criteria - Return on Investment (ROI), Net Profit and Demand Sufficiency, putting the teams' business decision-making skills to the test. Teams had to make relevant business decisions on key issues such as plant capacity, quantity of production, marketing efforts and research & development over four periods each round. The teams' decisions, their competitors' decisions, and the current business environment (determined by news) would affect their company' performance for that period.
On what was key to their victory in the finals, team member Sok Kee said, "Team work was extremely important, as we had a mere 45 minutes in the finals to deliberate our decisions before submission. We had to assess market conditions and also come together to decide on what has to be done for the period, which not only tested our team's time management, but also our ability to work together effectively and efficiently. I'm glad to say my team worked very well together." The team also credits their lecturer-in-charge, Mr. Christopher Cheong, whose guidance in the competition was crucial to their success.
The team was, in fact, trailing behind initially for the first two periods, but managed to stage a dramatic comeback to emerge champions. Team leader Vincent said, "We made some key mistakes in the first two periods, but we were quick to rectify them and move on and in the third period, we climbed to the top of the table. This shows that it's alright to make mistakes, what's important is to learn from them."
The team spent long hours over two weeks discussing strategies and analyzing competitors' decisions and market conditions, which was trying and frustrating at times. However, the team persevered and is glad that their hard work and sacrifice of time and sleep paid off. "It was amazing to hear our team's name when they announced the champions, it's a feeling that's very hard to put into words," said Evelyn. Woon Yong agrees, "I'm very proud and honoured to be in this team and for this opportunity to represent not only Singapore Polytechnic, but also Singapore, in Kolkata."
SP Bravo is looking forward to the competition in Kolkata, but team leader Vincent was also quick to add, "The next leg will certainly be much more challenging as the game format will be more complicated and we'll also be up against not only student teams, but also manager teams from all over Asia. It'll be a battle of the best from each country." The team departs for Kolkata on 3 September and will compete in the Asian Regional Management Games in the first week of September.