News story

TIS's TOPSIM tests international competitors in IIMC's business festival, Intaglio 2006-07

London, UK, and Mumbai, India04 Jan 2007Learning NewsMPS Interactive Systems

Tata Interactive Systems (TIS), the global e-learning producer, is sponsoring 'Wizards of Biz', a business simulation competition at Intaglio 2006-07, the international business school meeting of the Indian Institute of Management (IIMC), Kolkata. The competition, which begins on 7th January, will use TIS's software-based simulation TOPSIM Business Development, which is part of TIS's range of TOPSIM sophisticated business simulations.

Tata Interactive Systems (TIS), the global e-learning producer, is sponsoring 'Wizards of Biz', a business simulation competition at Intaglio 2006-07, the international business school meeting of the Indian Institute of Management (IIMC), Kolkata. The competition, which begins on 7th January, will use TIS's software-based simulation TOPSIM Business Development, which is part of TIS's range of TOPSIM sophisticated business simulations.

Some 150 teams from business schools throughout the world, including Harvard Business School, Stanford Graduate School of Business, The Wharton School and London Business School, as well as prominent business schools from Australia, Austria, Belgium, China, Denmark, Finland, France, Germany, Italy, Norway, Philippines, Singapore, Spain, Sweden, and Thailand, are participating in this business strategy event, along with key Indian business schools including the IIMC, ISB, JBIMS, TISS, NMIMS, S P Jain, IMT, and XLRI.

After an elimination round involving 150 teams, 60 short-listed teams will play the TOPSIM Business Development simulation online, over a period of three weeks.

In the simulation, the teams manage a fitness equipment manufacturing company facing shrinking profits, increasing costs and sudden competition. They will strive to revive the company's fortunes, in a competitive multi-player scenario.

According to Intaglio 2006-07's organisers, TOPSIM - unlike many other business simulations - offers a rich and highly complex environment with a case-based approach. TOPSIM Business Development allows players to make decisions in key areas like change management, business communication, ownership transactions, business segment development, rating and financial ratios, along with planning, managing and controlling business activities.

The simulation also involves participants managing projects across different business functions, including sales projects, R&D projects, mergers & acquisition, production optimisation, and HR.

As a team-based competitive simulation, TOPSIM requires that players show the ability to make strategic decisions as a team. As it simulates the whole business environment, it gives participants a bird's eye view of business management and competitive dynamics.

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