The Business Management Challenge-Sept 18th&19th

Minimax learnings initiated us into a more complex 'Business Management Challenge' during the next two days.Each of the teams was busy safeguarding its own imaginary company....aiming to increase the retained earnings.We soon forgot that it was only a game...the only thing which seemed to matter to us were our company's balance sheets,P/L statements...and to gauge our competitor's moves after each decision period.The decision making was rigorous..but somehow we didnt feel fatigued..because we were so involved in the act of running this business of ours.It felt exciting to see how our strategies took shape in the form of results that we had predicted and how the companies controlled the market supply-demand cylcle.

After five periods,we were asked to forecast the balance sheet & P/L for the final period and we came to know that the game had ended.The board of directors from each team made presentations in the annual shareholder's meeting and none other than the competitors were our shareholders.So it was just a very collaborative environment where we learnt a lot from each other's strategy and understood the consequences of them .Decision making was important in every aspect of life because "We are not animals. We are not a product of what has happened to us in our past. We have the power of choice" as Stephen Covey puts it.