BIMG
- A Snapshot View
The
UEA Business & Investment Management Game (BIMG) simulates the principal
decision-making areas in the management of a manufacturing enterprise. It is the
business equivalent of the flight simulator, enabling managers to test out their
ideas in a safe environment. Pitting their wits against opposing teams, players
enjoy the agonies and ecstasies of the hunt for market share. The competition is
run in a spirit of good fellowship and the organisers at UEA offer hotline help
to those in difficulty. Teams rapidly learn that successful performance depends
not only on making best use of their own resources but also on taking into
account the likely reactions of their rivals.
Each
team of up to five individuals competes in a group with four other teams in
manufacturing its product for a number of markets. In the early rounds business
decisions are taken weekly on such issues as pricing policy, marketing strategy,
production volumes, raising of loans, transport policy, use of consultants and
external investment policy with the aim of maximising profit. The Game
progresses on a knock-out basis with the five finalists competing in a live
final at UEA.
BIMG
attracts participants from all sectors of the economy.
The Game's fascination is its mix of professional skill and fun, laced
with the spice of competition. It
offers challenge at all levels from senior management to trainee and is equally
suitable for scientific, engineering, commercial and financial staff. Although
many of our players join in from year to year we encourage newcomers with a
number of special prizes, as well as a practice decision before the start of the
competition. The prize structure is given on the back of our current brochure.
The
BIMG competition has been sponsored by Ford Motor Company since 1 August 1995.
Prospects
Cup is a version of the well-established UEA Business & Investment
Management Game, specially tailored for teams of graduate and professional
trainees. It starts in the autumn
and culminates with a live-final at UEA in February.