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(L- R) Anurag Walawalkar, Dr. Jagadish Bhat, Guirish Nagarsenkar, Amogh Parrikar, Gautam Amonkar who were ranked in India at the Capstone Business Simulation International Spring Challenge 2012


The Goa Institute of Management (GIM) team headed by Dr. Jagadish Bhat topped the list of business schools in India by securing 944 points of 1000 at the Capstone Business Simulation International Spring Challenge 2012.  GIM was also listed 13 amongst the b-school globally. The challenge saw a total participation of 970 institution around the world some of which include Symbiosis Institute of International Business, Pune, Indian Institute of Management of Bangalore (IIMB), Bangalore, IIM Ahmadabad and also international universities like the Webster University, United States of America, University of Cambridge, United Kingdom to name a few.

Twice each year, Capsim Management Simulations Inc. Chicago USA, invites students to compete in the Capstone Business Simulation and Foundation Challenge. This year, 970 teams from top ranking business schools across the world participated in the online challenge. GIM’s team consisting of Dr. Jagadish Bhat, Guirish Nagarsenkar, Amogh Parrikar, Anurag Walawalkar and Gautam Amonkar from the executive MBA course decided to take up the challenge and put their management skills and knowledge to a test.

Talking about the challenge, team leader Dr. Jagadish Bhat said “It is indeed commendable that the team was able to score highest amongst all participating business schools in India. It has been a real challenge for us and we attribute our success to our professor late Chandersen Mirchandani who helped us understand the concepts of successful business management.”

P.F.X. D’Lima, Director of Goa Institute of Management (GIM) said, “Our students have really made us proud. We at GIM are really happy to know that your students have ranked first amongst the b-schools in India and ranking 13th in the world adds yet another feather to our hat.”

The Capstone Challenge is a rich, complex business simulation designed to teach strategy, competitive analysis, finance, cross-functional alignment, and selection of tactics to build a successful and focused organisation in a risk-free environment. Entering the Capstone Business Simulation experience, participants face a complex and rapidly evolving scenario in which business acumen is tested and enhanced through modelling, analysis and strategic planning. The challenge is to turn around a poorly performing, $100 million company, with average products in different market segments, while satisfying customer demands for better, faster and cheaper products, over eight simulated years, compressed into ten days of competition.