Sand Table Shanghai Business Competition
Over the past two weekends, (March 5 and 6 and March 12 and 13), more than 140 students from universities all over Shanghai were schooled on company operations and business knowledge at the student initiated and organized 2016 "Golden Finance Cup" Sand Table Business Competition. The winning team, “Infinity,” was comprised of NYU Shanghai sophomore Lin Ye, and teammates from Fudan University, Jiaotong University, ECNU, and Shanghai Institute of Foreign Trade.
Hosted by NYU Shanghai, 24 teams competed in 4 simulated markets (Mercury, Mars, Jupiter and Saturn) where contestants ran their company for 6 fiscal years. During this period, they bid for advertisements, manufacture products, gain market shares and generate profit. Getting to know teammates through quizzes, team activities, and participating in ERP courses, contestants forwent traditional student roles and took charge of organizing and communicating with peers, scholars and corporations. They presented their company’s value, strategy, operations and future plan, consulting judges for practical advice.
Representatives from Peng's Studio, Winsh Technology, New Channel and Standard Chartered Bank spoke about company culture. Contestants also were able to network their representatives and others from KPMG, SPD Silicon Valley Bank, Mr. Finance, SIEMENS China Research Institute and China International Intellectech Corporation.