2000 students from 60 schools compete in Mosaic Enterprise Challenge
March 20, 2012 1 Comment
The Enterprise Challenge, run by Mosaic Network has just completed its fourth competition after seeing an increasing number of students take part from over 60 schools nationally.
A record number of 2,000 students entered this year’s competition to compete for a place in the final. To be in the final, students needed to have achieved the highest possible scores playing PIXELearning’s The Business Game, combined with an ethical business strategy.
Finals took place at Hogan Lovells where the top five teams were invited to come along and pitch their business idea to a room full of people including Mary Nightingale (ITN News Presenter and Compere for the day), Andrew Stunnell OBE MP (Parliamentary Under Secretary of State, The Department of Communities and Local Government), HRH Princess Badiya Bint El Hassan, Khawar Mann, Apax Partner and the guest of honour HRH The Prince of Wales.
Under intense pressure, students put their all into their business pitches. They were highly motivated if a little nervous (as anyone would be), but most impressively they brought their learning, their ideas and their aspirations to life whilst drawing the audience into their performance and business idea.. and what ideas they were!
Team Core, the winning team from Southfields Community College, London, pitched a great business plan focused on tracking student spend. Their prize was a tour of the ITV news room, tea at the House of Commons with Lord Noon and a cheque for their school. One student from Team Core shared his views on the game, describing it as ‘the coolest game in town’.
The Business Game places students in the role of Managing Director of a new company where they are tasked to take a product to a market. This virtual business simulation tasks the students with selecting a product, its quality, price and sales and marketing budget. Trading for three (virtual) years, students must meet customer demands, be competitive and most of all be as successful as possible in their market share, net profit and sales.
Overall this competition is a fantastic opportunity for students from deprived areas of the UK to come together and share their innovative ideas, and in the words of Andrew Stunnell OBE MP “celebrate achievements of young entrepreneurs of the future”
Funded by HRH The Prince of Wales in 2007, Mosaic aims at creating opportunities for young people of all backgrounds growing up in deprived communities, through linking young people with inspirational role models to boost confidence, self-efficacy and long-term employment.
With such an enthusiasm we are seeing the new entrepreneurs enter the business world offering some great promise and outstanding ideas.