If you overheard someone talking about private equity, net profit, direct costs, floatation and surplus, what judgments would you make about their job, and their skill sets? You would be forgiven for thinking that they work in the financial industry or at least studied finance. I’m afraid neither is true, these are just some of the terms flying around a group of thirty 13-14 year old students on Tuesday!
March 9th 2010 saw the final heat of The Enterprise Challenge, organised by Mosaic network, using PIXELearning’s The Business Game. Over the course of 3 months the challenge saw over 1000 students take part from across the UK. With four heats played, the six top teams were invited to London for the nail biting final.
An hour of game play saw frustration by some teams, a relaxed approach by others but a determination to win by all.
Giving young people the chance to develop their entrepreneurial skills and be mentored by experienced business men and women – the Apax Partners – Mosaic Enterprise Challenge saw students achieved virtual net profits of over £5.8 million by Handsworth Girls School (West Midlands) and £5.9 million by Small Heath School (West Midlands).
The winners were Manchester Academy with a staggering virtual net profit of £6.3 million.
Awarded by Evan Davis, presenter of Dragon’s Den, the winners won £3,000 for their school, a behind the scenes tour of the BBC news broadcasting room with Mishal Hussain, a meeting with the Chancellor of the Exchequer at Number 11 Downing Street, before a stop off at Apax offices for tea. For their final treat the winners were whisked off for a meeting with James Cann, well known from BBC’s Dragon’s Den.
If I’d know that was the prize I would have entered too!
PIXELearning would like to wish hearty congratulations to all teams who took part in the challenge! Over the past 3 months all the team members learnt an awful lot about business concepts and how to focus their attention to achieve their goals.
You never know perhaps we have inspired the next group of Dragons!