A* Business Simulation Competition 2024
HELD FOR THE FIRST TIME IN VIET NAM
- Delivering project-based learning experiences to nurture 21st century future business leaders
ASDAN (Award Scheme Development and Accreditation Network) is a UK- based education charity and an awarding organisation with over 40 years of experience in providing accredited curriculum programs and regulated qualifications to engage, elevate, and empower learners aged 11-25 years old worldwide.
In 2011, ASDAN UK created a formal partnership with Seed International Group Pte Ltd to start ASDAN China, an organization with exclusive rights under license to offer ASDAN qualifications and curriculum programs in the People’s Republic of China. ASDAN China provides a platform for students to explore their innovative capabilities and to hone their purpose and sustainability-driven business leadership through our A* Business Simulation challenge.
The A* Business Simulation (ABS) is a competition where students can virtually establish their own companies and make decisions on various aspects of their business from their company culture to their production needs.
ABS aims to help aspiring business leaders and entrepreneurs of tomorrow grasp a better logistical and strategic understanding of how to run a business. ABS delivers project-based learning experiences that help young entrepreneurs to thrive in the 21st century business environment, a sense of agency and belief in their ability to do more, and a capacity to work in collaboration to create the positive future that we all hope to see.
In 2024, for the first time, A* Business Simulation Competition is authorized to be organized in Vietnam by GENIUSSTAR company (Singapore).
The A* Business Simulation provides students with a gamified, fun, and interactive experience of learning about entrepreneurship. Through a 2-day program, students form teams to establish their company and complete various tasks such as simulated business operations, a trading game, and road show presentation.
To maximize their chances of winning in this competition, students must work with their teams to strategise on how they would tackle each challenge and to leverage the best strengths of each team member to achieve their team’s success.
Each section of the business simulation is designed to help students master key skillsets that entrepreneurs possess. The key sections include the business operations, pitch deck presentation, business battle, stock exchange challenge, and auction.
At School
Weekend (2 days)
Gold, Silver, Bronze Teams will be invited for
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(World Youth Economic Forum)
Location: China
July 2024
High school students from grade 6th to 12th and University students from year 1 to year 3 will register to participate in teams (6 – 8 members per team) and can combine both divisions. All submissions and presentations MUST be conducted in English.
ASDAN expanded its businsses simulation competitions online, increasing its outreach to an additional 5,000 local and international students
With the growing influence of the ASDAN Business Simulation Challenge, as well as demand by parents for financial literacy education, ASDAN expanded its business
The top winning team of the ASDAN Business Simulation WYEF Finals “Wave” represented China to participate in the “YES! Silicon Valley Youth Entrepreneurship Challenge” and won second place with a secured angel investment fund of $8,000.
Open to all high school and university students in Vietnam participating in teams (6-8 members per team).
Team members may come from different high schools/universities. There can be a mix of high school and university students in a team. Individual students will be allocated teams the day before the contest.
In the operations section, a maximum of two students per team are allowed to participate, while the remaining students will collaborate on preparing the pitch deck and business battle.
Each team will have to complete the challenge without assistance from teachers and external parties.
Auction requires the teams to bid for different resources. The goal for all companies is getting all sources with prior trading in the market. The companies with highest sources and most net property will be the winner
Pitch Deck & Business Battle
Projects require the teams to prepare business presentations and sale pitches to judges in order to gain a financial reward. The projects require students to consider different elements of business from marketing strategies to human resources management. Auction & Pitch deck & Business Battle Win extra bonus
The decisions of the judges are final
