On October 4 the press conference of the International Students’ Business Olympiad (ISBO) was held in Tbilisi. The aim of the press conference was to inform the media on the commencement of the elite round of ISBO as well as provide an opportunity for the student teams of all the co organizers to meet. Three students from our university, one of the co organizers of the Olympiad, attended the press conference. The registration for the Elite Round continues until October 14, 2011 via Internet.
International Students’ Business Olympiad is a business competition for students, which aims to promote business education and encourage promising young people. This is the 6th Business Olympiad, but it is the first to be conducted on an international scale. It is the second time Kutaisi University has taken part in this successful project started and organized by our fellow citizen Mr. Tariel Zivzivadze.
The main mechanism of competition in ISBO is a strategic business simulation - B-STRAT. In a virtual business environment student teams start virtual companies, produce and market their virtual products, have virtual profit and win. The software itself provides assessment and thus, it is 100% objective. Official languages of the project are English and Georgian.
Maximum of 100 teams can participate in a round. 3 teams of 4 students each (3-year undergraduates and postgraduates) will represent Kutaisi University in this round.
The winner of the elite round gets GEL 5000 cash prize.
Let us wish success to our students!!!