In this simulation, you will need to prepare a presentation for potential investors. Your aim is to convince investors, who would help you accomplish your goals.
In this module the emphasis is on managing employees.
During the project management module, the following topics will be covered:
Hiring employees: how to choose the right candidates for the positions?
Managerial skills: what does situative leadership mean, and why is it important?
How to manage personnel-related challenges?
Managing project deadlines and project challenges
Your product idea in this simulation is an online market in which an angel investor has already seen potential, and invested EUR 250.000 to finance the operation of the initial period. The company is already registered, and different functional divisions are in place to start working, so you have back-office collegues to handle financial reporting, HR reports and business consulting.
Creators of GeTicket developed a business concept on how to efficiently manage sports events' tickets secondary markets, because in team sports, fans already buy the tickets for the quarterfinals, semi-finals, and finals, but the results are not always as expected, so sometimes the fans don't have tickets for the right match. Many people miss their home team's games, while at the same time visitors don't show up.
GeTicket would like to solve this issue by creating an online market for selling and exchanging the entrance tickets of sports events.
Preliminary evaluation showed that you will need a much higher amount of capital to start up your company and app, that is why you need to prepare for an investment presentation with your virtual company. During this presentation you will need to convince investors, everything depends on this presentation! Fortunately you have enough time to prepare for it. Keep in mind, that the presentation is due at the end of the last month, so even if you finish the projects before this, you cannot do the presentation before its scheduled date.
In order to convince a serious investor, you will need to prepare multiple background studies in the form of 8 projects.
You already hired two colleagues, who have started the work. It is obvious that two persons will not be enough to complete the project until the deadline, so you need to hire new colleagues. You should especially strengthen your team in the fields of IT, marketing and design.During the year you need to decide who works on which projects.
During the preparations for the investment presentation, your employees should complete the following projects.
Negotiations with partners
Business model development
Product image & marketing plan
Business plan preparation
Design of planned operational processes
Preparation of the presentation
One employee can work on multiple projects simultaneously.
After setting up your project team, you will have approximately one year to find the answers to every technical, market-related and financial questions.
Based on preliminary calculations, you will need about 5-6 people to complete all the tasks. Determining the exact number of your stuff is up to you.
During the year you may not be able to hire new employees, you should consider this as well.
As the leader of a project team, you will certainly need to manage emerging conflicts, challenges and problems. You will have the opportunity to motivate, encourage and train employees, and also to reorganize certain tasks and projects - if necessary.