Diya Chakravarty | Staff Writer
One of the few events at Techtatva’20 that boasted a requirement for business acumen, Merge-A-Lot was a perfect platform for contestants to showcase not only their negotiation skills but also their perceptiveness and ability to look at the bigger picture. The event saw massive participation and enthusiasm, much to the delight of the organisers. It was a team event, with two members per team. Merge-A-Lot was conducted in two rounds—a quiz round, followed by a presentation round.
The quiz round evaluated the participants’ expertise regarding finance, investments, and knowledge about companies currently making headlines. Ten qualifying teams advanced to the second round, where each team was assigned a well-known firm, such as ICICI Bank, Rivigo, and Pepperfry, among others. Each group had to make a convincing business pitch to persuade other companies to merge with their own. None of the competitors failed to impress as they used statistics relating to sales, revenue increase, company growth, and profit margins to support their presentations. They also proved that they were no strangers to the company’s shortcomings and did not hesitate to shed light on the weak spots of their corporation. It was evident to both judges and spectators alike that each team was well-versed with their company’s finer aspects. “This was an exciting round, as the teams were prepared with solutions from the get-go,” said Anirudh Iyer, one of the organisers of the event.
After all the groups had finished making their pitches, they were given time to reach out and interact with other groups and ultimately form larger companies, by integrating with one or more groups. The winners were decided based upon the number of mergers, and the size of monetary gain from all of them. Merge-A-Lot was a unique event that was received with gusto by all those who had taken part in it.
Think And Bid
Diya Chakravarty | Staff Writer
An event that gave students a glimpse into the world of auctioning and bidding, Think and Bid put contestants’ analytical thinking skills, and foresight to the test. The event was met with a lot of curiosity and eagerness to participate. It was a team event, with two members per team. The bid was conducted in two rounds—the quiz round, followed by the bidding round.
The quiz round was designed to assess the participants’ awareness of the various brands that dominate different industrial sectors. The qualifying teams were narrowed down into the top 10, which took part in the bidding round. In this round, contestants were presented with the world-renowned companies and MNCs, along with various products, placed at a base price. They were
familiarised with the strengths and weaknesses of each enterprise. The objective here was to bargain for a company and three products that might prove beneficial to their newly acquired corporation. The catch, however, was that candidates were not apprised beforehand about the kind of companies that were up for grabs. The bidding was kicked off with Microsoft being sold at a whopping 160 crore rupees! The time whizzed by as the contestants drove a hard bargain for these MNCs, ready to put everything on the line for an invaluable stake in these corporate giants. The event was ringing with competitors calling out their prices, and the auctioneers racing to knock down the hammer price. The tenacious bidding of the participants proved to be quite a spectacle for viewers, keeping them on their toes.
Once every team had one company and three products in their possession, it was time for judges to evaluate their performance and declare the winner. Victory belonged to those left with the most capital and whose products proved most beneficial for the growth of their company. Think and Bid was an exhilarating event for both spectators and partners alike.
Swastika Shankar | Staff Writer
Stratagem brought out the entrepreneurs inside the engineers of MIT. The event was centred around establishing successful business ventures in the present times. The participants were given 24 hours to submit a full-fledged business plan for the same. The event got almost 200 registrations, including both groups and individual participants. The event had one round, and the participants had three options to choose from-
- A plan to save the drowning business of stationery stores spread all over the city after the pandemic hit the business.
- A plan to commence the business of a clothing brand once things are back to normal after the pandemic.
- Improving brand value for a backpack seller having only one outlet so that they can expand all over the country amidst the ongoing pandemic.
The category head Nikhil Rayaprolu is the president of MUTBI, a business incubator community and strongly believes in cultivating the spark of entrepreneurship in college students. They got to know many fresh viewpoints and ideas that students in the future could work on.
“We were overwhelmed by the creativity and time-adherence of all our participants. The business reports were very close to real ones and could be presented to investors as well,” said Atharva Kedar, the event head. The event was conducted on MS Teams and was a success overall with great ideas and logical thinking at the prime focus.
The Wolf of wall street
Balaji Ram | Staff Writer
The contest opened up with an introduction to the organisers’ participants; the traders were only allowed to trade in NASDAQ and NYSE stocks. The NASDAQ stock window opened at 9 pm on the first day, and the traders were off to a long night of trading. The event ran for two nights, with traders working hard to gain as much profit as possible. The jury recorded Apple and Alibaba as the most traded stocks. The trades got intense as the market was influenced by the US elections, with every minute being precious. The participants got a real taste and felt how a trader goes about his day. The participants had a discord group to discuss strategies and critical stocks to gain the most profit. It registered over 450 participants and was a resounding success. The title is accurate as the participants fought with each other in a real-time simulation of the stock market to prove who the wall street’s real wolf is. The participants were allotted a paper trading account of a 100,000$, and the trader with the most profit would be announced as the wolf of wall street.
“I’d like to thank everyone who participated; we at the wolf of wall street never expected such a massive turnout!” said Rakesh Taneja, one of the core committee members of the event. The wolf of wall street concluded at 1:30 am on day two of TechTatva when the NASDAQ market shut for the day. The jury was astonished at the numbers they were looking at as the traders had done a great job bringing through proportionate amounts of profit while keeping the equity in proportion.
Featured Image Credits: Social Media and Graphics, TechTatva’20