Ludger Röhm, exchange student, FAU Erlangen-Nürnberg (DE)
During my last Semester at UCT I had the chance to take a course in Managerial decision making at its School of Business. This course was an eye-opener to the science behind taking decisions. It brought me the realisation that decisions can be mathematically quantified and risk can be treated with much more awareness and clarity than just by "gut feeling".
Part of this course was the MarkstratX business simulation. This game is a competition between several teams for market supremacy. The focus is put on smart and future-oriented decision making as well as rational and thoughtful analysis of the competition. The best performing teams would then go into a "Dragon's Den" type scenario in order to sell their fictive companies to real investors. Great teamwork is imperative to do well in this simulation.
I am happy to announce that my team, with me acting as CEO not only outperformed all 9 other teams by a significant margin but also got 3 out of 4 votes from the "Dragon's" as the company they were most likely to buy.
Working on this project was an absolute pleasure and fed my desire to take charge and succeed. I have learned a terrific amount about leadership, team dynamics and alignment, project management and competition analysis on top of getting the chance to work on my decision making skills!
Thank you to the Vysoká škola chemicko-technologická v Praze school of business for making this possible and Lenka Svecova in particular for being an amazing teacher. I appreciate my experience alot and it has been a great addition to my studies in chemical engineering at FAU Erlangen-Nürnberg. I feel more prepared for the future to come!