Latvia wins SEB business simulation competition

A team from SEB Latvia won this year’s SEB Championship, an online business simulation competition, and will now move on to the BTS Tournaments semi-finals, where they will meet teams from other companies.

The competition is arranged by BTS Interactive, a consultancy company. It is designed for individuals to gain a holistic view on the complexities of running a multinational company, to improve business acumen and financial skills, strategic thinking and learn the importance of team work. Each team has three to five members.

This year one team from SEB Latvia, one from SEB Norway and two from SEB Poland participated in the competition which stretches over ten weeks and consist of five rounds.

“The simulation presented interesting intellectual challenges, some ambiguity and serious number crunching,” says Mārtiņš Krūtainis who leads the Latvian team in the competition.

BTS Interactive arranges similar competitions for other companies and industries around the world and in total 900 teams competed this year. SEB Latvia’s team will now face other winners from the initial rounds in the semi-finals.

Later, the best teams proceed to the BTS World Final, where top three teams are invited to the BTS Awards, held in Cannes on the French Riviera. SEB has participated the competition since 2001 and two teams from the bank have made it to the finals over the years.


About the SEB Championships
The idea with the SEB Championships is to form teams of 3-5 people and have the team run an online simulated company in direct competition with other participating SEB teams for market shares, profits and revenue whereby the best team wins by gaining the most shareholder value. It’s like a flight simulator, only in business!

Simulations are one of the most effective learning methods and BTS Tournaments, developed by BTS Interactive, are a growing trend in the area of corporate management training. You learn by doing through experience, and without real-life risks! BTS Tournament is the leading business simulation tournament in the world.

For further information contact:
James Baker-Duly
BTS, BTS Interactive
James.Bakerduly[#]bts.com
http://www.btstournaments.com/

BTS World Final 2009 - Announcing the Results!

The winners of the BTS Global Semi-finals proceeded to the BTS World Final. All directly involved will agree: this year's Final was extremely exciting!

The Final was held on 5 November 2009, with the best teams from the 2009 Tournament competing for highest shareholder value. All the simulated companies performed at their peak, closing their fourth financial year with stunningly close results. This was the closest it has ever been with 4th and 5th place missing out on their spot in the top three by less than 1% difference!

We at BTS Tournaments are proud to announce the Ranking of the BTS World Final 2009:

1. NOKIA / Finland - Team Uision
2. VIPNET / Croatia - Team Red Devils
3. SYNGENTA / Switzerland - Team Aspire
4. ENDESA / Spain - Team APTC
5. SEB KORT / Norway - Team PLASTIXXX
6. NOKIA SIEMENS NETWORKS / Finland - Team Pohjatyö
7. ANDRITZ / Finland - Team Eagles

From the almost 600 teams participating in the 2009 BTS Business Tournament, these amazing seven teams reached the World Final. So once again, a big round of applause to ALL competing Teams. They held under pressure to prove their business acumen. But unfortunately only the three best teams receive the honours of being invited to the famous BTS Awards. They will traditionally be held in Cannes on the French Riviera, in the Spring.

Thank you everyone involved for another great BTS Tournament Year!

- BTS Tournaments Team