A student team from IIT KGP has won the Marketing Challenge in partnership with Unilever during Solvay Business Game held in March 2016 at Brussels, Belgium. 400 participants from 25 countries were selected for final round. The wining team is from the student society called IIT Kharagpur Business Club. The team members are Nishant Jayaswal from Dept. of Biotechnology and Manik Aggarwal from Dept. of Agriculture and Food Engineering, both studying in 3rd year.
In the 4 hours event of marketing challenge the team from IIT Kharagpur Business Club was partnered with 3 MBA students from UCL Belgium and one M.Tech. student from KUL Belgium as allocated by the organizing committee on a random team selection basis.
The problem statement was centred on compressed deodorant cans that Unilever has launched. It was facing certain problems, such as people weren’t able to differentiate between compressed cans, which work equally well as the mini cans, launched by competitors of Unilever. The solution of the team from KGP was to change the shape of the compressed cans in order to create a different brand image for these compressed cans by Unilever. The team provided detailed explanation of their selection for Unilever’s Dove product along with financial quantification.
Another team from IIT Kharagpur became runner up in the Negotiation Challenge. Team comprised two 3rd year students Dhruva Ratanpura from Dept of Electrical Engineering and Murtaza Phalasiya from Dept. of Industrial and Systems Engineering. There were two more teams from IIT Kharagpur. Teams from IIM Ahmedabad and IIM Bangalore also participated in the Online Challenge of the event.
Solvay Business Game is Europe’s largest student case competition organised by Solvay Brussels School of Economics and Management, Belgium, in partnership with McKinsey & Company. Consisting of 6 challenges spread across the entire spectrum of business world including marketing, strategy, negotiation and pitching, the event witnessed a participation of over around 1200 students across 25 nationalities from prestigious undergraduate and post graduate institutes across the globe.
The event witnessed the presence of people like the Director of and the CEO of Unilever. Geoffroy de Myttenaere, Partner at McKinsey Brussels said, “Solvay Business game is the No. 1 business game in Europe which collaborates with students with diverse backgrounds and it is great platform for future business leaders to compete and learn from each other. McKinsey always looks for talents and Solvay Business Game is a fantastic opportunity to meet talented young minds whom we may have missed otherwise. We are interested in economists and business engineers, lawyers, engineers and management consultants who are interested in careers at McKinsey and let them know we are looking for them. We not only look for fresh graduates but also experienced professionals.”
Source: iitkgp.org