Doha: Following the success of the 2013 Enterprise Challenge Qatar Programme, Bedaya Centre signed a three-year memorandum of understanding with Qatar Shell this summer to expand the programme in universities and schools in Qatar.
Raed Al Emadi, Vice-Chairman of Bedaya Centre, said: “The future of Qatar is enterprise, so we are delighted to expand the partnership with Qatar Shell on ‘The Enterprise Challenge Qatar’ initiative, following our success in previous years. Through promoting entrepreneurship as a viable alternative among young people in Qatar, the competition aims to support a thriving private sector. By investing in future generations we are sowing the seeds of an enterprise culture that will help to realise Qatar’s vision of knowledge-based society”.
Enterprise Challenge Qatar (ECQ) is a unique annual competition that aims to teach university and school students about setting up and running a business using a business simulation game. The competition is unique as the students who participate benefit from bring mentored by experienced business professionals who give them the benefit of their extensive business experience.
Mentors for this year’s programme were trained in May and June, with their last training sessions being delivered in August. The ECQ competition involves a series of intensive mentoring sessions and workshops provided by around 100 volunteer mentors, many of whom are Qataris trained by Bedaya and Qatar Shell.
The competition starts in September and runs until November for universities and to December for schools, with the semi-finals taking place a month before the finals for each group. Schools and universities enter teams of three to five students.
This year, Bedaya and Qatar Shell are targeting around 700 students from nine universities and 12 schools in Qatar for the challenge. Winners of the universities finals will be announced during the Global Entrepreneurship Week (November 17-23), which will be followed by the schools finals in December.
Initially, the competition has two key elements, with students receiving mentoring on ethical and responsible business and business simulation. The latter teaches students key business principles as teams play an online business simulation game to produce, market and sell one of five products. Students learn the entire gambit of how to run a business from inception to implementation, finance considerations, sales, marketing and production.
The next stage runs from mid-October to the end of the month for universities and from mid-November to the month-end for schools, after which the teams’ performance will be assessed to identify the highest scores.
The last stage comprises the grand finals, when the finalist teams in both universities and schools play the online simulation game once more, with teams recording the day’s highest score declared winners. Teams compete in a set of tasks and the overall winners are pronounced national champions.
The Enterprise Challenge attracts experienced mentors who volunteer from a range of professional backgrounds – either business managers or executives from professional services firms, leading banks or law firms. Mentors support teams of three to five students across six one-hour mentoring sessions. Typically they attend evening training sessions, planning and mentoring sessions and imparting their wisdom on business aspects.