SP JAIN'S EVENTS

Topics

see all

When Football Meets Business at Singapore Campus

 

The term ‘business’ can be found everywhere in the sport. It’s on the jersey, in the stadium, in the heads of the players, managers, and especially the owners. Each week, millions of dollars are transacted across clubs, fans and ticket offices, and sponsors. If there is a potential for money making, someone will have taken it.

Soccer – it’s all about business

Organised by the Global Learning Team, the S P Jain Football Competition is the continuation of the 1st edition of this tournament with the inclusion of an auction process in order to make it a sound business simulation. The auction mimics the bidding of players to play in the various teams.

The term ‘business’ can be found everywhere in the sport. It’s on the jersey, in the stadium, in the heads of the players, managers, and especially the owners. Each week, millions of dollars are transacted across clubs, fans and ticket offices, and sponsors. If there is a potential for money making, someone will have taken it.

Soccer – it’s all about business

Organised by the Global Learning Team, the S P Jain Football Competition is the continuation of the 1st edition of this tournament with the inclusion of an auction process in order to make it a sound business simulation. The auction mimics the bidding of players to play in the various teams.

football1.jpgfootball2.jpg

Team managers/owners compete amongst themselves to form a team of their choice. All the students who wanted to be the team managers/owners are invited for a bidding process. Each prospective owner is given a fictitious amount of SGD 60 Million and is required to bid for players.

Thereafter, the teams take to the futsal field and compete against one another. Simulation of an auction process is aimed at bringing out the below mentioned skills:

1. Decision making
2. Leadership
3. Strategizing
4. Change management
5. Budget allocation/ forecasting
6. Negotiation skills
7. Team Building
8. Resource management
9. Professional approach to a business event

The competition ran for four weekends and the finals were held on the 19th of June, Sunday.

 

Bridging football to business

When asked about the most arduous task in the tournament and how they overcome them when it comes to strategizing the moves for the team, the students were able to identify some of the key concepts like strategy and teamwork. These traits are also crucial in today’s business world. In summary, this competition not only instils leadership qualities, teamwork and great strategy implementation, it also promotes an active lifestyle through sports.
“We have to make sure that everyone in the team gets a chance to play, even when we are not in a good position in the tournament. We need to understand the kind of players in the team and come up with team strategy on field based on their strengths”.

“The battle is never over till the end; you are only as good as your team. Strategy is pointless if the team is not together.”

 

RELATED EVENTS

SP Jain Toastmasters Club Meeting Highlights
SP Jain and Monash University collaborate for Business Case Study Competition 2022
Watch the Virtual Graduation Ceremony of SP Jain’s Class of 2021
Graduating in a post-COVID business world – SP Jain hosts Alumni Mixer in Singapore
Global MBA students showcase industry projects at Corporate Partner Meet 2020
SP Jain students emerge as champions at the NTU MBA Olympics 2020
An Evening of Learning and Networking – SP Jain hosts Alumni Mixer in Singapore
Gaining insights on New Market Entry with Coca-Cola
Learning what’s disrupting business with Oracle
Understanding operations and supply chain at Kuehne + Nagel
Students present industry projects at Corporate Partner Meet 2019