Our MD, David, has spent the last academic year mentoring his winning team from Dixons Kings Academy school in Bradford.
The 2016 Mosaic Enterprise Challenge has been bigger and more fiercely contested than ever before. 4898 students have competed nationally, supported by 531 business mentors from organisations such as Marks & Spencer, HSBC, Jaguar Land Rover, PwC and Ernst & Young.
After winning the Yorkshire Regional final in April, he took his team to the National Finals in London.
About the Enterprise Challenge
The Enterprise Challenge is an inter-school business competition, which is designed to encourage entrepreneurial behaviour amongst young people, and to inspire knowledge and enthusiasm about business. The competition is offered to secondary school students aged 11-16, and is supported by business mentors who assist students through the different stages of the competition.
These stages focus on
– Business principles, via an online business simulation
– Business ethics, via an online assessment
– Presentation skills, via Regional Finals and Grand Finals
Students begin by playing the simulation, where they aim to bring a product to market and sell it for the highest net profit. They then complete ethical business assessments based on case studies they have been given – the case studies this year came from McDonalds, Toms Shoes and Marks & Spencer.
The five highest scoring teams from each of Mosaic’s six regions are then invited to participate in a Regional Finals event, where they present a unique social enterprise idea to a panel of judges. The best performing team from each Regional Final is then invited to participate in the Grand Finals.
Dixons Kings Academy were pipped at the post and finished in 2nd place out of a total of over 1000 teams that entered. The school received £2k in prize money, and the students all received iPods and lots of ‘stuff’.
We were rewarded with a ‘private’ pod on the London Eye, then a trip on land and river on an Amphibious Vehicle, followed by afternoon tea at Harrods!