The Tournament in Management and Engineering Skills (TIMES) – a European student competition focusing on case solving in teams – has been arranged every year since 1994. During the competition, the team from the Chalmers School of Entrepreneurship analysed how one of Google’s Chinese competitors should manage growth, and how the hotel industry can use social media to its advantage. They were so successful that they’re now going to the finals in Munich at the end of April.
The Tournament in Management and Engineering Skills, TIMES, is a case competition for students who study industrial economics. It’s arranged every year by European Students of Industrial Engineering and Management (ESTIEM) and is the largest European competition of its type, with approximately 250 teams participating. The competition consists of three rounds, where local selections are first arranged in over 70 different cities around Europe. This is followed by seven semi-finals and the winners go on to the April finals in Munich. Apart from generous prizes from the sponsors, the winning team also receives the “IEM Students of the Year” award.
After a couple days of hard work, the team from Chalmers emerged victorious from the semi-finals in Kaiserslautern, Germany, and was thus ready for the finals. The team consists of Alexander Leppänen, Nigel Wong, Oscar Petersson, and Fredrik Jern, all of whom are studying the master’s programme Entrepreneurship and Business Design at Chalmers.
Focus on understanding the problems
In the first round, the team solved one case. In the semi-finals, they went through two cases over two days andnow, in the final, the bar has been raised further and the team has to deal with three different cases before the winner is named.
– After we’ve solved a case, we usually do an internal evaluation of the work where we talk about what went well and what we should think about for the next time. Then we talk through it again just before we have a go at the next question. This has turned out to be perhaps the most effective and rewarding preparation for us. We’ve also been coached by McKinsey, which is one of the world’s largest management consulting firms on strategy issues, and gotten a whole range of useful tips, Alexander says.
European Students of Industrial Engineering and Management (ESTIEM) is the organisation for European students in industrial technology and management, a subject that combines an understanding of technology with leadership skills. The goal of ESTIEM is to establish and promote relations between students throughout Europe and support them in their personal and professional development. The network consists of 68 local groups in 26 countries, and reaches some 50,000 students.
The Chalmers School of Entrepreneurship conducts internationally respected education and research into innovation and entrepreneurship. This year, the Chalmers School of Entrepreneurship is celebrating its 15th anniversary andhas grown into an established master’s programme that takes in 50 new students annually. Currently three different tracks are on offer and a leading business incubator, Encubator AB, which supports students in business development, has been established together with Chalmers Invest.