Team “Intemporelle” wins the fifth Deloitte Accountancy Entrepreneurship Challenge

Diegem, 14 March 2015 – Last weekend, Team “Intemporelle” from Ghent triumphed in the final of the 5th Deloitte Accountancy Entrepreneurship Challenge, zFacebook_ChallengeDSC_5278thereby winning a city trip to Chicago.

Over 200 students from all over Belgium participated in this annual competition, divided into 48 teams. The set-up? Students manage a virtual company online and present their final results and vision of the future via an oral investment pitch before a jury of potential investors.   

This 5th edition coincides with Deloitte’s ´Tomorrow is Today´ campaign, which seeks to furnish tangible insights and examples about how companies can prepare themselves for the new entrepreneurial reality. Against this background, the Entrepreneurship Challenge wants to prepare students for the start of their professional careers.

This year saw the 5th edition of the Entrepreneurship Challenge. This competition is addressed to students in accountancy, economics or similar financial majors doing a master’s or in their final year of a professional bachelor’s or transitional programme. They vie with one another in a segmented, competitive market and attempt to create the best virtual company. A total of 209 students in 48 teams took part this year.

The final round of the competition took place last weekend in the Deloitte headquarters in Diegem, after the previous rounds had been held in Deloitte’s regional offices in Antwerp, Charleroi, Ghent, Brussels (Diegem and Jette), Leuven, Hasselt, Kortrijk and Liège. In Diegem, the finalists made their pitches in front of a panel of investors, composed of shareholders and directors of Deloitte Accountancy. Team Intemporelle scored very high in the business game as well as in the investment pitch. Gilles Stevens, Stéphanie De Wispelaere, Paulien De Visscher, Barbara Coussée, Charlotte De Knudt (University of Ghent) and their coach Sven Tremmerie are already looking forward to their trip to Chicago!

Intemporelle: “For us, the Deloitte Entrepreneurship Challenge was an unforgettable learning experience! The competitive feeling and the tension after each round were intense. Along with the professional involvement of our coach Sven Tremmerie and the outstanding organisation of Deloitte, we were really able to experience everything that goes into running a company and we keenly felt the need for relevant reporting of results and financial KPI´s, like what Deloitte Accountancy does day after day for its clients. We’re delighted that our efforts were rewarded with first place!”

“BRIKS”, a team composed of commercial engineering students from the KU Leuven, ended up in 2nd place. Despite their fantastic presentation and with only a few points of difference, ultimately they had to acknowledge the superiority of the winners. The impressive pitch of Team “Bel´Watch” secured them a well-deserved third place. With this the Brussels students from Ephec rose no fewer than eight places in the ranking after the fifth round was completed.

The Deloitte Accountancy Entrepreneurship Challenge gives students an opportunity to take their theoretical knowledge one step further as part of a highly interesting practical exercise. The competitors form the management team of their own virtual company and are required to take decisions in all relevant areas of the business (purchasing policy, pricing policy, marketing, HR and finance policy) in order to manage the company to the best of their ability, while at the same time strengthening their competitiveness and financial position and attracting investors to fund their growth. Over a series of five rounds, the students compete against one another on the same market in an online environment. This year the chosen market was watches, and the teams had to address four different market segments: sports watches, modern watches, smart watches and luxury watches.

Throughout the Challenge, the students are also supported by a coach from Deloitte Accountancy.

Nikolaas Tahon, Managing Partner of Deloitte Accountancy, was delighted with the results:“With this business game we want to bridge the gap between the university education and the professional career. The competition offers a unique chance for enterprising young students to strengthen their entrepreneurial abilities and assess their potential as future accountants or financial consultants. It’s inspiring to see how much energy and creativity there is in the current generation of students, something we at Deloitte Accountancy can only applaud.”   

Pictures are available on the Facebook and Flickr page of Deloitte Fiduciaire.

It’s time to take up the Entrepreneurship Challenge!

Deloitte Accountancy organises the Entrepreneurship Challenge, for the fifth time a business game for students with an economic, accountancy or other financial background.

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During three sessions, you and your team will have the opportunity to manage your own virtual company that produces watches and make decision in all relevant business areas, such as finance, HR, marketing, logistics, etc.

During the challenge, every team will be appointed a Deloitte coach. The team that can convince the panel of investors during the finals on 14 March, will be awarded a trip to Chicago! Will you be able to establish the company that stands out?

Dates: 26 February(from 17.30 – 21.30), 5 March (from 17.30 – 21.00) and 14 March from 10.00 – 16.00.

Locations: Deloitte office of your choice: Antwerp, Bruges, Brussels (Jette or Diegem), Charleroi, Ghent, Hasselt, Kortrijk, Leuven or Liège.

All information is available on www.deloitte.com/be/bizzgame15 or on the Entrepeneurship Challenge Facebook app.

Chicago: Last hours..

Guys,

Here we are, our last day in Chicago is now a reality and we have to pack (already?) our luggage.

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This morning we got up really early, and decided to go on Michigan Street to do our shopping and of course spend every dollar left.

After 4 hours of intense shopping, we had to eat, and decided to go to Shake Shak Burger, which was obviously really famous over here, considering the queue in front of the restaurant!

We had to wait 30minutes in a freezing weather to get burgers and French fries; it was good but a little bit too fat for our Belgian stomachs.

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We just got enough time to get our suitcase from our hotel and went straight to the airport.

Right now, we are in the plan back to Belgium, we should land in about 7 hours, and how to say… This trip was amazing.

We would like to dedicate those lines to thanks Deloitte for this crazy prize we won: everything was perfect, the hotel had the best location we could expect, we had a great time in Deloitte’s office and we even receive money pocket for our expenses in Chicago.

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 Again a big thanks to Deloitte, and especially to Frederick who organized our stay there, to Lauren who received us and wrote a notice about Chicago to give us advice on Chicago best locations, and to Deborah who took some time to receive us.

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If you want guys to live the best experience of your life, just get your chance and sigh in for Deloitte Entrepreneurship Challenge.

Chicago: Day 3

Hey,

Today, we decided to split the group in two; the first group went to the Sheed aquarium the second went to thrift shops.

The weather was really cold and windy this day, so indoor activity was more than welcome.

We decided to get the full tour of the Sheed aquarium, and we were glad we did it. It took us about 4 hours to visit the whole aquarium as thousands and thousands of different species are represented.

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The aquarium is separated in smaller rooms, in accordance with the fishes’ origins, we have seen the wild reef of the Caribbean, the lake’s fishes and so many different types of fish, we went to the Amazonian zone (SPOILET ALERT: it was our favorite spot) we got the chance to look to piranhas, frogs with amazing colors, and even a huge anaconda.

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The rest of the team went to do thrift shopping, but was quite disappointed about them, the gap between what they thought we could find in an American thrift shop and what they actually found was big.

All team members met to get lunch, and we had a walk down Chicago street.

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After 4 p.m. we were really tired and decided we wouldn’t do too much for the day and in order to be at 100% for the last day in Chicago.

Chicago: Day 2

Hello Guys,

As we told you, yesterday we have been invited by Deloitte to get a breakfast and a tour of the offices.

Lauren who is taking care of the public relation was waiting for us in the building lobby.

First we were hosted in a meeting room to get some snacks/food, and got the huge privilege to meet Deborah L. De Haas, who is the vice Chairman of Deloitte, the Chief inclusion Officer and the national managing Partner of the center for corporate governance… Yes just that!! So you can imagine how honored we felt to get a speech about her job, and the projects she was in charge of.

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Then we got a tour of the green house. We guess you’re wondering what could be a “green house”, so we did. Basically it’s a place, which is dedicates to “grow ideas”. The space is fully flexible to fit the client’s code/spirit; lights can be customized as the walls and so on. All efforts are done in order to create interaction between co-workers, to help them to solve problems (analytical lab, leadership lab, etc.). The tool that really caught our attention was a 3-D printer, which allows Deloitte’s customers to visualize their projects, help them out to lower the price of their supply chain, or, basically, rethink their business model!

After those exiting activities, we decided to get some rest at the hotel, to be in good shape to support the Chicago Bulls against Detroit Pistons.

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Here the best part of the day, the Chicago Bulls game was about to start and wouahh it was breath taking, the united stadium is HUGE (circa 22 000 people can hold inside those walls) and supporters were wearing the team colors.

We really enjoyed the game and every single show to keep us motivated while the time out or breaks were occurring. Each break was different, as we enjoyed the cheerleader show; the team’s mascot was keeping the energy up and was really interacting with the audience.

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As new fans of the Bulls, we are proud to announce you the score: 101 to 91 for the Bulls!

Chicago: First impression

Hello guys!

From our stunning view through the window of the hotel, we share with you our first impression of Chicago. First of all, we would like to thank Deloitte for organizing, last year, the Entrepreneurship Challenge.

It was only by an inch we won but we are delighting every moment we spend here: our trip started yesterday morning (around 6 a.m.) from Liège, and after (only) 13 hours (!!!!!), we were checking in at the Best Western River North Hotel at Chicago. So excited to see, observe and feel the city that we forgot to write you how we are doing, but, to be honest, after this long journey, getting diner and having some rests were our first priority!

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Today, we wake up and still couldn’t believe we were actually in the US. We decided to get an architecture cruise to discover Chicago’s history and main building. Did you know some of the greatest architecture in the world was from Chicago? Some of the finest building engineering was tried first here? Even if the weather was really cold, we really enjoy this 2 hours tour.

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The rest of the day was dedicated to do some shopping at Madison Street in the Water Tour Mall (obviously very famous by the “knower”) and visiting the Navy Pier, one of the biggest attraction sites in USA (unfortunately close for the season).

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It is now 8.15 p.m. and we decided to spend some time at the hotel’s pool and do a blind test to chill a bit ;).

Stay tuned, tomorrow we are going to visit Deloitte’s office (the biggest in the whole US), which kindly invited us for a breakfast, and then we’ll go to support the Chicago Bulls against Detroit Piston (so promising!).

Xoxo Belgium!

Team “SB&D” wins the 4th Deloitte Accountancy Entrepreneurship Challenge

Diegem, 3rd April 2014 – Team SB&D Afbeelding(Superior Beverages & Drinks) from Liège triumphed in the final of the 4th Deloitte Accountancy Entrepreneurship Challenge last weekend. This competition, involving 26 teams and more than 100 students from all over Belgium, encourages the participants to set up a virtual company and manage it online. Team SB&D has won a trip to Chicago. Deloitte Accountancy uses a variety of channels to support and stimulate entrepreneurship among young talent, as well as among the young holders of master’s and bachelor’s degrees, whom it also hires every year through entrepreneur initiatives such as Bryo, SO , Idealabs and Fast50.

This year saw the 4th edition of the Deloitte Accountancy Entrepreneurship Challenge, with teams made up of master’s and final-year bachelor’s accountancy, economics and finance degree students pitting their wits against one another in a business game to create the best virtual company.  26 teams took part in the Challenge this year, with a total of 110 students.

The final round of the Challenge was held last weekend at Deloitte in Diegem, after the previous rounds that took place in Antwerp, Charleroi, Ghent, Jette, Leuven, Hasselt, Kortrijk and Liège. In Diegem, the finalists made investment pitches as part of live presentations in front of a panel of fictitious investors made up of partners and directors of Deloitte Accountancy. Team SB&D, with coach Gary Rodriguez, scored extremely highly in the business game as well as in the investment pitch. As a result, the three team members – Cédric Lagarrigue, Youri Hannon and Chloé Carlier (all students at the HEC Management School at the University of Liège) – can now look forward to their trip to Chicago.

SB&D: “We are very grateful to Deloitte for its flawless organisation – and especially for giving us the fantastic opportunity to take part in this business game and for the coaching we received while it was going on. We reckon the Deloitte Entrepreneurship Challenge should also be called the ‘Deloitte Exciting Experience’!”

“Chicago Beverages”, a team of students from the Applied Economics faculty at Ghent University, finished in second place. Despite their fantastic presentation, it was by just a few points that they had to make way for the eventual winners. The team ranked third were the Limburg pirates of “Black Sails” (KH Limburg), who were narrowly edged out in the Facebook movie battle by the Liège team, DriNjoy.

The Deloitte Accountancy Entrepreneurship Challenge gives students the opportunity to take their theoretical knowledge one step further as part of a highly interesting practical exercise. The competitors form the management team of their own virtual company and are required to take decisions in all relevant areas of the business (purchasing policy, pricing policy, marketing, HR and finance policy) to manage the company to the best of their ability, while at the same time strengthening its competitiveness and financial position and attracting investors to fund corporate growth. The various rounds of the business game saw the students compete against one another in the same market in an online environment. They were also supported throughout the Challenge by a coach from Deloitte Accountancy.

“We use this business game to appeal to the entrepreneurial spirit of the next generation,” says Nikolaas Tahon, Managing Partner of Deloitte Accountancy. “It is reassuring to see how this challenge brings out the best in young people. There is still an awful lot of great young business talent out there in Belgium, which is what we aim to encourage in every way at Deloitte Accountancy.”

Pictures of the final day are available at the Facebook page of Deloitte Fiduciaire or our Flickr page.

Access the press release here.

Published on 30 March 2014