Indian School of Business Team Wins Accenture B-School Strategy Challenge 2023; Check Details Here

New Delhi: A team from the Indian School of Business won the Accenture B-School Challenge 2023. The Indian Institute of Management Calcutta and the Faculty of Management Studies were the challenge's first and second runners-up, respectively. 

A special jury prize was given to a team from IIM Lucknow. 

The seventh annual Accenture B-School Strategy Challenge 2023, which was held recently, focused on the 'Total Enterprise Reinvention theme.' The annual challenge aims to find, nurture, and empower the next generation of consultants who will help organisations reinvent themselves and prosper.

The two-month competition drew around 9,800 students from 16 Top B-Schools in India 2023. Among the participating schools were IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, IIM Indore, IIM Udaipur, Indian School of Business, Faculty of Management Studies, Jamnalal Bajaj Institute of Management Studies, S.P. Jain Institute of Management and Research, XLRI, Indian Institute of Foreign Trade, Management Development Institute, National Institute of Industrial Engineering, and Tata Institute of Social Sciences.

The challenge consisted of four rounds. The first round consisted of a rapid-fire quiz designed to assess the participants' critical thinking and analytical abilities. Following that, students role-played Chief Operating Officers and displayed decision-making abilities linked to driving business success in an interactive online simulation. 

At the end of the second round, ten teams from each institution were chosen. Accenture sponsored storytelling workshops and sector-specific masterclasses for the selected teams in order to assist them improve their presenting abilities and develop a deeper understanding of the business.

In the third round, students presented solutions to specific business concerns from a variety of industries, including consumer goods and services, banking, energy, mobility, life sciences, and communications and media. Accenture leaders then supervised the top eight finalist teams in preparation for the final round, in which they presented their business strategy to the jury.

A jury of top industry professionals and Accenture executives examined the finalists. These included Ajay Seth, CFO of Maruti Suzuki India Limited; Puneet Jain, Suresh Narayanan, CEO and MD of Nestle India Limited; Raghu Polisetty, senior managing director and lead - strategy & consulting global network at Accenture; CEO of Hindustan Times Digital; Sanjay Dawar, managing director, lead of strategy and consulting global network, Accenture in India; Rajkiran Kanagala, president and chief business officer of Transport Corporation of India (TCI) Ltd; Divya Nigam, strategy lead, strategy and consulting global network, Accenture in India.

Accenture has offered pre-placement interviews to students from the top three teams from each of the sixteen participating business schools. In addition, the top three winning teams earned rewards totaling Rs 10 lakh.

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