All India Management Association (AIMA) in collaboration with Rai Business School (RBS) conducted the 16th National Competition for Business Management Simulations from May 29 to June 4, 2007 at Delhi. During the award ceremony of regional round, AIMA Director, Mr. Kamal Singh said, "Chanakya: A Business Game paves the way for the development of managerial acumen in budding professionals." Mr. A. Mahapatra Director HR, MMPTC was the chief guest of the grand finale of regional round. Rai Foundation Managing Director, Mr. Suresh Sachdeva, was also present at the award ceremony.

Mr. Suresh Sachdeva said, "Indian economy is growing with scorching pace. Now, the telecom sector expansion in India is faster than China, which speaks volumes." He added that simulations help build team spirit in the participants, which was very important in critical decision-making. Emphasizing the importance of teamwork, he said, "For growth, India requires professionals who are apt in team work instead of individual work."

Mr. Mahapatra said, "With the help of my long experience in management, I can say that decisions make or break organizations. The simulations help inculcate decision making ability in crunch situations." These management games are based on simulation of real business environment. Participants are confronted with business issues such as to develop a strategy, execute tactics, analyze competitors, and see the business effect of such decisions.

Chanakya is a computer simulated business management game based on specifically created scenarios that focus on developing business acumen and to hone decision-making skills of participants. The game is spread over five rounds and takes two days to complete. Participants of the game are drawn from different functional areas. The teams of Indian Oil Corporation Ltd. (IOCL) got first runner up and runners up trophy of Group A. National Thermal Power Corporation emerged winner in Group A. The team of Reliance Industries clinched the winning slot in Group B. The winners of the regional round moved to national round. Mr. Singh said, "the participation itself is a victory and winning and losing matters little, what matters is learning." He also appreciated the role of all the RBS faculty and students of Delhi Campus who contributed to make the event a great success.

Rai Business School is a part of Rai Foundation. Rai Foundation is a non-profit body set up to address various socio-cultural concerns of India and its people. With India's largest network of professional colleges and 10 campuses across the country, Rai Foundation is committed to make India a knowledge superpower. It nurtures talent by offering several scholarships to the meritorious and needy, especially underprivileged / orphan girls every year. Rai Foundation was the first in India to launch Rai OpenCourseware - FREE online study material - that made world-class higher education within the reach of one and all throughout the world.