Are you ready to test your entrepreneurship skills against other Collegiate DECA members?
Registration opens soon for the Fall 2022 Collegiate DECA Virtual Case Simulation Competition from Knowledge Matters! The Case Simulation Competition gives college students an opportunity to compete online for a chance to win up to $500 in scholarship prize money! The challenge is available to all college-level students who are current Collegiate DECA members; participation is free. Registration opens on Monday, October 24, 2022.
Through Case Simulations, students apply key business concepts learned in class and during lectures in a zero-risk, game-like virtual setting. They are able to see the impact of their decisions immediately in a simulated environment and test strategies multiple times as they attempt to build and run a profitable business.
PARTICIPATION
The 2022 Collegiate DECA Virtual Case Simulation Competition challenges participants to test their skills at building their own entrepreneurial business.
As entrepreneurs within this competition simulation, students are in charge of doing the research, spotting the opportunity and starting their own business venture choosing from six different business options.
Competitors will conduct surveys, analyze industry competitors, research the labor supply, raise capital and form their business. Competitors will be responsible for choosing their product offerings, setting prices, acquiring resources, organizing their business layout, building their team, and creating effective advertisements. Participants will be able to open a maximum of two businesses, and they will work to grow their business to a successful and profitable level.
The simulation runs through two virtual years. Competitors’ score is based on their personal net worth and participants may retry the simulation competition multiple times as they learn how the simulation works. Only their best score will count.
REGISTRATION
This year's challenge event will be based on the Case Simulations Entrepreneurship program. If your members already have online Knowledge Matters accounts, they will not have to register for new accounts, but they will have to register for the competition.
Students may register themselves beginning on October 24, 2022. DECA Inc. will approve your registration based on your current membership status. To confirm your membership status, please contact membership@deca.org.
All participants will have access to the challenge simulation starting on November 7, 2022. Register early so that you may begin participating right away!
RECOGNITION
The first through third place top-ranked members will win the following awards sponsored by Knowledge Matters.
- 1st Place: $500
- 2nd Place: $250
- 3rd Place: $100
TIMELINE
The dates and details for this year’s qualifying round:
- Registration Opens - Monday, October 24, 2022
- Competition Begins - Monday, November 7, 2022 at 10:00 a.m. ET
- Competition Ends - Friday, November 18, 2022 at 5:00 p.m. ET
RESOURCES
For complete details and rules regarding the DECA Case Simulation Competition, please visit the Knowledge Matters website. Have fun and good luck to all Collegiate DECA chapter members! For more tips and advice, follow Knowledge Matters on Facebook and Twitter.
- Knowledge Matters Student Testimonials
- Knowledge Matters YouTube Channel
Questions?
Knowledge Matters is the leading provider of cloud-based, educational simulations for business (food service, hospitality, retailing, sports management and manufacturing) and personal finance. The company’s Virtual Business line of simulations has been used in over one-third of all the high schools in the United States.
