Flux Business Plan Competition
FLUX is the UK's largest inter-university enterprise event drawing the most enterprising teams from across the UK together to compete against each other in an enterprise challenge. It is a fast paced business competition which takes you through the process of setting up and planning a business.
Working in a team of six, they are presented with a real-life business challenge at the start of the event. This challenge is delivered to each team in the form of a business scenario which describes a specific business situation that the subject organisation has to overcome. In the past these challenges have included:
• Managing geographic expansion
• Increasing market share
• Managing an ethical profile
• Changing customer attitudes
A strategy is developed related to the specific challenge over the day using Xing (this stratagy board seen in the photographs below)
and a series of workshops. The team gets the chance to bounce their ideas off business experts in key business areas before pitching your strategy to a judging panel.
Put under pressure throughout two days of intense activity but the competition is enjoyed hugely and participating has been known to help get ideal jobs when graduating - or even see what it's like to be your own boss.
As with all Working Knowledge events a range of business experts will be in hand (with their business heads screwed on) to giving a helping hand and support with their business knowledge.
Students aren't judged on what they already know about business, but how they perform as a team, how well the advice given is used, and whether strengths and weaknesses are recognised.
No matter what degree subject you are taking, you can enter FLUX. It's not just for business or economics students. Last year students from over 170 degree subjects took part.
For more information CLICK HERE FOR www.flux500.com or Email: student-enterprise@bath.ac.uk for more information
A comment by a Flux candidate:
I think Flux was a really good experience.
1. I think we were a great team, not to mention, I made some super friends on the trip. This really helped me to analyse how a team works and brushed up my team business skills.
2. The competition was itself very good. It gave me an insight into businesses and I picked up some excellent business ideas (from other teams)!
3. The competition gave me a chance for networking as well and gave an opportunity to get hold of a few contacts which can be further used for my career.
4. The trip also introduced me to a few new cultures and it was amazing to meet these people.
Overall, I enjoyed myself and would certainly recommend it for the next year.