FIU Business Olympics Packet

BUSINESS

OLYMPICS

BU

SIN

ESS

OLY

MP

ICS

20

12

Event History………………………………………………………………………….2

Registration Form…………………………………………………………………….3

Dress Code…………………………………………………………………………….4

Event Guidelines & Rules……………………………………………………………5

Accounting Analysis & Decision Making (P) .........................................................6

Accounting Principles (O)........................................................................................7

Business Communication (O)..................................................................................8

Business Decision Making (P) ………….................................................................9

Business Ethics (P) .................................................................................................10

Business Law (O)......................................................................................................11

Client Service (P) .....................................................................................................12

Computer Concepts (O)............................................................................................13

Economic Analysis & Decision Making (P)............................................................14

Financial Analysis & Decision Making (P) .............................................................15

Financial Concepts (O).............................................................................................16

Future Business Executive (P)..................................................................................17

Hospitality Management (P)....................................................................................18

Human Resource Management (P)..........................................................................19

Impromptu Speaking (P)..........................................................................................20

International Business (P).........................................................................................21

Job Interview (P)........................................................................................................22

Macroeconomics (O)..................................................................................................23

Management Analysis & Decision Making (P) ........................................................24

Management Concepts (O) .......................................................................................25

Marketing Analysis & Decision Making (P) .............................................................26

Marketing Concepts (O) ............................................................................................27

Microeconomics (O)...................................................................................................28

Networking Concepts (O)..........................................................................................29

Sales Presentation (P).................................................................................................30

Sports Management and Marketing (O)....................................................................31

Statistical Analysis (O)...............................................................................................32

(O) Objective (P) Performance

BUSINESS OLYMPICS 2012

Event History

FIU FBLA-PBL BUSINESS OLYMPICS COMPETITIVE-2

Year One

In 2010, FIU Phi Beta Lambda launched its

first ever university wide competitive event

offering students over 50 competitions to

compete in. Participants who participated in

performance events were expose to recruiters

from companies such Target, Pepsi Beverages

Company, and Enterprise Holdings. This al-

lowed these students to demonstrate their

skills and talents in front of people with hiring

power.

Year Two

A successful first event led to high demands from the FIU student body. Thus, for a second

year in a row FIU FBLA-PBK hosted the

annual Business Olympics. With new com-

petitions and judges representing the state

and national levels of FBLA-PBL, students

exposed their talents to individuals with

years of judging experience. Furthermore,

students in performance events received

feedback on how to strengthen essential

skills such as interviewing and public

speaking.

Year Three

With the unification of the eleven business organization into the Student Leadership Group,

organizations are stronger than ever. This year’s Business Olympics offers new events and

more opportunities for students to receive exposure.


Registration Form


Organization:

Name PID Email Competition

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Registration Form


Organization:

Name PID Email Competition

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Dress Code

Acceptable attire is required for all attendees.

MALES

Business suit with collared dress shirt and necktie; or

Sport coat, dress slacks, collared dress shirt, and necktie; or

Dress slacks, collared dress shirt, and necktie.

Dress shoes and dress socks are required.

A banded collar shirt may be worn only if a sport coat or business suit is worn.

FEMALES

Business suit; or

Business pantsuit (must include a jacket and pants); or

Business dress; or

Skirt with blouse or sweater.

Closed toe and closed heel business dress shoes are required.

MALES AND FEMALES

No jewelry in visible body piercing, other than ears, on men or women!

UNACCEPTABLE ATTIRE INCLUDES:

Denim, chambray, or flannel fabric clothing of any kind

Overalls, shorts, skorts, stretch or stirrup pants, exercise or bike shorts

Low-cut, backless, see-through, tight-fitting, spaghetti straps, or strapless blouses/tops/dresses

Extremely short, tight-fitting, or see-through dresses/skirts

Sandals, athletic shoes, industrial work shoes, hiking boots, over-the-knee boots, or bare feet

Athletic wear, including sneakers and letterman jackets

Hats, Bolo ties, Visible foundation garments


BUSINESS OLYMPICS COMPETITIVE EVENTS

EVENT GUIDELINES & RULES

Performance Events The top three individuals or teams with

the highest scores on the objective

test/preliminary round will advance to the final round. The objective test

score will be used to break a tie.

Twenty minutes before the performance,

each individual or team will receive the

case study.

Two 4” x 6” note cards will be provided

for each individual or team member and may be used during the prepara-

tion and performance of the event. In-formation may be written on both

sides of the note cards. Note cards will be collected following the presenta-

tion.

Objective Events A one (1) hour objective test will be ad-

ministered based on the competencies listed. Non-graphing calculators will be

provided.


No reference materials, visual aids, or elec-

tronic devices may be brought to or used during the preparation or performance.

The individual or team has seven minutes

to interact with a panel of judges and present the solution to the case. The judges will play

the role of the second party in the presenta-tion and refer to the case for specifics. This

is a role-play event.

The teams should introduce themselves,

describe the situation, make their recom-mendations, and summarize their case. All

team members are expected to actively par-ticipate in the performance.

A timekeeper will stand at six minutes and

again at seven minutes.

The final performance is open to confer-

ence attendees who are not performing par-ticipants of this event.


Accounting Analysis & Decision Making

Eligibility Each organization may submit two indi-

viduals or teams composed of two or three members from their chapters.

Earning a degree in a specific field is important to an individual’s future success in the job market. This event recognizes students who possess knowledge across the core curriculum in the area of accounting.

Overview This event consists of two parts: an ob-

jective test and a performance compo-nent. A one hour objective test will be

administered based on the competencies listed. Individuals or team members will

take one objective test collaboratively. Fi-nancial calculators may be used on the

objective test. The case study is an interactive account-

ing role play situation. All questions raised in the case must be answered during the

oral presentation.

Objective Test Competencies auditing

intermediate accounting I & II

managerial and cost accounting

tax

advanced accounting

Performance Competencies demonstrate good verbal communication

skills

answer questions effectively

demonstrate ability to make a businesslike presentation

demonstrate an understanding of the case and explain recommendations

demonstrate good decision-making and problem-solving skills

present a logical and systematic explanation

display self-confidence through knowledge

of content and articulation of ideas

demonstrate ability to work as a team



ACCOUNTING PRINCIPLES

Eligibility Each organization may submit up to three

individuals.

Knowledge of accounting principles is essential in pre-paring for careers in business. This event provides recognition for students who have an understanding of the basic principles of accounting and who give evidence

of their knowledge in solving practical accounting prob-lems.

Overview A one (1) hour objective test will be administered

based on the competencies listed. Participants may bring a financial calculator.

Objective Test Competencies basic concepts, principles, and terminology

measurement, valuation, realization, and presentation of assets

financial statements (balance sheet, income statement)

accounts payable and receivable

ownership structure

worksheets

professional standards and ethics

other financial statements (e.g., cash flow, owner’s equity statement, etc.)



BUSINESS COMMUNICATION


individuals.

Learning to communicate in a manner that is clearly understood by the receiver of the message is a major task of all businesspeople. This event provides recogni-tion for students who demonstrate competencies in writ-

ing, speaking, and listening concepts.


based on the competencies listed. Participants may bring a financial calculator.

Objective Test Competencies mechanics of appropriate business English

(e.g., grammar, punctuation) format and appropriateness of business messag-

es (e.g., letters, reports, memos, e-mail)

format and style differences with international

communications

listening, oral, and nonverbal concepts



BUSINESS DECION MAKING

Eligibility Each organization may submit two

individuals or teams composed of two or three members from their chapters.

This event students who develop competency in manage-ment, decision making, and who demonstrate knowledge of these key principles. This event is based on team rather than individual competition. In addi-

tion to learning and applying business decision-making skills, team participants develop speaking ability and poise through oral presentations.


Overview This event consists of two (2) parts: an

objective test and a performance compo-nent.

A one (1) hour objective test will be ad-ministered based on the competencies

listed. Team members will take one objec-tive test collaboratively. Non-graphing

calculators will be provided. An interactive case study will be given

and consist of a problem encountered by management in one or more of the fol-

lowing areas: business planning, organiza-tional design, economic environment,

short-term and long-range planning, hu-man resource management, financial

management, and marketing manage-ment. All the questions raised in the case must be addressed during the oral presen-

tation.

Objective Test Competencies principles of business ownership and man-

agement (business planning, organizational design, economics, environment, leadership)

business plans

ethics and social responsibilities

financial management

government regulations

human resource management

legal issues

marketing management

taxation

Performance Competencies answer questions effectively

demonstrate ability t make a businesslike presentation

demonstrate ability t work as a team

demonstrate an understanding of the case

and explain recommendations

demonstrate good decision making and

problem solving skills

demonstrate good verbal communication

skills



explanation is logical and systematic


BUSINESS ETHICS

Eligibility Each organization may submit two individuals or teams composed of two or

three members from their chapters.

Ethical decisions are essential in the business world and the workplace. Often, employees must make deci-sions that are not just about what is right or wrong, but rather clarifying vague choices. This event requires

students to organize adequately and deliver a presenta-tion effectively as a team. They should demonstrate critical thinking skills through the careful analysis of the various ethical dimensions that are present in their case study. The case studies are based on real-life situa-tions.


Overview An interactive case study will be given

and consist of a problem encountered. All the questions raised in the case must be

addressed during the oral presentation.


based on the competencies listed. Non-graphing calculators will be provided.

Performance Competencies make ethical business decisions in the busi-

ness world and workplace








skills



BUSINESS LAW


individuals.

This event provides recognition for students who possess familiarity with those specific legal areas that most commonly affect personal and business relationships.


Objective Test Competencies contracts

negotiable instruments

agency, partnership & corporation

bankruptcy

consumer protection and product liability

government regulations

intellectual property

wills and decedent’s estates

ethics

torts

environmental law




CLIENT SERVICE


individuals.

This event provides members with an opportunity to develop and demonstrate skills in interacting with in-ternal and external clients to provide an outstanding client service experience. The client service consultant

engages clients in conversations regarding products, handles inquiries, problem solving, and uncovers oppor-tunities for additional assistance. Participants develop speaking ability and poise through presentation as well as critical thinking skills.


Overview This event consists of an individual inter-

active simulation related to client service.



demonstrate good verbal communication skills

provide ways for clients to solve their problem

translate case int effective, efficient, and spontaneous action


COMPUTER CONCEPTS


individuals.

Understanding of computers is integral to the successful operation of business. This event provides recognition for students who understand the basic principles in-volved in computer technology.


Objective Test Competencies basic computer principles

terminology

hardware

software (applications, operating systems, etc.)

networking systems and procedures

programming concepts

troubleshooting

ethics




ECONOMIC ANALYSIS & DECISION MAKING



Earning a degree in a specific field is important to an individual’s future success in the job market. This event recognizes students who possess knowledge across the core curriculum in the area of economics.


Objective Test Competencies microeconomics

macroeconomics

comparative economic systems

international trade

labor economics

Overview This event consists of two (2) parts: an ob-

jective test and a performance component. A one (1) hour objective test will be adminis-

tered based on the competencies listed. Indi-viduals or team members will take one objec-

tive test collaboratively. Non-graphing calcu-lators will be provided.

The case study is an interactive role play situ-ation.


skills




demonstrate good decision making and problem solving skills






FINANCIAL ANALYSIS & DECISION MAKING



Earning a degree in a specific field is important to an individual’s future success in the job market. This event recognizes students who possess knowledge across the core curriculum in the area of finance.


Objective Test Competencies financial institutions and markets

investments

capital management

financial management/managerial finance

business finance/corporate finance

ethics

Overview This event consists of two (2) parts: an objec-

tive test and a performance component. A one (1) hour objective test will be adminis-



The case study is an interactive role play situa-tion.


skills










FINANCIAL CONCEPTS


individuals.

Social, political, legal, and technical aspects of financial development and management are essential elements for contemporary study in business finance. This event provides recognition for students who understand finan-

cial models and techniques used in reaching effective financial decisions.


Objective Test Competencies financial instruments and institutions

time value of money

cost of capital and capital budgeting

evaluation and rates of return

financial analysis

capital investment decisions

financial risks and returns

international finance




FUTURE BUSINESS EXECUTIVE

Eligibility Only FIU Business organization presidents

are eligible to compete.

The event honors outstanding presidents who have demonstrated leadership qualities, executive potential, and evidence of knowledge and skills essential for suc-cessful careers in business.


Performance Competencies complete letter, résumé





Overview This event consists of a fifteen minute inter-

view. Participating presidents must submit a resume and cover letter.


HOSPITALITY MANAGEMENT



Hospitality is an important aspect of business and society. This area includes involvement in the hotel, restaurant, and tourism industry. This event provides recognition to students who have the ability to help

other people enjoy both leisure and business travel and events.


Objective Test Competencies marketing concepts

operations and management functions

human resources

customer expectations

legal issues

financial management and budgeting

environmental and global issues

current industry trends

Overview This event consists of two (2) parts: an objec-













skills





HUMAN RESOURCE MANAGEMENT



Managing human resources is an important aspect of the business world. Planning is necessary to ensure and anticipate future personnel needs and to secure the needs and rights of the people resources. This event

recognizes students who understand the techniques and skills involved in human resource management.


Objective Test Competencies staff (recruitment, selection, careers, EOE di-

versity)

training & development (performance manage-ment, safety, quality improvement, health)

performance management

employee benefits and compensation (performance, management employee benefits)

labor relations & collective bargaining (union management relations, employee rights, negotiat-ing contracts)

government regulations & issues

(discrimination laws, federal labor acts) Overview This event consists of two (2) parts: an objec-













skills





INTERNATIONAL BUSINESS



This event recognizes students who demonstrate knowledge of the basic principles of management, mar-keting, and economics of international business.


Objective Test Competencies ownership and management

legal issues

communication (including culture and lan-

guage)

global business environment

treaties and trade agreements

marketing

taxes and government regulations

finance

currency exchange

human resource management

Overview This event consists of two (2) parts: an

objective test and a performance compo-nent. A one (1) hour objective test will be

administered based on the competencies listed. Individuals or team members will

take one objective test collaboratively. Non-graphing calculators will be provided.

The case study is an interactive role play situation.


skills






display self-confidence through

knowledge of content and articulation of


IMPROMPTU SPEAKING


individuals.

The ability to express one’s thoughts without prior preparation is a valuable asset, as are poise, self-confidence, and organization of facts. This event recog-nizes students who develop qualities of business leader-

ship by combining quick and clear thinking with con-versational speaking.


Overview Participants will be given a topic related to

current events or relevant business topics. They will then have to defend their stand in

an impromptu style speech.


skills

demonstrate ability t make a businesslike

presentation


display self-confidence through knowledge of content and articulation of ideas


JOB INTERVIEW


individuals.

This event recognizes studnets who demonstrate profi-ciency in applying for employment in business .


Performance Competencies complete letter, résumé




of content and articulation of ideas Overview This event consists of a fifteen minute inter-

view. Participants must submit a resume and cover letter.


MACROECONOMICS


individuals.

This event provides recognition for students who can identify, understand, and demonstrate knowledge about general macroeconomic principles, theories, and con-cepts.


Objective Test Competencies money and interest rates

wages and unemployment

inflation and deflation

gross domestic product

aggregate demand and supply

consumption and saving

fiscal and monetary policies

recessions and depressions

stabilization

government deficit and debt

international trade

exchange rates

economic development and growth




MANAGEMENT ANALYSIS & DECISION MAKING



Earning a degree in a specific field is important to an individual’s future success in the job market. This event recognizes students who possess knowledge across the core curriculum in the area of management.


Objective Test Competencies organizational behavior

organizational theory

management principles

production/operations management

business policies/strategic management

management information systems

Overview This event consists of two (2) parts: an ob-

jective test and a performance component. A one (1) hour objective test will be adminis-



The case study is an interactive role play situ-ation.


skills










MANAGEMENT CONCEPTS


individuals.

For success in the business as either an employee or an entrepreneur, the professional manager must build a solid foundation of business knowledge including its operation and its management. This event provides

recognition for students who possess knowledge of man-agement principles.


Objective Test Competencies controlling

decision making

directing

employee motivation theories

planning

organizing

leadership

business environment

communication techniques

group dynamics

organizational structure

policies and strategies

staffing




MARKETING ANALYSIS & DECISION MAKING



Earning a degree in a specific field is important to an individual’s future success in the job market. This event recognizes students who possess knowledge across the core curriculum in the area of marketing.


Objective Test Competencies consumer behavior

advertising and promotion/sales manage-ment

e-commerce

marketing management

public relations

marketing research

marketing principles and concepts Overview This event consists of two (2) parts: an objec-






skills










MARKETING CONCEPTS


individuals.

Marketing involves the distribution of products and services to the consumer. This event provides recognition for students who possess knowledge of the basic princi-ples of marketing.


Objective Test Competencies basic marketing including price, product,

place, and promotion

marketing concepts and strategies

international marketing

legal and social aspects

marketing research

e-marketing




MICROECONOMICS


individuals.

This event provides recognition for students who can identify, understand, and demonstrate knowledge about general microeconomic principles, theories, and concepts.


Objective Test Competencies production and trade

opportunity cost

supply and demand

elasticity

labor markets and wages

production factors

distribution of income and wealth

perfect competition

monopolies

oligopolies and duopolies

capital and natural resource markets

market failure

economic uncertainties




NETWORKING CONCEPTS


individuals.

Acquiring a high level of familiarization and proficien-cy in working on and with networks is essential in today’s connected workplace. This event provides recog-nition for students who have an understanding of net-

work technologies.


Objective Test Competencies general network terminology

equipment for network access (firewall, DSU/CSU, T1, Wi-Fi, etc.)

OSI model and functionality

network topologies and connectivity

network security

specific network operating systems con-

cepts




SALES PRESENTATION


individuals.

This event is designed to recognize outstanding students in the field of salesmanship. The purpose of this event is to enable students to use their knowledge of good selling techniques and to create an awareness of the

importance of good salesmanship.


Performance Competencies describe product and sell the recommenda-

tions

translate product int effective, efficient, and

spontaneous action

demonstrate good communication skills

possess good decision-making and problem-solving skills

effectively interact with judges

effectively answer questions


SPORTS MANAGEMENT & MARKETING


individuals.

The sports industry is rapidly growing in this country and the world. For individuals to be successful and effective in this type of work, they must learn the man-agement and marketing techniques necessary for future

success. This event provides recognition for students who possess the knowledge of the basic principles of sports management and marketing.


Objective Test Competencies law and sports application

human resource management in sports

facility management

strategic marketing

labor relations in professional sports

ethics

tort liability and risk management

group decision making and problem solving

sponsorships

sports licensing

economics of sports

accounting and budgeting

financing sports

sports management history




STATISTICAL ANALYSIS


individuals.

The ability to use statistical tools and concepts is an important business skill. This event provides recogni-tion for students who demonstrate knowledge of and the ability to apply common techniques and statistical

analysis tools.


Objective Test Competencies organizing and presenting of statistical data

descriptive statistical analyses

probability distributions

sampling techniques

linear regression

confidence integrity

hypothesis testing



FIU Business Olympics Packet

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