Step 6: Contest rules

How were the competition rules formed?

Interested in how the competition rules were formed? Read on and we’ll show you! Based on the benchmarking analysis (see previous the previous point), Ulysses partners derived core features for Ulysses Contest. You can check how the first draft looked like here. In a subgroup meeting, ideas were discussed, and a preliminary competition set-up was formulated, which you can check out here.

Let’s quickly summarize the preliminary competition set-up:

a. Organization: digital platform, timeframe, rounds of competition, judging, awarding ceremony
b. Contest Structure:
  • i. Teams: the online registration will be open from January 1st to March 20 th 2023. Students can either register alone or in pairs. Students need a picture and personal data for registration.
    Teams of 4 students will be created. There will be an online group for each team that students can communicate with their team mates directly.
  • ii. Case competition will consist of two rounds
    First round: 11-25 April 2023
    Teams will randomly receive a case study on a family business’ real life problem to create a possible solution based on case specific questions.
    Second round: 2-23 May 2023
    The winning teams of the first round will move further to the second round. In this round all teams work on the same case.

Result should be a written solution with 5-6 pages and a short video presentation.
c. Judges
  • i. A Jury consisting of the Ulysses committee and family firm entrepreneurs will judge the handed in solutions of teams.
  • ii. The cases will be judged concerning the level of creativity, innovativeness and feasibility/implementability.

d. Prizes
Awarding ceremony will be online 23 May 2023. This event will be featured by external sponsors as family firms that participated. There will be prizes for each round. For the first round, the best team per case will receive a prize. For the second round the best overall team will be honored.


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