Now in its third year, L’Oreal’s e-Strat challenge has become one of the most popular on-campus events – anticipated by college and university students around the world. The “Challenge,” as it is called by those familiar with this online game, began play on January 13th, 2003, following almost two months of registration that saw over 17,000 students from 80 countries and campuses as far away as Kyrgyzstan and as close as New York, sign up to compete.
This year the U.S. was among the top countries leading the way in total number of teams registered and ranked number one in number of teams chosen to compete. Eighty-seven U.S. teams are currently engaged in the competition from such prestigious business and undergraduate colleges and universities as:
o Kellogg – 12 teams
o Stern – 7 teams
o Haas – 4 teams
o Chicago – 4 teams
o Harvard – 2 teams
o Wharton – 2 teams
o University of Pennsylvania – 2 teams
o Northwestern – 2 teams
o Carnegie Mellon – 1 team
L’Oreal’s e-Strat is an annual business competition that allows students to put the theories they are learning in the classroom into actual application, through a realistic online simulation. The simulation places students in control of a global cosmetic business where managerial skills, the ability to make critical decisions, strategic thinking and leadership potential are all put to the test during six rounds of competition over the course of eight weeks.
Each team, comprised of three students, does not compete directly against each other, but rather against four virtual cosmetic companies vying for market share. For the first time this year, winning teams from each of the 5 geographic zones will be invited to L’Oreal’s Paris headquarters, to present their strategy and business plan before a distinguished panel of judges who will then select the overall winners.
Three teams will emerge as the international winners and another 9 teams will receive special recognition in the final round of competition, which takes place on April 22nd.
For updates on team standings and other information on the competition log on to www.e-strat.loreal.com