Long time has passed since the last blog entry and there is much news we want to share with you.

First of all, we would like to thank all our participants, sponsors, ambassadors and other dear helpers without whom Peak Time would have been simply impossible. Thank you all once more guys!

Moreover, new Peak Time organizing team has been elected Anete, Martin, Aiste, Modestas, Marta & Raivis are all more than happy to make Peak Time happen this year. Even more, they promise you all a lot of surprises, some changes and much fun! Actually, you will be able to find more information about each of them starting from Anete later on on this blog.

Wish us luck and let all of us meet in spring 2010 at SSE Riga for Peak Time competition again!

Cheers,
Peak Time 2010 organizers

From the left: Anete, Martin, Aiste, Raivis, Marta and Modestas

Hi everyone!!!

The first Peak Time stage out of three has already passed successfully. The on-line business simulation game introduced by CESIM has been running for more than two weeks including 5 decision making rounds during that time.
We are glad to announce that 530 teams in total have participated. 51 group have been formed consisting of 10 teams approximately which competed against each other.

The Peak Time organizers admitted that at the very beginning some difficulties arose. However, the problems were solved quickly and the players could enjoy smooth game.

It’s no wonder that some teams have forgotten to make decisions or simply didn’t meet deadlines, which resulted in automatically inserted default values in particular rounds. Surprisingly, some teams even managed to gain considerably higher results compared to the ones that didn’t miss any round. Thus, we can ensure that the results of the teams which missed all 5 rounds will be canceled. So some teams could even expect higher places.
Talking about evaluation of each team, points will be distributed according to the places taken in each small group. In case equal results appear in the end, absolute values are going to be taken into consideration. Be patient, results are coming soon…

Stay Tuned!

Yours,

Egle

Hey!;)

Let’s see how another side of the world is doing;) A new article has come from Malaysia, where a Peak Time ambassador Xianjin Teo has found an interesting, innovative and fast growing business in IT sector.

Nuffnang

At the first glance, Nuffnang would seem like the average internet-based startup. However, from humble beginnings in Kuala Lumpur, Malaysia, founders Timothy Tiah and Cheo Ming Shen have managed to achieve phenomenal growth in the span of three years, with offices spanning across Singapore, Malaysia, Philippines and Australia. A pioneer in the advertising industry, Nuffnang is Asia’s first and leading blog advertising community, with 80,000 bloggers who have signed up to their platform.

(more…)

Hello everyone!

Articles about innovative companies from the ambassadors of Peak Time are still very welcome to our blog. So, for this time it’s my pleasure to introduce a piece written by ambassador from Lithuania! This one is a bit different compared to the previous article as it is about a biotech company. Here it comes:)

BIOK

BIOK’s vision is to be a constantly creating laboratory.

The biotech company BIOK was founded in 1988. During the early years of Lithuanian independence, our country suffered from an economic embargo from the Soviet Union and underwent an era of total deficit. Imports were close to zero and local production was halting when these experienced scientists embarked on a risky skincare business.

(more…)

Hey!;)

Today I have something really special for you;) Ambassadors, who are working all around the world helping to promote Peak Time 2009 as I have mentioned before, have a special task. Each of them is supposed to write an article about innovative business in their local area. For this time an article comes from Giorgos Michaelides University of Cyprus. Enjoy;)

The Mall of Cyprus

“It’s a dream come true…which has become a reality after 26 years of planning, hard work, huge investments and most of all vision“.

These are some of the inspiring words of the entrepreneur Mr. Nicos Shacolas at the official launch of operations of the Mall of Cyprus. When asked about the incentives to proceed to a new investment, he said: “The idea came to me while on a visit to Canada where I was impressed by the shopping malls there and after I came back to Cyprus, I started work on the project”.

The Shacolas Group operates mainly through public Companies which are listed on the Cyprus (more…)

Hello my dear PT blog readers!

After such joyful and hopefully smashing holidays I expect all of you’ve come back to your day-to-day activities feeling tons better! We surely have.. With our batteries recharged and willingness to achieve the peak let’s get back to reality as I have some thrilling news for You!

Firstly and the most importantly, I am eager to remind you that PT is very close to the application deadline which is on 4th February! If you still hesitate, simply STOP doing that and APPLY!

Now it’s time for some news in PT organizing process. To this point Peak Time promotion is one of the most important parts that is already present for some 2 months and has reached its peak. The promotion team is working really hard by contacting the leading universities and forwarding information about Peak Time 2009 all over the world. What I consider to be really amazing in this job is e.g. calling to Australia or USA at midnight and exchanging GOOD MORNING!

What is more, PT posters have been distributed to the top European universities in the Baltics, UK, the Netherlands, Germany, Sweden, and Finland and must have reached even Korea by now. If you are present in any of these countries check it out in your university!

By the way, promotion campaign is also being run in social networks (coming soon in facebook.com and draugiem.lv, wanna join?:)).

And last but not least, PT ambassadors are working actively in their home countries: making PT presentations, writing articles in local newspapers etc.

That’s it for now, stay tuned!

Yours,

Egle

Hi there!

I have some more useful information from the World Wide Web for those who might have not heard about www.youngentrepreneur.com yet. The site is beneficial for everyone who is at least interested in business. Entrepreneurs from all over the world are sharing their original ideas and making free use of them. There are several ways how to do that.

Firstly, there are forums that cover such topics as Hosting & Domains, IT & Internet, E-commercial, Startups and Business Planning, Management, Marketing & PR and many others. Secondly, loads of useful information is reachable in a blog that is available for all the website users without any restrictions, compulsory registration or payment. The visitors can also discover loads of information regarding various topics related to business in the experienced entrepreneurs’ interviews.

Of course, the biggest advantage is taken by the young entrepreneurs who are taking just first steps in entrepreneurial world, launching their initial start-ups or just looking for original business ideas. The site might even help to make useful social contacts or to get in touch with potential business partners. Having in mind that there are no strict rules that lead an entrepreneur to success youngentrepreneur.com is inexhaustible information source.

Try it:

Yours,

Egle:)

Hey everyone!

It’s high time to take over PT blog editor’s position from G.F. and let him concentrate on much more significant issues regarding PT2009.
That’s why I am here! So let me introduce myself:) I am Egle Guzyte, a year 1 student at Stockholm School of Economics in Riga and I am crazy about “Peak Time”!:) Let’s begin as I have some great news 4 U today:)

As most of you might already know, the PT participants have to deal with an entrepreneurial study case in the stage 2. I am happy to inform you that the case will be prepared by McKinsey&Company as it was last year (PT2008). Seems it’s going to be really challenging

Want some more? We are extremely glad to announce that the prize fund of 9000 euros is waiting for you @PT2009! Isn’t that motivating?;)

Now let’s find out how the organizing process is going on. Finally, promotion as one of the most important part leading PT 2009 to success has just started with a new ambassadors’ project.
There are more than 20 ambassadors (former PT participants) spread in different countries all around the globe.

We already take pleasure in realizing how a small Peak Time society is building up. Find out what Bastian Steinbach, student at RSM Erasmus University Rotterdam and winner of Peak Time 2008 has said:
“I ran randomly into two other Peaktimers while being on exchange in Hong Kong. That is a sign of a solid international network!”

It seems we are working to some purpose

Yours,

Egle:)

Hey everyone!

Finally, we have moved our blog to this nice blog.peaktime.org address. One can consider this as our second opening and again have some celebrating time :).

Besides that there are also some other news. The promotion campaign has almost started. So, soon you’ll hear about PeakTime in your university once again. We’ll rock the world.

Another nice info that might be interesting for you is that we are opening application procedure on 15th of November. So you are more than welcome to register yourself since then and also motivate others for applying.

s.Tay tuned,

G.F.

Hi there!!

Right now we are working really hardly for You having fun @PT2009.. Not so much time for blogging buut soon we’ll solve this issue.

However, by this moment You are welcome to dip into PT2008 memoirs of one of PT Ambassadors.

Hi to all those that are just reading these words,

My name is Marek and I also took part in the global final of the PT08 (more…)