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Hong Kong team wins first Global Business Challenge
Team Anova from the Chinese University of Hong Kong has emerged victorious from the CIMA Global Business Challenge (GBC), which took place on the 21 August at the University Hall, National University of Singapore.
Anova presented a business case to an audience consisting of judges, academics, undergraduate students and representatives of corporate organisations in the final round of the challenge.
They faced stiff competition from the other seven winning national teams representing the UK, Ireland, Sri Lanka, India, Mainland China, Singapore and Malaysia who had flown over for this final round in the competition.
Leader of team Anova, Lai Chun Sang said: ‘We were surprised to win the championship because the other international finalists were just as good. However, we are delighted to have won it. We hope the experience has given us an insight of what it takes to be global business leaders of the future.’
Having spent months preparing for the competition the team members, who are undergraduates, will be spending one semester in Denmark to continue their studies. Besides the GBC championship trophy each team member received a Sony Vaio laptop.
Sri Lanka team, Paradigm, from the University of Moratuwa were the runners up. The award for Best Future Business Leader was Dino Sun Xin Hao from team Wonder 4, Shanghai University of Finance and Economics, China.
CIMA president, Aubrey Joachim, who attended the challenge final said: ‘It was tough decision for the judges. Each of the team members did exceptionally well and beyond the judges’ expectation. The competition helps bring out the best of the individuals of each team but it also helps to spur the moulding and nurturing of the world’s future business leaders. I wish the finalists the very best in their future careers.’
The GBC event also saw for the first time the introduction of CIMA Business Flight Simulation Certificate (CBFSC), a new interactive online product to help non-financial employees understand business finance. It has been developed by Metapraxis in association with CIMA and the British Computer Society.
The core of the CBFSC online product is the Business Flight Simulator, a revolutionary computerised training technique that delivers an intuitive understanding of how business really works and how to succeed in making profit and generating cash in a very short time.
While waiting for the final results the eight finalists pitted their intuitive skills against each other with the Malaysian team Xcel Consulting Group, Taylor’s University College emerging as the champion. Each team member received the CBFS Certificate and free tickets to the Singapore Flyer.
The GBC will be an annual event and its championship trophy will be up for grabs next year when Malaysia hosts the final. It will be held in conjunction with the World Congress of Accountants 2010 of which CIMA is the gold sponsor.
The venue sponsor of the event was National University of Singapore and NUS Business School. Barclays Capital was the sponsor for the trophy prizes given to all finalist teams as well as sponsor for the celebration dinner held at the Equinox, Swissotel The Stamford, which is the official hotel partner. Other event partners were GET Education Consultants, Walsall College, Singapore Education and BPP.