11 July 2008
CIMA (Chartered Institute of Management Accountants) held its annual CIMA Management Competition finals day on 26 June 2008 at The Guardian Newsroom in Farringdon, London. Year 12 students from Eton College, Windsor and Year 13 students from Plymouth College, Devon have won the national competition, an annual event designed to award entrepreneurial students and to develop the business leaders of the future.
In the final, the top four teams in each age group from schools across the UK presented their reports to a judging panel of senior finance and business professionals.
The CIMA Management Competition, in partnership with Learnthings.co.uk, is open to all 16-18 year olds in schools and colleges in the UK. A team of three to four students acts as consultants for a fictional company, analysing information and making recommendations based on their findings and then producing the conclusions in a formal business report.
Each team is given a case study scenario. This year it was based on Shinkendo Oi, a fictitious product similar to the Nintendo Wii, which schools and clubs can use for sports practice. Students were expected to undertake research into this type of product and explore what software is currently available, particularly for marketing both the console and the software to schools.
In joint second place were students from Year 12 at Ellesmere Port Catholic High School, Whitby, Cheshire and Year 13 at Thomas Alleyne's High School , Uttoxeter, Staffordshire. Third place was shared by students from Year 12 at Bolton School Boys' Division, Bolton, Lancashire and Year 13 St Mary's Catholic School, Bishop’s Stortford, Hertfordshire.
Ray Perry, CIMA Director of Brand, said:
‘The CIMA Management Competition is a great way for students all over the UK to test their business acumen and build on their learning in the classroom. As the competition incorporates national curriculum guidelines into the programme, it supports the Government’s endeavours to prepare our young people for working life.
‘The great level of strategic thinking shown in the submissions from all the teams demonstrates how well prepared these students will be for the world of business and I expect they will go far in their chosen fields.’
ENDS
For media enquiries or photographs, please contact:
Annette Heninger
Press Officer, CIMA
+44 (0) 20 8849 2427
annette.heninger@cimaglobal.com
1. CIMA (the Chartered Institute of Management Accountants) is the only international accountancy body with a sole focus on business. It is a world leading professional institute that offers an internationally recognised qualification in management accountancy, focusing on accounting in business in both the private and public sectors. It is the voice of 164,000 students and members in 161 countries. CIMA is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy. For more information about CIMA, please visit www.cimaglobal.com.
CIMA is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body. CIMA prides itself on the commercial relevance of its syllabus, which evolves continually to reflect the latest developments in global business. CIMA has been awarded superbrand status in the UK for a second year in a row this year and for the first time in Sri Lanka. According to independent research conducted by the University of Bath School of Management, CIMA’s syllabus and examination structure are the most relevant to the needs of business of all the accountancy bodies assessed. See the CIMA Difference report for further information at www.cimaglobal.com/thecimadifference.
2. CIMA Management Competition prizes:
• Winners - Nintendo Wii console + Wii play with remote & nunchuk for the students, trophy & £700 for the school
• Second place - Nintendo Wii console + game for the students, trophy and £500 for the school
• Third place - Nintendo DS Lite handheld console + brain training game for the students, £150 for the school
