Making dollars and sense
Heads rolled at a three-hour competition among the finest from universities in New South Wales when University of Western Sydney students displayed their business acumen and came out runners up.
In an intense result orientated environment undergraduate business management students Linda Thompson (Narellanvale), Vincent Trimarchi (Liverpool), Cathie Spies (Ingleburn), Michael Clay (Illawong) and Julianne Debono (Cronulla) demonstrated their ability to work as a team and problem solve. They had to analyze and make recommendations, addressing financial, marketing and general management issues.
Prestigious global management consulting company, Boston Consulting Group organised the competition where $3000 is at stake as prize money in the grand finals.
UWS participated in the event for the first time in the 12 years it has been running.
"It was exciting, a bit nerve wrecking but challenging and stimulating we were there for the first time and were determined to make a difference,'' said Ms Thompson.
"The exercise was to gauge our academic knowledge and business skills. We had to convince the panel that our decisions were the best in the given circumstances.
They quizzed us and we were put under the spotlight for 10 grueling minutes. Now we look back and say, wow, we've been there and done it,'' Ms Thompson said.
Coordinator of the Bachelor of Business (Management) program and lecturer, Anneke Fitzgerald said this was truly an extraordinary result from the students.
Held at the University of New South Wales, the competition attracted students from Sydney University, University of Newcastle, Macquaire University and University of Technology Sydney. Both the University of NSW and University of Western Sydney students were declared finalists.
The competition's NSW regional coordinator, Jennifer Cheng said; "I especially commend UWS for achieving such an excellent result in their first year of the competition since all other undergraduate teams are seasoned competitors.''
"What distinguishes this competition as the most prestigious of its kind is the selection process of competitors - each participating university team has been carefully selected by an internal process within their own universities, by methods such as a separate internal competition or by application. This ensures that only the best enter our competition and ultimately win a total of $3000 worth of prize money,'' MsCheng said.
The students are not hanging up their boots yet. They are now under the wings of consultants from the Boston Consulting Group, honing their skills for yet another round on October 4 with universities from the Pacific rim, including Australia and New Zealand.
Note editors: pictures can be organised by contacting student Linda Thompson on 0410 442 159.
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