‘CIMA Global Business Challenge 2010’; local finalists found

Fifteen teams from eight Sri Lankan universities entered the local segment of the ‘CIMA Global Business Challenge 2010’. The Global Business challenge, a global initiative, is an international business management competition designed to identify potential business leaders amongst full time undergraduates within countries and facilitate the winners to participate in the Global finals scheduled to be held in Malaysia in August.

In the first round of the competition, students were required, to act as consultants and submit a report to a board of directors on a fictitious mobile phone network operator. They were required to analyse and evaluate the issues facing the company, based on a case study provided.

The competition provides students an opportunity to expand their financial knowledge, inculcate business and management skills and the experience the challengers of the corporate world which was highly beneficial in their careers.

It also helps participants to develop working relationships, understand working as a team and foster international relationships when participating in the final rounds of the competition. Based on their reports four teams from three universities have now been shortlisted.

They are ‘Envision’ and ‘KUDOS’ from Moratuwa University, ‘Synergy’ from the university of Colombo and ‘Nano Partners’ from General Sir John Kotalawala Defence University.

The four teams will now compete at the local finals by presenting their case to a panel of judges, followed by a Q and A session to determine the winners. The finals of the competition has been scheduled on June, 12 at the CIMA Auditorium.