The team from Hong Kong and HKUST for the first time was invited to Columbia's Global MBA Competition (from left: Mark Rossettie, Nitin Jain, Prof Stephen Nason - team advisor, Lluis Pons and Ted Milonas).
Columbia's Global MBA Competition is an invitation-only event that brings together students from the top MBA programs across the world. Current Students Prospective Students Faculty and Staff Alumni Media Visitors Industry Partners Job Vacancies
Contact Us Sitemap 繁體 简体 About HKUST
Welcome from the President Mission and Vision
Strategic Plan Governance Senior Administrators Facts and History Rankings and Awards
Global Partnership and Presence University Publications
Video Channel and Photo Gallery What's New, What Others Say About Us and HKUST in the Media
Up-coming events About the Campus Teaching and Learning Research and Graduate Studies Studying at HKUST
Administration Library
Giving to HKUST Quick link
Home > About HKUST > What's New, What Others Say About Us and HKUST in the Media > What's New What's New What Others Say about Us HKUST in the Media
28/04/2014 HKUST Team Comes First at Global MBA Competition A team of the Hong Kong University of Science and Technology (HKUST) students won the grand prize at a highly challenging MBA competition organized by the Columbia Business School in the US. It was the first time that a team from Hong Kong joined this invitation-only event, which is open only to the top business schools in the world.
Columbia's Global MBA Competition brings together the world's brightest MBA students to test their business aptitude in a two-day contest. The competition consists of three events in three completely different areas: a case analysis, an entrepreneurial pitch, and a negotiation competition.
Stephen Nason, Professor of Business Practice at the HKUST Business School and faculty advisor of the winning team said, "This is an impressive win as the competition is billed as the Olympics of MBA contests. Students are given the opportunity to go head-to-head to compete in three very different matches with peers from leading business schools. They need to be a visionary entrepreneur, a strong negotiator and excellent at consulting. In order to do well, it is not enough to have strengths in any single area."
He added, "We are excited about the outcome, which once again shows that our MBA students can compete with any of the elite business schools around the world."
The HKUST team comprised four full-time MBA students: Mark Rossettie, Ted Milonas, Nitin Jain and Lluis Pons. They are typical of the international nature of the HKUST MBA program, coming from the US, Greece, India and Spain. Their diverse work experiences ranging from IT consulting to business development enabled them to think from a multi-dimensional perspective and put forward innovative yet realistic solutions.
The case analysis was particularly challenging. The teams were tasked to reinvent the service provided by Western Union to address challenges faced
from new technology. Western Union is a global company well known for its sophisticated network of agent shops which allows customers to remit money around the world. The HKUST team suggested that the company got into the mobile phone remittance area and combined with a mobile wallet service to secure a profitable future, instead of over-relying on its agent shops. A panel of judges was impressed by their practical solution and polished presentation.
The HKUST team won the case analysis outright and finished in the top three in the other two competitions, clinching the overall championship among a list of teams from the world's most recognized business schools:
Hong Kong University of Science & Technology - Business School (Winner) New York University - Leonard N Stern School of Business (2nd Place) Columbia University - Columbia Business School (3rd Place)
University of Cambridge - Judge Business School London Business School
University of Chicago - Chicago Booth School of Business CEIBS
INSEAD (Singapore)
All News More News at Media Information Center For media enquiries, please feel free to contact :
HKUST Business School
Communications & External Affairs John Poon Tel: 3469 2090 Email: [email protected] Anna Chan Tel: (852) 2358 8242 Email: [email protected]
Top Copyright © 2014 HKUST. All rights reserved. Privacy Policy The Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong. Tel: (852) 2358 6000
