08 March 2011
For a second successive year business students from Canterbury Christ Church University have secured a place in the national finals of the IBM University Business Challenge.
From left to right: William Hahlani, Jack Dalton, Christopher Andersson, Michael Alexander and Moses Alausa
Canterbury's team, consisting of Christopher Andersson, William Hahlani, Michael Alexander, Moses Alausa and Jack Dalton, fought off stiff competition in one of the eight regional semi-finals, held at RBS in London, to produce a comprehensive victory.
Dr Wim Van Vuuren, Senior Lecturer for the University’s Department of Management Studies, said: "This is a very good and cohesive team, who work well together under pressure and complement each other superbly. It was fantastic to see them do so well.
"It’s also great to see another team from the University succeed in gaining a place in the national finals for a second successive year. It highlights our students’ potential, as well as the strength of our teaching programme."
Throughout the competition teams are tested on their entrepreneurial skills by being given different business scenarios. For the semi-finals teams had to run an imaginary hotel in Thailand, making decisions about everything from investment in a restaurant, refurbishment costs, staffing levels and salaries, to room prices and marketing. Starting off with a general information pack, describing the base scenario, teams were given updates and additional information during the day to simulate the dynamics of a hotel business environment. The competition consisted of 5 trading periods, with the team making the most profit progressing to the finals.
The University’s winning team made a profit of £245,800 from their hotel, which was £50,000 more than the second placed team from Southampton University, and over a £130,000 more than the team from Portsmouth University that finished third.
This year 280 teams have taken part in this prestigious national competition, with only the top 73 going through to the semi-finals.
The last remaining 10 teams will compete at this year’s grand final, to be held at IBM in London on Friday, 25 March.
For more information on the competition visit: www.uk.ubcworldwide.com/content/this_years_finalists.asp
Notes to Editor
Canterbury Christ Church University
Canterbury Christ Church University is a modern university with a particular strength in higher education for the public services.
With nearly 18,000 students, and five campuses across Kent, its courses span a wide range of academic and professional expertise.
- As a leading provider of teaching and health care courses we have produced nearly 3,500 health and social care professionals and 7,000 teachers in the last five years.
- Over 90 per cent of our graduates gain employment in the first six months after graduating.
- Along with over a thousand undergraduate, postgraduate and professional training courses on offer, we are also home to world-leading and internationally recognised research in Education, History, Music and Sports Related Studies.
- Canterbury Christ Church University was founded in 1962 by the Church of England as a teacher training college.