Winning team will compete with 12 international teams in global finals in Malaysia on August 5 and 6
The UAE country final of Global Business Challenge, organized by the Chartered Institute of Management Accountants (CIMA) and sponsored by Barclays Capital, was won by the University of Wollongong in Dubai (UOWD).
The UOWD team Bizz Wizards, consisting of Hina Daryanani, Pooja Wagh, Kunal Kokal and Bilal Sohail, won the 1st position, beating four other university teams from the UAE.
The CIMA Global Business Challenge is an international competition designed to bring out the best in potential business leaders among young people. The competition is open to full-time undergraduate students ideally from a business or finance background. In 2009, over 6,000 students around the world took part in the CIMA Global Business Challenge.
As the winner of the 2010 UAE competition, the UOWD team will now compete in the global finals to be held in Kuala Lumpur, Malaysia, from August 5 to 6. They will compete against national-level winners from the UK, Ireland, Hong Kong, Sri Lanka, India, China, Malaysia, Pakistan, Singapore, South Africa, Philippines and Australia.
"It is a matter of great pride to win the national-level CIMA Global Business Challenge, especially since it was held for the first time in the UAE, said Dr. Mufeed Rawashdeh, UOWDs Dean of the Faculty of Finance and Accounting. "Our team is now looking forward to competing with top students from 12 different countries in August.
This annual business management competition provides students with a great opportunity to test the depth of their financial knowledge, try out their business management skills, and expand upon their competitive ability. It has even led to internship opportunities from well-known organisations. Teams are expected to analyse, report and present on a CIMA case study.
In this years competition, teams of four students, plus an academic staff mentor were asked to respond to a given scenario as if they were management consultants commissioned by a company. The scenario was based on a fictional telecommunications firm called Dizz.
The judging panel consisted of Ms. Carla Duarte, Director of Student Hub and Marketing, DIAC and DKV; Mr. Mark Evans, Finance Director and CFO, Wyeth Pharmaceuticals and Mr. Subir Saha - Director of Financial Control, Barclays Capital.
The Chartered Institute of Management Accountants (CIMA), a business partner of Dubai Knowledge Village, is the worlds largest and leading professional body of management accountants, with 172,000 members and students in 165 countries.