Awarded by: McGill Management International Case Competition
Four Global Business students outperformed their counterparts from elite overseas universities to win the top prize in the McGill Management International Case Competition.
The annual challenge was won by Year 3 students Hannafew Chan Hang Ting, Vishaal Prem Lalwani, Brian Lee Ho-kei, and Mandy Lee Man Kuen, who earned praise for their analysis, recommendations and professionalism. The judges included academics and senior executives from sponsor companies.
The students were given 24 hours to come up with a proposal for a small biotechnology firm manufacturing a single product for medical use that wanted to expand.
The HKUST students recommended two strategies, first to expand use of the product and attract different customers and second to address the poor state of its finances and marketing strategy. By taking on board those priorities, the firm could then look for venture capital, apply for a patent for their product, develop a new product and eventually team up with a larger firm to distribute them both.
The students took top prize over first runner-up Wharton at the University of Pennsylvania and second runner-up, the University of Washington. There were eight other competitors from North America, Europe, Asia and South Africa.