The Hong Kong University of Science and Technology's School of Business and Management (HKUST Business School) announced the winner and runners-up of the Citigroup International Case Competition at the Closing Ceremony last Saturday (October 30). A team of four from Thammasat University, Thailand, took home the champion trophy.
The three runners-up were McGill University, National University of Singapore and Tsinghua University. ITESM from Mexico won the Most Popular Ethnic Costume award.
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The competition, sponsored by Citigroup, attracted 17 teams from Canada, Denmark, Hong Kong, Italy, Mainland China, Mexico, Singapore, South Korea, Spain, Thailand, and the U.S.
The business case for the competition was developed by a team of professors at the HKUST Business School. Participating teams were asked to develop the smartphone business for a local company Group Sense Limited, which started off as a manufacturer of electronic dictionaries and is now listed on the Hong Kong Stock Exchange. From receiving the case to presenting their ideas, each team has a maximum of 36 hours. Team performances were evaluated by a judging panel of 16 members comprising of HKUST professors, senior executives from Citigroup and Group Sense, and also business leaders from different industries.
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Branded as an event to showcase Hong Kong as an international center for intellectual exchange, the Citigroup International Case Competition's four-day program featured a number of high-profile speakers. Frederick Ma, Secretary for Financial Services and the Treasury, HKSAR Government, and Robert Morse, Managing Director and Chief Executive Officer of the Global Corporate and Investment Banking Group, Citigroup Asia Pacific, were keynote speakers, respectively, for the Opening and Closing Ceremonies.
The program also included a half-day seminar - "Experience Asia's World City", at which Citigroup's senior management and economists, and also a business professor from the HKUST discussed with students the current market trends and business opportunities in Asia. There were also a sight-seeing tour and social activities to foster cultural exchange among the participating teams.
Participating Teams
1.Carnegie Mellon University, USA
2.Copenhagen Business School, Denmark
3.Fudan University, PRC
4.Hong Kong University of Science and Technology, Hong Kong SAR
5.Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), Mexico
6.McGill University, Canada
7.National University of Singapore, Singapore
8.Peking University, PRC
9.Thammasat University, Thailand
10.Tsinghua University, PRC
11.Universita' Commerciale L. Bocconi, Italy
12.University of California at Berkeley, USA
13.University of Navarra, Spain
14.University of Texas at Austin, USA (2003 Competition Winners)
15.University of Washington, USA
16.University of Western Ontario, Canada
17.Yonsei University, South Korea