
MBA Team Competes in International Case Competitionby Irem Secil Reel |
This
year, the 27th edition of the John Molson MBA International
Case took place January 7 - 12 at the Hilton Montreal Bonaventure.
UMaine MBA students Christine Clark, Thomas Miller, Cristin O'Brien, and
Kevin Paul have successfully competed in this globally prestigious event
with the help of team’s faculty advisors Harold Daniel and Paul
Myer, and David Barrett’s pre-training.
The
John Molson MBA International Case Competition is a non-profit event,
first hosted in 1981 and since then has become the oldest and most respected
case competition in the world. Recognized as the largest competition of
its kind, it features representatives from the top business schools from
all around the world. The main purpose of the competition is to connect
corporate and academic world and provide a learning experience for the
students.
It is intended to encourage healthy competition, professionalism and interaction
both amongst the future business leaders and with the business community.
With
only three hours to prepare, team of four MBA students analyze and evaluate
unpublished and untested cases using the skill sets and knowledge they
have acquired throughout their MBA program.
The
UMaine MBA team scored a win in the first round of the competition. Students
were exposed to the global face of the business environment according
to Professor Myer, assistant coach of the team. “The competition
was populated by international and very diverse background participators.
There were students from
The
competition was intense according to Cristin O'Brien. "“The
competition provided a safe environment to explore professional requirements
of stressful situations with a very limited timeline. My intent was not
necessarily winning the competition, but challenging my abilities and
experiencing and acquiring new skills", she said. Christine Clark
also appreciated this learning experience. She mentioned “no matter
how much frustration we had in the competition, we still learned so much
form doing, talking and having fun with other teams.”Kevin Paul
has also defined the competition as a great
deal of fun and something that I would encourage any student to be a part
of.” Thomas Miller told he even learned a lot from watching other
teams and interacting with them in the social atmosphere. He defined this
experience as “quite different than getting a case and reporting
back on it in a week or two versus getting a case and having just 3 hours
to read, analyze, formulate options and recommendations and hand write
the presentation.”
Although
competition was very intense, the UMaine MBA team did very good in the
competition according to Dr. Daniel. “Our team differentiator was
how well they defend their analysis. They performed a thorough analysis
and believed in it. More importantly, our team was capable of giving more
practical solutions compared to other teams. They were one of the some
groups defining the real issue in the case, that’s how they win
the first competition.” Professor Myer has also emphasized “our
team did far better than the scores. They have demonstrated UMaine well-grounded
values: a combination of academy, experience and enjoying life.”
One
of the most valuable skill set gained throughout the MBA program helped
the team was teamwork. Christine Clark told “although sometimes
I felt frustrated in
The
team acquired the ability to learn and adapt quickly, the future business
leaders’ one of the most important skill. Some teams had taken courses
previous to the competition just to acquire the skill sets tailored to
the competition. Both Dr. Daniel and Professor Myer and students mentioned
those teams were highly polished and successful. Cristin O’Brien
explained those successful teams as “Each member had a defined role
in the team and they specify on one thing while reading through the case.
However, I have learned more by having different roles in every round.”
Dr.
Daniel and Professor Myer are planning to “develop a graduate level
marketing course to provide students better skill sets on how to work
in this environment, how to analyze a case and how to communicate it persuasively.”“Students
need to have the ability to deploy the tools with a very limited time,
and then prioritize and focus their thoughts. Most importantly, they have
to acquire the ability to present in a persuasive way.” Dr. Daniel
has further described the course as hands on analysis and persuasive communication
course. Christine Clark mentioned “the business tools used by other
teams such as Porter's five forces, Positioning Map, financial analysis
of a case, value-chain, product-life cycle, BCG Matrix, Risk Considerations
would be very beneficial prior to the competition. Actually, we already
know some of these tools. I prefer to use them more often. As graduate
business students, we need to excel at them.” Thomas Miller also
added “"Case analysis was the most
important thing I learned in
Students
not only practiced tools they have acquired in business school, developed
new skill sets but also gained confidence. Professor Myer defined the
students participating competitive future leaders. “The students
in the competition have already been differentiated themselves with the
amount of time and preparation they have put in addition to their busy
work schedule. They should be proud of themselves.” WE ARE!!!
CONGRATULATIONS