News story 9th Jun 2015

Students to represent Australia in global business competition

A team of Monash Business School students will represent Australia in a global business competition.

The team of Bachelor of Commerce students, Cheryl Lim, Jane Shaw, Hugh Gao and James Wong, won the Australian final of the Chartered Institute of Management Accountants (CIMA) Global Business Challenge and will now head to Warsaw in August to compete in the global final.

As part of the competition, the team – under the name Petroworld Consultants – was required to prepare a business case study of a fictional oil and gas exploration company.

CIMA Challenge 2015

With approximately 40 entries from across Australia, the top four teams were selected to give a 20-minute presentation at the final in Sydney as if they were presenting to the board of directors of the company.

Head of the Department of Accounting, Professor Axel Schulz congratulated the students on their success.

"The result was well deserved as the students had worked very hard in preparing their plan and presented it with professionalism and great confidence," Professor Schulz said.

"As noted by one of the judges, the "Monash team was simply outstanding and a clear winner on the night."

An already successful night for the team continued with James Wong being announced as the best presenter.

Monash University is the only university worldwide that has made its country's national final each year since the competition went global in 2010.

The result was well deserved as the students had worked very hard in preparing their plan and presented it with professionalism and great confidence.

Professor Axel Schulz

Head, Department of Accounting

Professor Schulz said the team's success was in no small part due to the support provided by the team's mentor Associate Professor Ralph Kober, who accompanied them to Sydney.

The global final will see the 'Petroworld Consultants' compete against the national winners from 25 other countries.

This final will consist of two stages. On the first day, all teams will present their case study, with the top six teams advancing to the second stage. For this stage, they will be given several hours to work on an extension of their case study. They will present their findings, followed by a question and answer session.

The team is hoping to better the second place achieved by the Monash team that represented Australia in the final stage of the 2010 competition.

More information can be found on the CIMA Global Challenge website.

This article has appeared in Monash News.