THE PHILIPPINES, on its second year of joining the prestigious Global Business Challenge (GBC) sponsored by the Chartered Institute of Management Accountants (CIMA), emerged as the Grand Champion in the GBC held in Chengdu China last July 23-24. Represented by Team Scions of the UP Visayas in Iloilo, the Philippine team bested the 17 other participating teams from host China, Malaysia, Bangladesh, United Kingdom, Russia, Ireland, Australia, Sri Lanka, India, Pakistan, Singapore, Hong Kong, Vietnam, Indonesia, South Africa and the United Arab Emirates. The Singapore team placed second followed by the team from Australia in third place.
On its third year, the GBC is an international competition among business students on their skills in solving a business case. The participating teams undergo three stages starting with the submission of their solution to a business case which shall be presented in a 2,000-word report. Finalists will be chosen based on their business solutions and recommendations. They will then advance to the second stage which is the oral presentation of their paper before a panel of judges. The winner will be the country’s representative to the global competition, which is the last stage.
The judges for this year’s global competition were from Barclays, Shell, L’Occitane en Provence, Tangs Department Store, TRW and China.
The Philippine champion
The Scions team is composed of Jerard Megg Cordero, Marra Francillan Cordero, Dominique Dabad and Ordisi Osonio with Arthur Barrido, as their mentor. The team almost did not make it to China due to petty issues on their travel documents but this did not stop them. After the rigorous last-minute completion of their travel documents, they packed their bags and flew to China more than prepared even without their mentor.The Scions earned the right to represent the Philippine Team last June 10 in Manila after it bested six teams in the grand finals. The team from De La Salle University Manila placed second while the Far Eastern University team took third place. The other finalists were from Notre Dame University, Polytechnic University of the Philippines and University of San Carlos.
The GBC Philippines is sponsored by ACPACI, PICPA and its major sponsor, Philippine Duplicators Inc. (PDI) through the leadership of Atty. Samuel F. Villacampa, 1999 ACPACI president.
“Through the years, the accounting students who participated in the Search’s group category and now the GBC, I have witnessed our accounting students transformed into a new breed of business leaders who are able to come up with strategic plans, deliver their presentation with confidence and address their client with clear and forthright recommendations,” Atty. Villacampa said. It is no wonder that year on year, accounting students look forward to this yearly competition as this gives them the real feel of how it is to solve a business case while competing with the best minds in their league.