ECONOYMEXT – Students of the Chartered Institute of Management Accountants (CIMA) who won a business problem-solving competition as part of a virtual career fair had been invited to work at a large conglomerate, in addition to getting a cash prize an official said.
Styled after the IT industry ‘Hackathons’ where programmers hack or solve a technical problem, the competition drew 51 applications to solve business problems.
Four teams were selected to make presentations to judges.
“The competition encouraged our ability to work together, think outside the box and remain practical in the solutions we provided,” Keheliya Thamindu Amarasinghe, who led the winning team.
“It was 72 hours of continuous learning and if given the opportunity to do it once more we would do it without hesitation.”
The winning team had been invited by a conglomerate to intern with them and get real-life experience.
The team also got a 100,000 cash award from Imperial College of Higher Education.
The winners had to make a presentation to convince potential investors to put money into an apparel company which was facing competition from China.
The winners also had to come up with a strategy to develop the business and provide an exit to the investors in three years.
The virtual festival had industry practitioners speaking on the Chartered Global Management Accountant (CGMA) Competency Framework, Technical Skills, Leadership Skills, People Skills, Business Skills, and Digital Skills.
It also had a pitching session for businesses and start-up to pitch their business ideas to well-known leaders. (Colombo/Oct25/2020)