Henley team reach final of Universities Business Challenge 2013

22 March 2013

Henley team reach final of Universities Business Challenge 2013

Congratulations to Kadi Huang, Chris Himpich, Alex Priest and Daniel Lim for reaching the final of the Universities Business Challenge!

Henley team reach final

Congratulations to Kadi Huang, Chris Himpich, Alex Priest and Daniel Lim for reaching the final of the Universities Business Challenge!
The semi-final was held at the offices of P&G (Procter & Gamble) in Weybridge and required the ten semi-finalists to purchase, renovate and manage a hotel business in Thailand. 
Tasks included corporate social responsibility, media presentation, creative thinking and networking.
The Henley team produced an outstanding performance to win with a profit of £151K (moderated by a stakeholder engagement score).
They will join nine finalists from other top business schools at the London HQ of IBM UK in Southbank on Friday 22 March for the chance to win up to £1000.
We wish them the best of luck.

Henley team reach semi-final

UCAS competition 2

 (From left to right: Daniel Lim Kok Hwee, Alexander Priest, Chris Himpich and Kadi Huang)

In the first year of entering the competition one of the three Henley Business School teams has reached the semi-final of the Universities Business Challenge, the leading undergraduate business competition in the UK. The semi-final will be hosted by Proctor & Gamble in Wentworth on Wednesday 6 March. The successful team consists of:

  • Team leader Chris Himpich, from Germany – 1st year Business and Management
  • Kadi Huang from China (Guangzhou) - 2nd year Finance and Investment Banking
  • Daniel Lim Kok Hwee from Singapore – 1st year Finance & Investment Banking
  • Alexander Priest from Bath, UK – 1st year Accounting & Business

The students took the role of a board of directors, they had to market two ready-made meals. Each week they were advised as to the impact of their decisions on materials supply, marketing, investment and the like, and their results were affected by the decisions made by other teams They had information on these competitors and had to consider what they might do.

The team were very disciplined. They used Facebook to communicate about the project and made it a rule that everyone had to read the results before they met up so that the time they spent together making decisions was focussed and kept to a minimum. Captain of the team, Chris, had the responsibility of managing the communications, being responsible for information sharing and organising meetings.

 They also admitted to being very competitive and were keen to see how they were doing compared to other teams and were pleased every week to find t they were always in the top half...

 A major difference in the semi- final is that the team have to make all the decisions much more quickly and over the course of one day.

Before the competition they didn’t know one another and, on different courses or in different years ,were unlikely to meet. The competition gave them the opportunity to meet and work with new people. They all said they would definitely recommend others to take part in the competition next year.

Why did they join in?

Chris – "I was intrigued and I liked the whole team aspect - openness, team building and working together . It was also my first opportunity to work in a lifelike business environnment."

Kadi – "It was an opportunity to improve my spoken English and to work in a team. I would like to go into consulting and it was good experience in anticipation of this, particularly the team coming to agreements and achieving consensus."

Daniel – "I got some insight into how business really works and familiarity with all the different things that go on. It was also a great opportunity to get into teamwork while still studying, that was good and also to apply what I was learning."

Alex – "I liked the concept and the opportunity to apply the knowledge and learning that I had so far. Working on the financial statements gave me the chance to apply what he was being taught in accounting" – (the others said he kept a tight rein on their spending plans!). It was good too for teamwork skills.)

A total of 310 teams entered and 80 go through to the semi –finals. In each semi final, eight teams will compete for a place in the final. Henley will be up against teams from London Met, University of Liverpool, Canterbury Christ Church, Kingston University, Queen Mary, University of Gloucestershire, Royal Holloway and University of Southampton.

And well done to the other two Henley teams who entered the competition:

Team A - Pavleen Arora, Kathleen Ward, Paul Smith, Robert Harding and Riyana Abd Razak.

Team B -  Thomas Dales, Ben Francis, Plamen Hristov, Alexander Avramov and Pavleta Pavlova.

For more information please visit www.uk.ubcworldwide.com