The quest for the future leaders of Indian Business World has begun

The quest for the future leaders of Indian Business World has begun

CIMA in association with Barclays declares open the

4^th Global Business Challenge for 2012

Mumbai: For those who have the business insight to innovate future strategies and are confident of building the best business ideas of tomorrow, The Charted Institute of Management Accountants (CIMA) has declared the registrations for The 4^th CIMA Global Business Challenge (GBC) open.

After unparalleled success during the last three years, the 4^th edition of the CIMA Global Business Challenge 2012 – an unique global case study competition for undergraduate students, has set sail in India. What started with a participation of 5700 students from 08 countries and 125 universities in the year 2009 has grown into a truly global competition and witnessed a participation of approximately 20,000 students from 17 different countries and 400 plus universities around the globe in the year 2011. With over 1, 25,000 different viewers engaged via the internet, GBC 2011 also saw a Facebook fan following of over 10,000 people from India and 30,000 people across the globe.

Taking into consideration the overwhelming response of the first three years, CIMA is expecting the participations to grow much higher this year. The Indian winners of the GBC 2012 would compete at the global level with the lead teams from 22 other countries like Australia, Bangladesh, Mainland China, Ghana, Hong Kong, Indonesia, Iran, Pakistan, Ireland, Malaysia, Middle East, New Zealand, Philippines, Russia, Singapore, South Africa, Sri Lanka and UK in the global finals, in June 2012.

Arati Porwal, Chief Representative, CIMA India said that, “CIMA Global Business Challenge has always provided undergraduate students an international platform to show case their business acumen. It has proved to be an extremely popular competition for India’s ambitious future business leaders.  We therefore expect a stronger participation in GBC 2012, than the over 400 teams that participated last year. To help the students prepare for the GBC 2012, CIMA has this year, taken certain steps to raise the bar of competition and enrich the participant’s experience. These steps include holding case study analysis workshops in colleges”.

The mini case study workshops by CIMA will help the participants test their business analysis skills. The Institutions and students interested in this workshop can contact the CIMA representative on +91 22 42370105 or mail at gbcindia@cimaglobal.com

The participating teams at the CIMA Global Business Challenge 2012 are expected to analyse, report and present on a CIMA case study. Along with exciting cash prizes for the Global winners, teams winning the regional and national rounds will also get to win a host of prizes and free participation to a host of CIMA workshops.

The registrations for the CIMA GBC 2012 have already begun. Interested students can register themselves by logging onto www.cimaglobal.com/gbc2012 Alternatively, the students can also contact the CIMA India Liaison Office on Tel. No. +91 22 4237 0100 or mail at india@cimaglobal.com for more information on the challenge. The last date for registrations is December 10^th 2011, the students registering before November 10^th 2011 will get a chance to participate in the lucky draw. 

Format of the competition

1^st round (regional) – Case study synopsis

Each participating team will be required to analyse the case study based on the given scenario and submitting a general synopsis of the findings. A Test of Professional Competence in Management Accounting case study will be distributed to the teams. It can also be downloaded from the website.

2nd round (regional) – Executive summary and presentation

Six teams in each region will be short-listed for this round. They will be required to submit an executive summary based on their business solution report and present the proposal in front of the judging panel.

3rd round – India Final

The winning team from India regional competition will compete in the India final in Mumbai. They will be required to give a presentation based on the material from the first two rounds to answer a series of questions from the panel of judges.

4th round – Global Final

The winning team from the India will compete in the Global finals. They will be required to give a presentation  and to answer a series of  questions from a panel of international judges.

For further information please contact:
Atul Malikram
09827092823