Four CB undergraduate students,
Alexandra Mak and Crystal Mak
from BBA Global Business,
Anson Chung from BBA Accountancy,
and Mark Hung from BBA Global
Business (with a second major in
Accountancy), shone in the Chartered
Global Management Accountant
(CGMA) Global Business Challenge
2020. Their team named "IdeaBank"
won the Championship in Hong
Kong earlier in the month, and then
represented the city in the online North
Asia Final on 13 June, competing
with nine other elite teams across the
region. IdeaBank finally achieved the
second runner-up position.
In the final, the teams were given 11
hours to identify issues facing a hotel
group and come up with strategies
to improve its operations, project
management, accounting and finance,
and to deal with threats from disruptive
innovations.
Team member Mark said, "Our final
product with in-depth analyses reflected
our professionalism and problem-solving skills even as students." He
added that he valued the opportunities
for developing critical thinking,
improving logical thinking and learning
from people in various disciplines.
Alexandra said, "Apart from the
competition, we also needed to take
care of our internship and studies.
Although I sometimes felt very stressed,
the professional experience gained from
the competition was immeasurably
precious."
The CGMA Global Business Challenge
is an international competition
organised by the Chartered Institute
of Management Accountants (CIMA),
the world's largest professional body
of management accountants. Based
on the principle of fairness, justice and
openness, the competition gathers
outstanding business students around
the world and aims to develop their
leadership, technical knowledge,
business acumen, and people skills.
Crystal said, "Solving business problems
is never easy. With that in mind, we underwent a lot of training to hone
our problem-solving skills to prepare
ourselves for the competition."
Before the competition, the team went
through extensive training conducted
by the BBA Global Business Programme
Director, Dr Chak-fu Lam, and an
intensive workshop taught by Dr
Zachary Leung from the Department
of Management Sciences. They also
benefited from working with Dr
Raymond Wong, Mr David Yip and
Mr Sunny Wong from the Department
of Accountancy.
Anson added, "I am proud to be part
of this team and thankful for the
opportunity given by CGMA North
Asia! It was a tough task but it helped
sharpen our skills from different
aspects."
In addition to a cash prize, each
team member was given a one-year
subscription to the "CGMA Financial
Leadership Program" to pursue
professional designation of CGMA and
to help prepare themselves for a future
management consultant position.
