Final round of Business Case Competition held in Azerbaijan
Azerbaijan, Baku, Dec. 10 /Trend/
On December 9, 2012 the US Educated Azerbaijani Alumni Association organized final round of the Azerbaijan Business Case Competition (ABCC) that took place in the new campus of Azerbaijan Diplomatic Academy.
Azerbaijan Business Case Competition is an annual competition, where teams from major universities of Azerbaijan work under pressure to solve real-life business problems using their knowledge in various business disciplines, including finance, marketing, accounting, technology and management, and present their solutions to a panel of judges representing major businesses in Azerbaijan.
The history of ABCC goes back to 2002. Motivated by the lack of business case analysis practice in Azerbaijan, MBA Enterprise Corps Volunteers spearheaded this project in Azerbaijan. AAA was given an exclusive right to hold and organize the ABCC since 2006. Today, the past participants of ABCC hold leadership positions in many businesses and organizations in Azerbaijan.
The ABCC provides a real environment for the development of the students' business analysis and presentation skills; develop career enhancing credentials and prepare students to be future business leaders in the country. The competition also provides representatives of businesses, academia, and students an opportunity to interact in a fun and intellectually challenging forum. More than 80 teams representing 12 universities applied for participation in the competition of which, only 27 made to the finals.
All the students went through five weeks of training and instruction in business case analysis, strategy development and presentation of recommendations. In addition, teams made mock round presentations prior to the final competition. According to the rules of the competition, all teams presented their solutions to judges representing major local and international businesses at the semi-final stage. Four teams represented their final case presentations to the panel of judges comprised of CEOs of AAA's partners.
This year's competition was made possible by support from Pasha Bank, BP, Azerbaijan America Alliance, Procter & Gamble, Azercell, Statoil, and Coca Cola. Azerbaijan Diplomatic Academy was the academic sponsor of the event.