The Global Business Challenge (GBC), which is sponsored by HSBC Bank USA, N.A. and the New York Life Foundation, is a unique opportunity for VEI students to experience the global economy and develop expertise that will be critical as they move forward in their education and careers.
The ninth annual Global Business Challenge will take place on Tuesday, April 1, 2014 in New York City at the NYU Kimmel Center and is one of the extended learning opportunities that comprise Youth Business Summit Week.
In early March, students registered for the GBC will receive a Harvard Business School case and have the opportunity to read and review case and examine the challenges, opportunities and risks facing a global company.
On the morning of the event students will be assigned to a multinational team of 7-8 students and will be given “The Challenge.” The mission is for each team to analyze company data, identify relevant information for the assigned task, and prepare a solutions-based presentation to industry partner judges. Each team will be provided with one laptop and a flash drive in order to prepare their presentation. Teams must complete their mission in 2 hours.
As the teams work, judges will have the opportunity to observe and evaluate performance, professionalism and effectiveness. This evaluation will contribute to the team’s overall score. At the end of the 2 hours, teams will make a 10- minute presentation to judges, followed by 5 minutes of questions. In addition to the criteria of teamwork, teams are rated on their analysis of the company, the strategies they recommend and the strength of their answers to judges’ questions. Scores will be computed and the top six teams will be announced at the official closing of the Global Business Challenge. The winners receive Challenge trophies.
Selected participants will receive a rubric prior one month prior to the event so that everyone is aware of judging criteria.
Schools participating as exhibitors at the International Trade Show in New York City on April 3 may nominate students to be considered for participation in the Global Business Challenge by completing the online registration on the VEI website. VEI will review the registrations and will notify schools by March 4, 2014.