Xavier University Business Students Vie for Cash Prize for Best Global Expansion Plan
A chance to put international travel to the usability test
The Board of Executive Advisors of Xavier University’s Center for International Business (CIB) has created a “Best Paper Competition” to encourage students to apply what they have learned in their academic study abroad to complete a global business expansion plan.
On August 22, from 4 – 6pm three teams of MBA students will compete for a $1,000 cash award donated by CIB board members. Students will make presentations of their completed plan and a panel of judges will select the winner. The judges are Roger Roundhouse - senior vice president & general manager of General Cable; Vivek Narendran, MD - associate professor and director of the Neonatal Intensive Care Unit at Cincinnati Children’s Hospital Medical Center; and Jason Pace, product manager, Nuclear Military, Transit & OEM, General Cable. Roundhouse and Narendran are executive advisors of the Board of Xavier’s Center for International Business. Pace is an alumnus of Xavier’s MBA program. He participated in Xavier’s first MBA international study trip to China in 2008 and graduated from the program in 2009 with a concentration in International Business. In August 2011, when sent to China by his employer, he was able to apply directly what he learned in the program.
Students complete a three-credit hour course that includes the trip abroad. They attend several lectures on campus before the trip and do pre-trip research to gain an overview understanding of the country's political, cultural, economic and industrial competitive landscape. They spend 10 or 11 days in the country meeting with senior management of both local enterprises and multi-national corporations, making marketplace observations and cultural site visits. After returning to the U.S., they debrief and complete their global business plan under the guidance of lead professors. Students are graded on their comprehensive knowledge about the country in key areas such as the political, cultural, economic and industrial competitive landscape, and their creativity and ability to translate their data into useful global business plans and recommendations to aid decision making.
This year, Xavier’s Williams College of Business organized four MBA international business study trips to China, South Korea and Japan, London, and Brazil, in which 59 students participated. Over the past four years, about 300 students have taken part.