MEGlobal, a joint-venture between Petrochemical Industries Company of Kuwait and The Dow Chemical Company, awarded the winning business administration majors and MBA students at the Gulf University for Science and Technology’s (GUST) annual Case Writing Competition.
The awards were presented by President and CEO of MEGlobal, Dr. Ramesh Ramachandran, and CEO of Petrochemical Industries Company, Kuwait, Mr. Asaad Al Saad.
Held for the third year in-a-row, the competition required participants to provide strategic business solutions to real-world challenges and opportunities facing MEGlobal from an ethical, marketing, financial and managerial standpoint.
Participating teams were briefed by MEGlobal top executives from Dubai who were able to clearly illustrate and outline the current issues and potential opportunities at the company during the launch of the competition early this year. Students in turn were required to execute their own investigative case work by interviewing MEGlobal management, staff, and third party experts to formulate the best solution forward for their chosen case.
MEGlobal President and CEO, Dr. Ramesh Ramachandran, said: “This competition allows business students to apply theories and frameworks into real-life operational challenges which in turn gives them a new perspective into the corporate world. This is the third consecutive year in which we sponsored this competition, and we are continually impressed by the strategic thinking, detailed analysis and creative solutions of the cases by all teams, specifically the finalists who are here today. On behalf of our management team, I would like to congratulate all participants present here today and I have full confidence that you will be an asset to the corporate world here in Kuwait and the rest of the world.”
GUST Business Administration Professor Dr. John Hayes, who managed the competition said: “The competition attracted the highest number of participants this year, notably those pursuing their MBA, which is a clear indication that business students are eager to apply their theoretical knowledge learned through their academic courses here at GUST into real-life scenarios which will help prepare them for their corporate journey ahead. We believe in allowing them to think and strategize independently from an organizer’s standpoint, and are committed to ensuring that they are on the right-track towards providing tangible solutions for the case they are investigated.”
MEGlobal rewarded the first place winning team with $10,000 in addition to a luxury trip to Dubai for each member of the team. In addition, the second place winning team walked away with $5,000 and the third place winning team with $2,500.