TODAY is D-Day for 75 public university students competing in Universiti Utara Malaysia's National Business Simulation Competition for Public Institutions of Higher Learning. After a series of tasks, students from 15 universities will know which "entrepreneur" team has the wits and perseverance to come out tops

Povera, Adib

UUM Repository

15 varsities vieto produce 'topentrepreneurs'trade savvy: Simulation competition exposesstudents to the real processes of business worldADIB POVERATODAY is D­Day for 75 public universitystudents competing in UniversitiUtara Malaysia's National BusinessSimulation Competition for Public Institu­tions of Higher Learning. After a series oftasks, students from 15 universities willknow which "entrepreneur" team has thewits and perseverance to come out tops.The prize­giving for the two­week compet­ition, jointly organised by UUM's Cooperat­ive and Entrepreneurship Development In­stitute (Cedi) and Malaysian Practice Enter­prise Centre (MyPEC), and supported by theHigher Education Ministry, would be held atSheraton Hotel, Kuala Lumpur.UUM second­year law student SyafiqahMd Shafie, 21, and her four teammates tookthree months to prepare. Together with Mo­hamed Azad Uzair Mohamed Azli, CarmenChan Jia Min, both 22, Ethan Tan Ho Engand Nur Fitriah Hani Kashfi, both 21, the fiveformed Kelvative Sdn Bhd which providedan innovative learning space."We learned a lot during the competition.It was like mastering two years of businesstheories in 14 days," said Shafiqah, who is thechief executive officer of Kelvative.Also taking part were 22­year­old ChimWei Wen and her accounting studies coursemates from Universiti Teknologi Malaysia inJohor. She is the chief executive officer of E­ZSdn Bhd, which she formed with Nur Ana­suha Ilias, Nurmala Abd Samad, Hani Sham­ilah Mohd Noor, all 21, and Nurul AfiqahRozaini, 22."We have given our all and we are hopingfor the best," Chim and her team said afterpresenting the company's business report onthe sale of their E­Z refillable markers to a10­member board of directors.Others students taking part were from Uni­versiti Sains Malaysia, Universiti PutraMalaysia, Universiti Teknologi Mara, Uni­versiti Malaysia Pahang, Universiti MalaysiaPerlis, Universiti Malaysia Kelantan, Uni­versiti Malaysia Sabah, Universiti MalaysiaTerengganu, Malaysia National Defence Uni­versity, Universiti Pendidikan Sultan Idris,Universiti Sains Islam Malaysia, UniversitiTun Hussein Onn and Universiti TeknikalMelaka Malaysia.The challenge, which was held at UUM inSintok, Kedah, operated on a simulation plat­form, courtesy of training provider MyPECthat connects 7,000 businesses (dubbed prac­tice enterprises) in 44 countries.The teams registered their practices as en­terprises and tried to convince venture cap­italists to invest in their ideas during the firstround. At the end of the competition, thegroup would present their financial reportsto their respective "board of directors",which was headed by MyPec chairmanDatuk Radin Firdaus Radin Lockman.MyPec director Matsham Ahmad said be­sides exposing students to the real processesand vigorous nature of the business world,the competition tested the contestants' cre­ativity and drive to execute their plans. Cediexecutive director Professor Hassan Ali saidthe competition, which was introduced lastyear, had been included in the Higher Edu­cation Ministry's annual calendar.The team with the highest score wouldtake home RM10.000 and a trophy.The second team will receive RM5,000while the third and fourth teams will walkaway with RM3.000 and RM1.500, respect­ively. The best "chief executive officer" willalso receive RM1,000.Headline 15 varsities vie to produce top entrepreneursMediaTitle New Straits TimesDate 07 Feb 2013 Language EnglishCirculation 136,530 Readership 330,000Section Local News Color Full ColorPage No 22 ArticleSize 355 cm²AdValue RM 11,582 PR Value RM 34,745The 'chief executive officers' with the challenge trophy for UUM's National BusinessSimulation Competition for Public Institutions of Higher Learning. Pic by Lim Poh ChinHeadline 15 varsities vie to produce top entrepreneursMediaTitle New Straits TimesDate 07 Feb 2013 Language EnglishCirculation 136,530 Readership 330,000Section Local News Color Full ColorPage No 22 ArticleSize 355 cm²AdValue RM 11,582 PR Value RM 34,745

15 varsities vie to produce 'top entrepreneurs': Trade savvy: Simulation competition exposes students to the real processes of business world

http://repo.uum.edu.my/7262/1/15_varsities_vie_to_produce.pdf

15 varsities vie to produce 'top entrepreneurs': Trade savvy: Simulation competition exposes students to the real processes of business world

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