Written predominantly for a their university's newsletter to be eventually published over this week, the students from Yonsei University who participated in Firenze|china at Beijing agreed to share their write-up on the Firenze blog. Below is their article verbatim.
Our Experience at the Microsoft Firenze Case Competition
Beijing, China 1/04/09 – 1/07/09
Jesse Abraham, Joo-Ha Kim, Hi-Young Shin, Yun-Jeong Seo
Yonsei University Graduate School of Business
First off we would like to thank Yonsei and Microsoft for the unique opportunity to participate in the Beijing competition. It exceeded our expectations, and gave us an unforgettable experience that was not only fun, but also a valuable educational experience to finish our MBA program with.
Before the competition, we spent several hours in the weeks prior to the deadline preparing our school entry. After our initial preparation, we were thrown a “curveball” that made us rethink our preliminary ideas and research. Subsequently, our work in this case entailed preparing a survey to give to 200 students, compiling a statistical analysis of this data and drawing conclusions from it, and finally using our conclusions to develop the correct implementation. Our marketing plan was a viral message sent by students to promote their friends to visit the website that our team designed, where all that registered would be eligible to win a number of prizes, some which were a significant part of our $20,000 budget, and some which were free from partnerships with restaurants, coffee shops, and movie theatres. Students were encouraged to contact friends, since they would receive more “entry tickets” into the grand prize sweepstakes for each friend they convinced to register. All who wished to take part in this contest were required to first click on a link to Microsoft’s Imagine Cup website, and from the responses on our survey, we felt that we could easily reach the required one million students, and expect at least 200,000 to respond. When we arrived in Beijing, we were honored to find out that we had finished in the top three out of the non-Chinese schools who participated in the contest.
After the “competition” phase of the contest was over, which was a mere 3 hours after registration, we were separated. We were each put into one eight teams, none of which had two members from the same university. We were given a new goal, similar to our initial case preparation, but with a larger target, and a smaller budget, and were given 24 hours to finish. It would be a stretch to claim that things went smooth from the start. There was some initial friction as most members wanted to keep (at least a fraction of) their own idea intact; it was difficult to come to a consensus. However, it was very surprising how quickly things started to mesh together. Though we had been complete strangers just hours before, by the end it felt like we had been teammates for months. Besides sharing exhaustion, stress, and maybe a little cabin fever, we all shared the same urgency, the same sense of commitment, and the same sense of pride of accomplishment in completing a new presentation in just one day, whereas the first one had taken weeks. The judging was very intense. They asked some extremely difficult questions, some pointing out flaws in our design, and some just to throw us off. However, this too was a valuable experience in simulating a realistic presentation to executives. As we were able to view the teams following our presentations, we were all extremely impressed by the hard work that each team put into their proposal. We were very happy to find out that one of Yonsei University’s team members, Joo-Ha Kim, was part of the winning team of the entire case challenge.
This was one of the most exciting experiences we took part in during our pursuit of our MBA degrees. We strongly recommend that the Yonsei GSB, and all other business schools, take part in any similar future competitions open to their MBA candidates. It is a once in a lifetime opportunity, and should not be missed.
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Hiyoung Shin A full time Global MBA student at the Yonsei Graduate School of Business, Hiyoung is majoring in Finance & Business management. She has worked with Reckitt Benckiser this summer , where she worked as internee in Trade marketing department-providing the enhanced Fast Listing Fast Distribution strategies and tactics using 4P (presence/placement/promotion/price) from customer’s view point of view. Prior to her MBA, Hiyoung worked for two years in the exporting industry as Business Administrator and Finance Analyst. Post MBA, she aims to work for a multi-national firm that offers an international career in the area of Finance& Marketing. |
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Yunjeong Seo Yunjeong Seo is a Global MBA student at the University of Yonsei Graduate School of Business where she is pursuing concentrations in management. Prior to her MBA, Yunjeong worked for AMOREPACIFIC Ltd and transferred to Hyundai Card. She has 7 years in the manufacturing and finance services as a HR practitioner. She was responsible for building Human Resources Development strategies and developing educational programs. Post MBA, she intends to pursue a career of global HR in global companies or multinational companies. |
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Jesse Abraham A full time student from the U.S., Jesse is pursuing a dual degree, with an MA in International Trade and Finance from the Yonsei Graduate School of International Studies, and an MBA from the Yonsei Graduate School of Business. He recently completed an internship with SK where he created a supplier evaluation system for the purchasing division. Post MBA, he is aiming for a career in corporate finance at a top global firm. |
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Jooha Kim Jooha has worked in Korean Standards Association (KSA) as an international cooperation coordinator for 3 years. His works were establishing the cooperative relationships with overseas organization and planning new business opportunities. After finishing MBA, he is pursuing a career in strategic management and overseas business strategy. |