Global Innovation & Entrepreneurship Challenge
Tauranga, New Zealand 26 - 31 August 2018
Hosted by Waikato Management School
48 students from around the world, 12 universities, 3 business cases over 5 days – all set in the stunning seaside location of Tauranga, Bay of Plenty. Waikato Management School is proud to have hosted the inaugural SDS Global Innovation and Entrepreneurship Challenge.
GIEC was part of the Groundswell Festival of Innovation, held from 27 August to 2 September 2018, when Tauranga showcased the city’s innovative people and businesses. Involving students from 12 New Zealand and overseas universities, our business case challenge added to the buzz of the festival.
GIEC pitted 12 four-member student teams against each other and against the clock as they raced to analyse case studies from real New Zealand companies and pull together a knockout presentation on smart strategies to grow their business.
We are pleased to welcome the following teams to the 2018 challenge:
- Auckland University of Technology, New Zealand
- HEC Montréal, Canada
- Lancaster University, England, UK
- Penn State University, United States
- Queensland University of Technology, Australia
- Simon Fraser University, Canada
- University of Auckland, New Zealand
- University of Canterbury, New Zealand
- University of New South Wales, Australia
- University of Otago, New Zealand
- University of Waikato, New Zealand
- Victoria University of Wellington, New Zealand
In keeping with Waikato Management School's strategic theme of ‘Leading through Innovation’, the student teams were required to come up with strategies that they presented in a boadroom setting to a panel of judges drawn from the business world, including representatives from each case company.
Students were exposed to the sort of pressure that management consultants regularly face. During the week, teams worked on disruptive strategies for ZURU Toys (a disruptive and award-winning NZ company that designs, manufactures and markets innovative toys and consumer products), as well as local companies such as Ubco Bikes (an electric utility motorbike) and Good Buzz Kombucha.
The four teams that made it through to the finals presented to a panel of judges from across the Tauranga business community.
The case competition model is a great example of work-integrated learning, where students apply what they learn in the classroom to the practice of business – analysing issues and developing business strategies to help companies innovate.
They also provide a tangible demonstration of how our teaching aligns with (1) what the business community expects, and (2) the quality of our student base. Employers are looking for graduates with skills in teamwork, oral presentation and the ability to think on their feet under quick-fire questioning from seasoned executives.
The business people involved in the challenge relished the interaction with bright students. Our students relished the opportunity to engage in conversations with current and future innovators.
Waikato Management School and the NZ Student Development Society would like to thank the following sponsors for their generous support.
The event begins in Auckland on Sunday 26 August. Competition days are Monday 27 August, Wednesday 29 August, Thursday 30 August and Friday 31 August. On the Sunday, teams will be divided into four divisions, ready for the first case reveal on Monday morning.
On Monday and Wednesday, the start will be staggered with four teams given the case every 30 minutes. They have five hours to complete. On Monday and Wednesday afternoons, teams will present to business panels in boardrooms around the Tauranga CBD. Thursday’s the big one: teams will have 12 hours to work on that case and will present their findings and ideas on Friday morning.
Teams will be accommodated at the Oceanside Resort & Twin Towers in Mount Maunganui (fondly known as the Mount), a gorgeous resort town just 15 minutes from central Tauranga.
The hotel is positioned between two beaches and close to walking/running tracks up and around Mauao, the lava dome that rises above the town and gives it its name. We have negotiated discounted entry to the Mount Hot Pools, opposite the hotel.
From the Mount it’s an easy run over to Rotorua, teeming with tourist activities and the location for Tuesday’s group dinner at Tamaki Māori Village. Most social events will be held at the Mount.
See Bay of Plenty Tourism’s website for more info.
Tuesday 28 August is a rest day. You can hang out at the Mount and do your own thing, take the chance to ‘experience the magic’ of Hobbiton (Arrow Tours, $159 per person, includes entry fee) or take an action-packed tour of Rotorua, including a ride on the Skyline Gondola and Luge (Arrow Tours, $129 per person). Excursion costs are not covered by GIEC and will need to be paid direct to the tour company.
Please contact Tracey Lowndes from Waikato Management School before 17 August if you are interested in an excursion: [email protected]
The director of the 2018 Global Innovation and Entrepreneurship Challenge, Steve Bowden of Waikato Management School, can be contacted at [email protected], +64 27 389 4330.
John Guthrie, chair of the Student Development Society, is available at [email protected], +64 21 901747.
Tracey Lowndes, GIEC project manager, can be contacted at [email protected], +64 27 428 9358.